OPPENHEIMER DISCIPLINED ALLOCATION FUND
Supplement Dated July 21, 1997
to the Prospectus dated February 25, 1997
The Custodian of the Fund's portfolio securities has been
changed from State Street Bank and Trust Company to The Bank of
New York located at One Wall Street, New York, N.Y. 10015.
July 21, 1997 PS0205.007
<PAGE>
OPPENHEIMER DISCIPLINED VALUE FUND
Supplement Dated July 21, 1997
to the Prospectus dated December 16, 1996
The Custodian of the Fund's portfolio securities has been
changed from State Street Bank and Trust Company to The Bank of
New York located at One Wall Street, New York, N.Y. 10015.
July 21, 1997 PS0375.006
<PAGE>
OPPENHEIMER LIFESPAN FUNDS
Supplement Dated July 21, 1997
to the Prospectus dated February 25, 1997
The Custodian of the Fund's portfolio securities has been
changed from State Street Bank and Trust Company to The Bank of
New York located at One Wall Street, New York, N.Y. 10015.
July 21, 1997 PS0305.009
