OPPENHEIMER U.S. GOVERNMENT TRUST
Supplement dated January 3, 1995 to the
Prospectus Dated October 25, 1994
The Prospectus is amended as follows:
1. The section entitled "At What Price Are Shares Sold?" on page 13 is
amended by revising the second sentence of the first paragraph to read as
follows: "In most cases, to enable you to receive that day's offering
price, the Distributor must receive your order by the time of day The New
York Stock Exchange closes, which is normally 4:00 P.M., New York time,
but may be earlier on some days (all references to time in this Prospectus
mean 'New York time.'). In that paragraph, the fourth sentence is revised
to read as follows: "If you buy shares through a dealer, the dealer must
receive your order by the close of The New York Stock Exchange on a
regular business day and transmit it to the Distributor so that it is
received before the Distributor's close of business that day, which is
normally 5:00 P.M."
2. The first paragraph of the section entitled "Selling Shares by
Telephone" on page 19 is amended by revising the second sentence to read
as follows: "To receive the redemption price on a regular business day,
your call must be received by the Transfer Agent by the close of The New
York Stock Exchange that day, which is normally 4:00 P.M., but may be
earlier on some days."
3. The section entitled "How To Exchange Shares" is amended by revising
the first sentence in the first "bulleted" paragraph following "Telephone
Exchange Requests" on page 21 to read as follows: "Shares are normally
redeemed from one fund and purchased from the other fund in the exchange
transaction on the same regular business day on which the Transfer Agent
receives an exchange request that is in proper form by the close of The
New York Stock Exchange that day, which is normally 4:00 P.M. but may be
earlier on some days."
4. The first sentence of the section entitled "Net Asset Value Per
Share" under "Shareholder Account Rules and Policies" on page 21 is
revised to read as follows: "Net Asset Value Per Share is determined for
each class of shares as of the close of The New York Stock Exchange on
each regular business day, by dividing the value of the Fund's net assets
attributable to a class by the number of shares of that class that are
outstanding."
January 3, 1995
<PAGE>
OPPENHEIMER U.S. GOVERNMENT TRUST
Supplement dated January 3, 1995, to the
Statement of Additional Information dated October 25, 1994
The Statement of Additional Information is amended as follows:
1. The first sentence of the section entitled "Determination of Net
Asset Value Per Share" under "How To Buy Shares" on page 21 is amended to
read as follows, and a new second sentence is added to that section as
follows: "The net asset values per share of Class A and Class C shares of
the Fund are determined as of the close of business of The New York Stock
Exchange on each day that the Exchange is open by dividing the Fund's net
assets attributable to a class by the number of shares of that class that
are outstanding. The Exchange normally closes at 4:00 P.M., New York
time, but may close earlier on some days (for example, in case of weather
emergencies or on days falling before a holiday)."
2. The section entitled AccountLink on page 22 is revised by replacing
the text after the second sentence with the following: "Dividends will
begin to accrue on shares purchased by the proceeds of ACH transfers on
the business day the Fund receives Federal Funds for the purchase through
the ACH system before the close of The New York Stock Exchange. The
Exchange normally closes at 4:00 P.M., but may close earlier on certain
days. If Federal Funds are received on a business day after the close of
the Exchange, the shares will be purchased and dividends will begin to
accrue on the next regular business day. The proceeds of ACH transfers are
normally received by the Fund 3 days after the transfers are initiated.
The Distributor and the Fund are not responsible for any delays in
purchasing shares resulting from delays in ACH transmissions."
3. The second sentence of the section entitled "Special Arrangements for
Repurchase of Shares From Dealers and Brokers" on page 27 is amended to
read as follows: "The repurchase price per share will be the net asset
value next computed after the Distributor receives the order placed by the
dealer or broker, except that if the Distributor receives a repurchase
order from a dealer or broker after the close of The New York Stock
Exchange on a regular business day, it will be processed at that day's net
asset value if the order was received by the dealer or broker from its
customer prior to the time the Exchange closes (normally, that is 4:00
P.M., but may be earlier on some days) and the order was transmitted to
and received by the Distributor prior to its close of business that day
(normally 5:00 P.M.)."
January 3, 1995
