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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<SHARES-COMMON-STOCK> 93
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 7,515
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,850,897)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,085,335
<NET-ASSETS> 1,025
<DIVIDEND-INCOME> 114,925
<INTEREST-INCOME> 10,229,275
<OTHER-INCOME> 0
<EXPENSES-NET> 1,879,470
<NET-INVESTMENT-INCOME> 8,464,730
<REALIZED-GAINS-CURRENT> 968,379
<APPREC-INCREASE-CURRENT> 597,965
<NET-CHANGE-FROM-OPS> 10,031,074
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 93
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 57,487,066
<ACCUMULATED-NII-PRIOR> 6,579
<ACCUMULATED-GAINS-PRIOR> (2,819,276)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 975,819
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,879,470
<AVERAGE-NET-ASSETS> 1,000
<PER-SHARE-NAV-BEGIN> 10.88
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 0.14
<PER-SHARE-DIVIDEND> 0.14
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.02
<EXPENSE-RATIO> 0.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
Addition of a new class of shares
On 4/27/98 Bond Fund added Class y shares which are offered only to certain
institutional investors who have a special agreement with the Distributor and
are sold at net asset value per share without sales charge.
Acquisition of Oppenheimer LifeSpan Income Fund
On June 11, 1998, the Fund acquired all the net assets of Oppenheimer
LifeSpan Income Fund, pursuant to an agreement and plan of reorganization
approved by the Oppenheimer LifeSpan Income Fund shareholders on May 25,
1998. The Fund issued 2,793,467, 85,715 and 8,737 shares of beneficial
interest for Class A, Class B, and Class C, respectively, valued at
$30,889,321, $947,405 and $96,665 in exchange for the net assets, resulting
in combined Class A net assets of $230,808,283, Class B net assets of
$59,193,669 and Class C net assets of $13,957,428 on June 12, 1998. The net
assets acquired included net unrealized appreciation of $514,326. The
exchange qualified as a tax-free reorganization for federal income tax
purposes.