Oppenheimer Value Stock Fund
Supplement dated July 16, 1997 to the
Prospectus dated April 30, 1997
The Prospectus is changed as follows:
1. The following is added as the first paragraph under the
heading How Much Must You Invest? in How to Buy Shares on page
26 :
Shares of the Fund are not available for sale to new
investors, including shares purchased by exchange from other
Oppenheimer funds, lump-sum purchases, and purchases under an
Asset Builder Plan (described on page 27) or by reinvestment
of dividends or distributions from other Oppenheimer funds, or
under the Reinvestment Privilege (described on page 39).
Existing Fund shareholders may purchase additional Fund shares
through subsequent investments or reinvestment of Fund
dividends or distributions, until the Fund s closing date of
July 25, 1997 at such time the reorganization of the Fund with
and into Oppenheimer Disciplined Value Fund will occur. The
foregoing is subject to the right of the Fund and the
Distributor, in their complete discretion, to modify or
terminate the terms of this offer at any time without prior
notice. The remaining sections of this Prospectus are hereby
amended to conform to the terms of this offer.
July 16, 1997 PSP325.010
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OPPENHEIMER BOND FUND
Supplement dated July 15, 1997 to the
Prospectus dated April 30, 1997
The Prospectus is changed as follows:
1. The fourth sentence of the sub-section captioned Who Manages
the Fund in A Brief Overview of the Fund is revised as follows:
Effective July 15, 1997, the Fund s portfolio manager, who is
primarily responsible for the selection of the Fund s
securities, is David P. Negri.
2. The sub-section captioned Portfolio Manager in How the Fund
is Managed-The Manager and Its Affiliates on page 22 is revised as
follows:
Effective July 15, 1997, the Fund s portfolio manager is David
P. He is the individual principally responsible for the day-
to-day management of the Fund s portfolio. Mr. Negri is a
Vice President of the Manager and of the Fund and has been a
portfolio manager of the Fund since July 10, 1995.
July 15, 1997 PSP0285.009
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Oppenheimer Bond Fund
Supplement dated July 15, 1997 to the
Statement of Additional Information Dated April 30, 1997
The Statement of Additional Information is amended as follows:
1. The second biographical paragraph in the section How the Fund
is Managed on page 24 for David Rosenberg is hereby deleted.
July 15, 1997 SAI0285.004
