OPPENHEIMER U.S. GOVERNMENT TRUST
Supplement dated January 1, 1994 to the Prospectus
dated October 25, 1993
The Prospectus is amended as follows:
1. The following is added after the seventh sentence in the paragraph
following the table captioned "Annual Fund Operating Expenses" on page 2:
"The `Management Fees' shown in this table, when restated to reflect a
voluntary reduction in the Fund's management fees in the current fiscal
year, would be .70% for Class A and Class C shares, and `Total Fund
Operating Expenses' would be 1.15% and 1.91% for Class A and Class C
shares, respectively. Absent such restatement, the `Management Fees' were
.72% for Class A and Class C shares and `Total Fund Operating Expenses'
were 1.17% and 1.93% for Class A and Class C shares, respectively."
2. The paragraph which following the above is hereby deleted and
replaced with the following:
"The following example applies the above-stated expenses, as
restated, and the current maximum sales charge to a hypothetical $1,000
investment in shares of the Fund over the time periods shown below,
assuming a 5% annual rate of return on the investment. The amounts shown
below are the cumulative costs of such hypothetical $1,000 investment for
the periods shown and, except as indicated in lines 3 and 4, assume that
the shares are redeemed at the end of each stated period.
1 year 3 years 5 years 10 years(1)
------- ------- ------- -----------
1. Class A shares $59 $82 $108 $181
2. Class C shares $29 $60 $103 $223
3. Class A shares, assuming no
redemption $59 $82 $108 $181
4. Class C shares, assuming no
redemption $19 $60 $103 $223
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(1) Long-term shareholders of Class C shares could pay the economic
equivalent, through the asset-based sales charge imposed on Class C
shares, of more than the maximum front-end sales charges permitted under
applicable regulatory requirements."
3. The following is added after the third sentence of the second
paragraph under the caption "Management of the Fund" on page 8:
The Manager is voluntarily reducing that management fee by reducing the
rate at each breakpoint by .05% effective January 1, 1994, and by an
additional .05% effective July 1, 1994. It is expected that at the next
Fund shareholders meeting, a new investment advisory agreement, including
these reduced rates, will be presented to shareholders for approval.
January 1, 1994
