OPPENHEIMER DISCIPLINED VALUE FUND
Supplement dated June 12, 2000 to the
Statement of Additional Information dated February 28, 2000
The Statement of Additional Information is revised as follows:
1. The biographical information for Peter Antos, Michael Strathearn
and Kenneth White is deleted and the following biographical
information is added in the subsection titled "Directors and Officers
of the Fund" on page 32, directly above the biographical information
for Andrew J. Donohue:
Charles Albers, Vice President and Portfolio Manager, Age 59
Two World Trade Center, New York, New York 10048-0203
Senior Vice President of the Manager (since April 1998); a Certified
Financial Analyst; formerly a Vice President and portfolio manager for
Guardian Investor Services, the investment management subsidiary of
The Guardian Life Insurance Company (since 1972).
Nikolaos D. Monoyios, Vice President and Portfolio Manager, Age 50
Two World Trade Center, New York, New York 10048-0203
Vice President of the Manager (since April 1998); a Certified
Financial Analyst; formerly a Vice President and portfolio manager for
Guardian Investor Services, the investment management subsidiary of
The Guardian Life Insurance Company (since 1979).
June 12, 2000 PX0375.003
<PAGE>
OPPENHEIMER DISCIPLINED VALUE FUND
Supplement dated June 12, 2000 to the
Prospectus dated February 28, 2000
The Prospectus is changed as follows:
1. The section entitled "Portfolio Managers" on page 11 is replaced by
the following paragraph:
Portfolio Managers. The portfolio managers of the Fund are Charles
Albers and Nikolaos Monoyios. Mr. Albers is a Senior Vice President of
the Manager and Mr. Monoyios is a Vice President of the Manager. Prior
to joining the Manager in April 1998, Messrs. Albers and Monoyios were
portfolio managers at Guardian Investor Services (from 1972 and 1979,
respectively), the investment management subsidiary of The Guardian
Life Insurance Company.
.
June 12, 2000 PS0375.008
<PAGE>
OPPENHEIMER DISCIPLINED ALLOCATION FUND
Supplement dated June 12, 2000 to the
Statement of Additional Information dated February 28, 2000
The Statement of Additional Information is revised as follows:
1. The biographical information for Peter Antos, Stephen Libera,
Michael Strathearn, Kenneth White and Arthur Zimmer is deleted and the
following biographical information is added in the subsection titled
"Directors and Officers of the Fund" on page 36, directly above the
biographical information for Andrew J. Donohue:
John Kowalik, Vice President and Portfolio Manager, Age 43
Two World Trade Center, 34th Floor, New York, New York 10048-0203
Senior Vice President of the Manager (since July 1998); an officer of
other Oppenheimer funds; formerly Managing Director and Senior
Portfolio Manager at Prudential Global Advisors (1989 - June 1998).
Alan Gilston, Vice President and Portfolio Manager, Age 42
Two World Trade Center, New York, New York 10048-0203
Vice President of the Manager (since September 1997); an officer of other
Oppenheimer funds; prior to joining the Manager in September 1997, he was
a Vice President and portfolio manager at Schroder Capital Management
International, Inc. (from August 1987 - September 1997).
June 12, 2000 PX0205.004
<PAGE>
OPPENHEIMER DISCIPLINED ALLOCATION FUND
Supplement dated June 12, 2000 to the
Prospectus dated February 28, 2000
The Prospectus is changed as follows:
1. The section entitled "Portfolio Managers" on page 13 is replaced by
the following paragraphs:
Portfolio Managers. The portfolio managers of the Fund are John
Kowalik and Alan Gilston. Mr. Kowalik is a Senior Vice President of
the Manager and Mr. Gilston is a Vice President of the Manager.
Prior to joining the Manager in July 1998, Mr. Kowalik was managing
director and senior portfolio manager for Prudential Investments Global
Advisors (1989 - June 1998). Before joining the Manager in September 1997,
Mr. Gilston was a vice president and portfolio manager at Schroder Capital
Management International, Inc. (1987 - August 1997).
June 12, 2000 PS0205.009
