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Previous: COMPUMED INC, PRE 14A, 1999-02-26 |
Next: PRUDENTIAL VARIABLE CONTRACT ACCOUNT 11, 485APOS, 1999-02-26 |
<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 0000701265
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 OPPENHEIMER INTEGRITY FUNDS
001 B000000 811-3420
001 C000000 3037683200
002 A000000 6803 SOUTH TUCSON WAY
002 B000000 ENGLEWOOD
002 C000000 CO
002 D010000 80112
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C020500 OPPENHEIMER BOND FUND
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
011 A00AA01 OPPENHEIMERFUNDS DISTRIBUTOR, INC.
011 B00AA01 8-22992
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10048
011 C04AA01 0203
012 A00AA01 OPPENHEIMERFUNDS SERVICES
012 B00AA01 84-1562
012 C01AA01 ENGLEWOOD
012 C02AA01 CO
012 C03AA01 80112
012 C04AA01 3924
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 DENVER
013 B02AA01 CO
013 B03AA01 80202
015 A00AA01 THE BANK OF NEW YORK
<PAGE> PAGE 2
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10015
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 50
019 C00AA00 OPPENHEIMR
020 A000001 PAINEWEBBER, INC.
020 B000001 13-2638166
020 C000001 33
020 A000002 R.J. OBRIEN SECURITIES
020 B000002 36-3233364
020 C000002 14
020 A000003 GOLDMAN, SACHS & CO.
020 B000003 13-5108880
020 C000003 7
020 A000004 DEUTSCHE BANK
020 B000004 13-2730828
020 C000004 6
020 A000005 SMITH BARNEY
020 B000005 13-3371860
020 C000005 2
020 A000006 FIRST BOSTON CORP. (THE) OR FOB
020 B000006 13-5659485
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 63
022 A000001 LEHMAN BROTHERS, INC.
022 B000001 13-2518466
022 C000001 221983
022 D000001 162327
022 A000002 SALOMON BROTHERS, INC.
022 B000002 13-3082694
022 C000002 130011
022 D000002 145832
022 A000003 GREENWICH SECURITIES, INC.
022 B000003 13-2697091
022 C000003 107846
022 D000003 138067
022 A000004 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
022 B000004 13-5674085
022 C000004 65589
022 D000004 64793
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005 67573
<PAGE> PAGE 3
022 D000005 52181
022 A000006 BEAR STEARNS & CO., INC.
022 B000006 13-3299429
022 C000006 45570
022 D000006 43492
022 A000007 NOMURA SECURITIES INTERNATIONAL, INC.
022 B000007 13-2642206
022 C000007 16875
022 D000007 33669
022 A000008 MORGAN STANLEY & CO., INC.
022 B000008 13-2655998
022 C000008 12366
022 D000008 8394
022 A000009 FIRST BOSTON CORP. (THE) OR FOB
022 B000009 13-5659485
022 C000009 1201
022 D000009 18546
022 A000010 DONALDSON, LUFKIN & JENRETTE
022 B000010 13-2741729
022 C000010 5646
022 D000010 1540
023 C000000 690229
023 D000000 680162
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
<PAGE> PAGE 4
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 25
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 Y
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE
080 C00AA00 92000
081 A00AA00 Y
081 B00AA00 86
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
<PAGE> PAGE 5
085 A00AA00 Y
085 B00AA00 N
008 A000501 OPPENHEIMERFUNDS, INC.
008 B000501 A
008 C000501 801-8253
008 D010501 NEW YORK
008 D020501 NY
008 D030501 10048
008 D040501 0203
028 A010500 7220
028 A020500 0
028 A030500 0
028 A040500 4419
028 B010500 15195
028 B020500 1202
028 B030500 0
028 B040500 6333
028 C010500 19774
028 C020500 1116
028 C030500 0
028 C040500 6516
028 D010500 19630
028 D020500 1229
028 D030500 0
028 D040500 8472
028 E010500 13351
028 E020500 1287
028 E030500 0
028 E040500 9140
028 F010500 15694
028 F020500 2621
028 F030500 0
028 F040500 8220
028 G010500 90864
028 G020500 7455
028 G030500 0
028 G040500 43100
028 H000500 24308
029 000500 Y
030 A000500 751
030 B000500 4.75
030 C000500 0.00
031 A000500 222
031 B000500 0
032 000500 529
033 000500 0
034 000500 Y
035 000500 194
036 A000500 N
036 B000500 0
042 A000500 0
<PAGE> PAGE 6
042 B000500 0
042 C000500 0
042 D000500 100
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 1332
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 200000
048 A020500 0.750
048 B010500 200000
048 B020500 0.720
048 C010500 200000
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048 D010500 200000
048 D020500 0.660
048 E010500 200000
048 E020500 0.600
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 1000000
048 K020500 0.500
055 A000500 Y
055 B000500 N
056 000500 N
057 000500 N
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 4.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 1.0
<PAGE> PAGE 7
062 M000500 3.2
062 N000500 28.2
062 O000500 0.0
062 P000500 51.8
062 Q000500 16.0
062 R000500 2.2
063 A000500 0
063 B000500 7.2
064 A000500 N
064 B000500 Y
065 000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 Y
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 Y
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 Y
070 Q010500 N
070 Q020500 N
070 R010500 N
<PAGE> PAGE 8
070 R020500 N
071 A000500 263925
071 B000500 208097
071 C000500 309287
071 D000500 67
072 A000500 12
072 B000500 22501
072 C000500 313
072 D000500 0
