<PAGE> PAGE 1
000 A000000 12/31/95
000 C000000 0000701382
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 U.S. GOVERNMENT TRUST
001 B000000 811-3430
001 C000000 2123230200
002 A000000 TWO WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10048
002 D020000 0203
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
008 A000001 OPPENHEIMERFUNDS, INC.
008 B000001 A
008 C000001 801-8253
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10048
008 D040001 0203
011 A000001 OPPENHEIMERFUNDS DISTRIBUTOR, INC.
011 B000001 8-22992
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10048
011 C040001 0203
012 A000001 OPPENHEIMERFUNDS SERVICES
012 B000001 84-1562
012 C010001 DENVER
012 C020001 CO
012 C030001 80201
018 000000 Y
019 A000000 Y
019 B000000 42
019 C000000 OPPENHEIMR
020 A000001 GOLDMAN, SACHS & CO.
020 B000001 13-5108880
020 C000001 595
020 A000002 SALOMON BROTHERS, INC.
020 B000002 13-3082694
020 C000002 341
<PAGE> PAGE 2
020 A000003 LEHMAN BROTHERS, INC.
020 B000003 13-2518466
020 C000003 190
020 A000004 BEAR SECURITIES CORP.
020 B000004 13-3299429
020 C000004 174
020 A000005 NOMURA SECURITIES INTERNATIONAL, INC.
020 B000005 13-2642206
020 C000005 75
020 A000006 FIRST CHICAGO CAPITAL MARKET
020 B000006 36-3595942
020 C000006 67
020 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000007 13-2741729
020 C000007 31
020 A000008 MORGAN KEEGAN & CO., INC.
020 B000008 64-0474907
020 C000008 29
020 A000009 MCDONALD & CO. SECURITIES, INC.
020 B000009 34-0642435
020 C000009 21
020 A000010 RICHARDSON GREENSHIELDS SECURITIES, INC.
020 B000010 13-5674856
020 C000010 19
021 000000 1599
022 A000001 SALOMON BROTHERS, INC.
022 B000001 13-3082694
022 C000001 224852
022 D000001 274582
022 A000002 BEAR SECURITIES CORP.
022 B000002 13-3299429
022 C000002 140744
022 D000002 194805
022 A000003 LEHMAN BROTHERS, INC.
022 B000003 13-2518466
022 C000003 137373
022 D000003 182812
022 A000004 NOMURA SECURITIES INTERNATIONAL, INC.
022 B000004 13-2642206
022 C000004 60256
022 D000004 100823
022 A000005 MCDONALD & CO. SECURITIES, INC.
022 B000005 UNKNOWN
022 C000005 97613
022 D000005 52075
022 A000006 MORGAN KEEGAN & CO., INC.
022 B000006 64-0474907
022 C000006 35144
022 D000006 26121
022 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000007 13-2741729
<PAGE> PAGE 3
022 C000007 24353
022 D000007 34761
022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108880
022 C000008 22827
022 D000008 22890
022 A000009 RICHARDSON GREENSHIELDS SECURITIES, INC.
022 B000009 13-5674856
022 C000009 13804
022 D000009 21047
022 A000010 FIRST BOSTON CORP. (THE)
022 B000010 13-5659485
022 C000010 19130
022 D000010 0
023 C000000 1007588
023 D000000 919263
028 A010000 88770
028 A020000 -1
028 A030000 0
028 A040000 6768
028 B010000 6931
028 B020000 1365
028 B030000 0
028 B040000 9600
028 C010000 20891
028 C020000 1896
028 C030000 0
028 C040000 8375
028 D010000 10025
028 D020000 2026
028 D030000 0
028 D040000 6438
028 E010000 138559
028 E020000 1905
028 E030000 0
028 E040000 10657
028 F010000 10065
028 F020000 4845
028 F030000 0
028 F040000 13006
028 G010000 275241
028 G020000 12036
028 G030000 0
028 G040000 54844
028 H000000 28920
029 000000 Y
030 A000000 384
030 B000000 4.75
030 C000000 0.00
031 A000000 114
031 B000000 0
<PAGE> PAGE 4
032 000000 270
033 000000 0
034 000000 Y
035 000000 38
036 A000000 N
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 100
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 615
044 000000 0
055 A000000 Y
055 B000000 N
056 000000 N
057 000000 N
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 31.4
062 N000000 73.3
062 O000000 0.0
062 P000000 0.0
062 Q000000 11.6
062 R000000 0.0
063 A000000 0
063 B000000 17.2
064 A000000 Y
064 B000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
<PAGE> PAGE 5
070 C010000 Y
070 C020000 Y
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 858067
071 B000000 767726
071 C000000 489624
071 D000000 157
072 A000000 6
072 B000000 17932
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 1337
072 G000000 0
072 H000000 0
072 I000000 269
