OPPENHEIMER TOTAL RETURN FUND INC
497, 2000-06-08
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                      OPPENHEIMER TOTAL RETURN FUND, INC.
                Supplement dated June 7, 2000 to the Statement of
                   Additional Information dated April 28, 2000

The Statement of Additional Information is revised as follows:

The following information regarding the portfolio managers of the Fund are added
to page 28:

Bruce Bartlett,  Senior Vice President and Portfolio Manager, Age: 50. Two World
Trade Center, New York, New York 10048-0203 Senior Vice President of the Manager
(April 1995); an officer of other Oppenheimer  funds,  formerly a Vice President
and Senior Portfolio Manager at First of America Investment Corp.

John P. Doney, Vice President and Portfolio Manager, Age: 70.
Two World Trade Center, New York, New York 10048-0203
Vice President of the Manager (since June 1992); prior to joining the Manager in
June 1992, he was Senior Vice President and Chief Investment  Officer - Equities
of National  Securities & Research  Corporation  (mutual fund  adviser) and Vice
President of the National Affiliated Investment Companies.



June 7, 2000                                            PX0420.007




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