072 E000500 0
072 F000500 2200
072 G000500 0
072 H000500 0
072 I000500 464
072 J000500 16
072 K000500 74
072 L000500 61
072 M000500 7
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 12
072 S000500 7
072 T000500 1332
072 U000500 0
072 V000500 0
072 W000500 49
072 X000500 4222
072 Y000500 0
072 Z000500 18592
072AA000500 10946
072BB000500 10632
072CC010500 0
072CC020500 3076
072DD010500 14076
072DD020500 3656
072EE000500 0
073 A010500 0.7103
073 A020500 0.6266
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 14400
074 C000500 3467
074 D000500 353599
074 E000500 7798
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 76
<PAGE> PAGE 9
074 J000500 0
074 K000500 0
074 L000500 7
074 M000500 4775
074 N000500 384122
074 O000500 24995
074 P000500 251
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 2350
074 S000500 0
074 T000500 356526
074 U010500 22711
074 U020500 8112
074 V010500 10.86
074 V020500 10.86
074 W000500 0.0000
074 X000500 20479
074 Y000500 25237
075 A000500 0
075 B000500 297473
076 000500 0.00
SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 701265
<NAME> Oppenheimer Bond Fund - A
<SERIES>
<NUMBER> 5
<NAME> Convertible Integrity Funds
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 374,024,883
<INVESTMENTS-AT-VALUE> 379,340,635
<RECEIVABLES> 4,774,599
<ASSETS-OTHER> 6,524
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 384,121,758
<PAYABLE-FOR-SECURITIES> 24,995,035
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,601,024
<TOTAL-LIABILITIES> 27,596,059
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 353,474,626
<SHARES-COMMON-STOCK> 22,711,225
<SHARES-COMMON-PRIOR> 17,383,073
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 4,077
<ACCUMULATED-NET-GAINS> (2,327,236)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,382,386
<NET-ASSETS> 246,668,278
<DIVIDEND-INCOME> 313,421
<INTEREST-INCOME> 22,500,912
<OTHER-INCOME> 0
<EXPENSES-NET> 4,222,444
<NET-INVESTMENT-INCOME> 18,591,889
<REALIZED-GAINS-CURRENT> 314,291
<APPREC-INCREASE-CURRENT> (3,076,332)
<NET-CHANGE-FROM-OPS> 15,829,848
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14,076,402
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,120,018
<NUMBER-OF-SHARES-REDEEMED> 4,721,024
<SHARES-REINVESTED> 929,158
<NET-CHANGE-IN-ASSETS> 108,377,057
<ACCUMULATED-NII-PRIOR> 6,579
<ACCUMULATED-GAINS-PRIOR> (2,819,276)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,199,637
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,222,444
<AVERAGE-NET-ASSETS> 217,943,700
<PER-SHARE-NAV-BEGIN> 10.97
<PER-SHARE-NII> 0.71
<PER-SHARE-GAIN-APPREC> (0.11)
<PER-SHARE-DIVIDEND> 0.71
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.86
<EXPENSE-RATIO> 1.22
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 701265
<NAME> Oppenheimer Bond Fund - B
<SERIES>
<NUMBER> 5
<NAME> Convertible Integrity Funds
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 374,024,883
<INVESTMENTS-AT-VALUE> 379,340,635
<RECEIVABLES> 4,774,599
<ASSETS-OTHER> 6,524
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 384,121,758
<PAYABLE-FOR-SECURITIES> 24,995,035
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,601,024
<TOTAL-LIABILITIES> 27,596,059
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 353,474,626
<SHARES-COMMON-STOCK> 8,111,764
<SHARES-COMMON-PRIOR> 4,399,924
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 4,077
<ACCUMULATED-NET-GAINS> (2,327,236)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,382,386
<NET-ASSETS> 88,060,713
<DIVIDEND-INCOME> 313,421
<INTEREST-INCOME> 22,500,912
<OTHER-INCOME> 0
<EXPENSES-NET> 4,222,444
<NET-INVESTMENT-INCOME> 18,591,889
<REALIZED-GAINS-CURRENT> 314,291
<APPREC-INCREASE-CURRENT> (3,076,332)
<NET-CHANGE-FROM-OPS> 15,829,848
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,655,574
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,259,343
<NUMBER-OF-SHARES-REDEEMED> 1,783,066
<SHARES-REINVESTED> 235,563
<NET-CHANGE-IN-ASSETS> 108,377,057
<ACCUMULATED-NII-PRIOR> 6,579
<ACCUMULATED-GAINS-PRIOR> (2,819,276)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,199,637
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,222,444
<AVERAGE-NET-ASSETS> 64,329,887
<PER-SHARE-NAV-BEGIN> 10.97
<PER-SHARE-NII> 0.62
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> 0.63
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.86
<EXPENSE-RATIO> 1.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 701265
<NAME> Oppenheimer Bond Fund - C
<SERIES>
<NUMBER> 5
<NAME> Convertible Integrity Funds
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 374,024,883
<INVESTMENTS-AT-VALUE> 379,340,635
<RECEIVABLES> 4,774,599
<ASSETS-OTHER> 6,524
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 384,121,758
<PAYABLE-FOR-SECURITIES> 24,995,035
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,601,024
<TOTAL-LIABILITIES> 27,596,059
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 353,474,626
<SHARES-COMMON-STOCK> 2,005,876
<SHARES-COMMON-PRIOR> 837,017
