Oppenheimer LifeSpan Funds
Oppenheimer LifeSpan Growth Fund
Oppenheimer LifeSpan Balanced Fund
Oppenheimer LifeSpan Income Fund
Supplement dated June 6, 1996 to the
Prospectus dated May 1, 1996
The Prospectus is changed as follows:
1. In the chart entitled "Asset Classes and Components" on page 12, the
"Range" of the Government/Corporate component of LifeSpan Income Fund is
revised to read "30-45%."
2. In the section entitled "Dividends" under "Dividends, Capital Gains
and Taxes" starting on page 53, the second, third and fourth sentences of
that section are revised to read as follows:
LifeSpan Growth Fund intends to pay dividends, if
any, annually, normally on the last business day in
December. LifeSpan Balanced Fund intends to pay
dividends, if any, quarterly, normally on the last
business day of March, June, September and December.
LifeSpan Income Fund intends to pay dividends, if
any, on a monthly basis, normally on the last
business day of every month. Distributions may be
made annually, in December, by LifeSpan Growth Fund,
quarterly by LifeSpan Balanced Fund and monthly by
LifeSpan Income Fund from any net short-term capital
gains the Fund realizes in selling securities. The
Board of Directors can change those dates.
June 6, 1996
<PAGE>
OPPENHEIMER DISCIPLINED ALLOCATION FUND
Supplement dated June 6, 1996 to the
Prospectus dated May 1, 1996
In the section of the Prospectus entitled, "Dividends" under
"Dividends, Capital Gains and Taxes," the first two sentences of that
section on page 49 are revised to read as follows:
The Fund intends to declare and pay
dividends separately for Class A, Class B
and Class C shares from net investment
income, if any, quarterly. Normally
dividends are paid on the last business day
of March, June, September and December, but
the Board of Directors can change those
dates.
June 6, 1996
<PAGE>
OPPENHEIMER DISCIPLINED VALUE FUND
Supplement dated June 6, 1996 to the
Prospectus dated May 1, 1996
In the section of the Prospectus entitled "Dividends" under
"Dividends, Capital Gains and Taxes," the first two sentences of that
section starting on page 44 are revised to read as follows:
The Fund intends to declare and pay
dividends separately for Class A, Class B
and Class C shares from net investment
income, if any, annually. Normally
dividends are paid on the last business day
of December, but the Board of Directors can
change that date.
June 6, 1996
