OPPENHEIMER EQUITY INCOME FUND
Supplement dated April 1, 1999 to the
Prospectus dated December 22, 1998
Effective April 1, 1999, the Prospectus is changed as follows:
1. The name of the Fund is changed to "Oppenheimer Capital Income Fund."
2. A new first sentence is added to the first paragraph of the section entitled
"What Does the Fund Invest In?" on page 3 as follows:
Under normal market conditions, the Fund invests 65% of its total assets
in equity and fixed-income securities that are expected to generate
income.
3. The first sentence of the first paragraph of the section entitled "Equity
Investments" on page 9 is deleted, and the second sentence of that paragraph is
revised to read as follows:
The Fund invests in equity securities including common and preferred
stocks and securities convertible into common stocks.
4. The second sentence of the first paragraph of the section entitled "Debt
Securities" on page 10 is deleted.
April 1, 1999 PS0300.014
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OPPENHEIMER EQUITY INCOME FUND
Supplement dated April 1, 1999 to the
Statement of Additional Information dated December 22, 1998
Effective April 1, 1999, the Statement of Additional Information is changed as
follows:
3. The name of the Fund is changed to "Oppenheimer Capital Income Fund."
4. The second sentence of the first paragraph of the section entitled
"Investments in Bonds and Other Debt Securities" on page 4 is deleted.
5. The first sentence of the first paragraph of the section entitled "Special
Risks of Lower-Grade Securities" on page 5 is deleted.
April 1, 1999 PX0300.008