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 4,077
<ACCUMULATED-NET-GAINS> (2,327,236)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,382,386
<NET-ASSETS> 21,795,709
<DIVIDEND-INCOME> 313,421
<INTEREST-INCOME> 22,500,912
<OTHER-INCOME> 0
<EXPENSES-NET> 4,222,444
<NET-INVESTMENT-INCOME> 18,591,889
<REALIZED-GAINS-CURRENT> 314,291
<APPREC-INCREASE-CURRENT> (3,076,332)
<NET-CHANGE-FROM-OPS> 15,829,848
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 859,704
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,604,458
<NUMBER-OF-SHARES-REDEEMED> 494,157
<SHARES-REINVESTED> 58,558
<NET-CHANGE-IN-ASSETS> 108,377,057
<ACCUMULATED-NII-PRIOR> 6,579
<ACCUMULATED-GAINS-PRIOR> (2,819,276)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,199,637
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,222,444
<AVERAGE-NET-ASSETS> 15,197,869
<PER-SHARE-NAV-BEGIN> 10.98
<PER-SHARE-NII> 0.62
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> 0.63
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.87
<EXPENSE-RATIO> 1.96
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 701265
<NAME> Oppenheimer Bond Fund - Y
<SERIES>
<NUMBER> 5
<NAME> Convertible Integrity Funds
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 374,024,883
<INVESTMENTS-AT-VALUE> 379,340,635
<RECEIVABLES> 4,774,599
<ASSETS-OTHER> 6,524
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 384,121,758
<PAYABLE-FOR-SECURITIES> 24,995,035
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,601,024
<TOTAL-LIABILITIES> 27,596,059
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 353,474,626
<SHARES-COMMON-STOCK> 92
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 4,077
<ACCUMULATED-NET-GAINS> (2,327,236)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,382,386
<NET-ASSETS> 99
<DIVIDEND-INCOME> 313,421
<INTEREST-INCOME> 22,500,912
<OTHER-INCOME> 0
<EXPENSES-NET> 4,222,444
<NET-INVESTMENT-INCOME> 18,591,889
<REALIZED-GAINS-CURRENT> 314,291
<APPREC-INCREASE-CURRENT> (3,076,332)
<NET-CHANGE-FROM-OPS> 15,829,848
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 47
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 92
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 108,377,057
<ACCUMULATED-NII-PRIOR> 6,579
<ACCUMULATED-GAINS-PRIOR> (2,819,276)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,199,637
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,222,444
<AVERAGE-NET-ASSETS> 1,005
<PER-SHARE-NAV-BEGIN> 10.88
<PER-SHARE-NII> 0.49
<PER-SHARE-GAIN-APPREC> (0.02)
<PER-SHARE-DIVIDEND> 0.49
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.86
<EXPENSE-RATIO> 0.74
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<PAGE>
To the Board of Trustees of
Oppenheimer Bond Fund
In planning and performing our audit of the financial statements of Oppenheimer
Bond Fund, (the "Fund") for the year ended December 31, 1998 (on which we have
issued our report dated January 25, 1999), we considered its internal control,
including control activities for safeguarding securities, in order to determine
our auditing procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of Form N-SAR, and not
to provide assurance on the Fund's internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.
Because of inherent limitations in any internal control, misstatements due to
error or fraud may occur and not be detected. Also, projections of any
evaluation of internal control to future periods are subject to the risk that
the internal control may become inadequate because of changes in conditions, or
that the degree of compliance with policies or procedures may deteriorate.
Our consideration of the Fund's internal control would not necessarily disclose
all matters in the internal control that might be material weaknesses under
standards established by the American Institute of Certified Public Accountants.
A material weakness is a condition in which the design or operation of one or
more of the internal control components does not reduce to a relatively low
level the risk that misstatements caused by error or fraud in amounts that would
be material in relation to the financial statements being audited may occur and
not be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving the
Fund's internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1998.
This report is intended solely for the information and use of management, the
Board of Trustees, and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these specified
parties.
January 25, 1999
The Fund adjusts the classification of distributions to shareholders to
reflect the differences between financial statement amounts and
distributions determined in accordance with income tax regulations.
Accordingly, during the year ended December 31, 1998, amounts have been
reclassified to reflect a decrease in paid-in capital of $166,931, a
decrease in undistributed net investment income of $10,818, and a decrease
in accumulated net realized loss on investments of $177,749.
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