CENTENNIAL GOVERNMENT TRUST /CO/
497, 2000-04-06
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                           CENTENNIAL GOVERNMENT TRUST
                      Supplement dated April 1, 2000 to the
                        Prospectus dated November 1, 1999




The first three  sentences of the third  paragraph  under the  heading:  How the
Trusts are Managed on Page 8 of the prospectus are revised as follows.


Portfolio  Manager.  Carol E.  Wolf is the  portfolio  manager  of  Centennial
      Money Market Trust and Centennial  Government  Trust.  She is the person
      principally  responsible  for the  day-to-day  management of the Trust's
      portfolio.  She has had this  responsibility  since June, 1990 and July,
      1988,  respectively.  She is a Vice President of OppenheimerFunds,  Inc.
      and of the Manager and an officer and  portfolio  manager of other funds
      for which the Manager or an affiliate serves as investment advisor.




















April 1, 2000                                               PS0170.006





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