072 J000000 38
072 K000000 65
072 L000000 55
072 M000000 46
072 N000000 45
072 O000000 0
<PAGE> PAGE 6
072 P000000 0
072 Q000000 0
072 R000000 9
072 S000000 21
072 T000000 615
072 U000000 0
072 V000000 0
072 W000000 46
072 X000000 2546
072 Y000000 39
072 Z000000 15425
072AA000000 9097
072BB000000 4869
072CC010000 5040
072CC020000 0
072DD010000 14722
072DD020000 329
072EE000000 0
073 A010000 0.3372
073 A020000 0.2635
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 0
074 D000000 657426
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 113
074 J000000 13517
074 K000000 0
074 L000000 6843
074 M000000 37
074 N000000 677936
074 O000000 107316
074 P000000 168
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 126
074 R040000 5044
074 S000000 0
074 T000000 565282
074 U010000 54196
074 U020000 2466
074 V010000 9.66
074 V020000 9.66
074 W000000 0.0000
074 X000000 27513
<PAGE> PAGE 7
074 Y000000 141898
075 A000000 0
075 B000000 435979
076 000000 0.00
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 Y
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
<PAGE>
ACQUISITION OF OPPENHEIMER MORTGAGE INCOME FUND AND QUEST FOR VALUE U.S.
GOVERNMENT INCOME FUND
On July 28, 1995, the Fund acquired all of the net assets of Oppenheimer
Mortgage Income Fund, pursuant to an Agreement and Plan of Reorganization
approved by the Oppenheimer Mortgage Income Fund shareholders on July 12, 1995.
The Fund issued 8,262,838 and 683,099 shares of Class A and Class B beneficial
interest, respectively, valued at $77,918,563 and $6,434,794 in exchange for the
net assets, resulting in combined Class A net assets of $385,440,401 and Class B
net assets of $6,806,465 on July 28, 1995. The exchange qualifies as a tax-free
reorganization for federal income tax purposes.
On November 24, 1995, the Fund acquired all of the net assets of Quest For Value
U.S. Government Income Fund, pursuant to an Agreement and Plan of Reorganization
approved by the Quest For Value U.S. Government Income Fund shareholders on
September 26, 1995. The Fund issued 10,598,976, 967,755, and 284,411 shares of
Class A, Class B, and Class C beneficial interest, respectively, valued at
$101,114,231, $9,222,705 and $2,710,439 in exchange for the net assets,
resulting in combined Class A net assets of $518,859,988, Class B net assets of
$21,270,443, and Class C net assets of $16,422,311 on November 24, 1995. The
exchange qualifies as a tax-free reorganization for federal income tax purposes.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000701382
<NAME> OPPENHEIMER U.S. GOVERNMENT TRUST - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 643195441
<INVESTMENTS-AT-VALUE> 657538652
<RECEIVABLES> 20360340
<ASSETS-OTHER> 36711
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 677935703
<PAYABLE-FOR-SECURITIES> 107315823
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5337859
<TOTAL-LIABILITIES> 112653682
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 565638168
<SHARES-COMMON-STOCK> 54196215
<SHARES-COMMON-PRIOR> 32870814
<ACCUMULATED-NII-CURRENT> 42547
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14822305)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14423611
<NET-ASSETS> 523794745
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 17931579
<OTHER-INCOME> 0
<EXPENSES-NET> 2506577
<NET-INVESTMENT-INCOME> 15425002
<REALIZED-GAINS-CURRENT> 4228044
<APPREC-INCREASE-CURRENT> 5039536
<NET-CHANGE-FROM-OPS> 24692582
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14721535
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 25306405
<NUMBER-OF-SHARES-REDEEMED> 5184569
<SHARES-REINVESTED> 1203565
<NET-CHANGE-IN-ASSETS> 241656496
<ACCUMULATED-NII-PRIOR> 87075
<ACCUMULATED-GAINS-PRIOR> (19050877)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1336594
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2545559
<AVERAGE-NET-ASSETS> 411013000
<PER-SHARE-NAV-BEGIN> 9.51
<PER-SHARE-NII> .34
<PER-SHARE-GAIN-APPREC> .15
<PER-SHARE-DIVIDEND> .34
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.66
<EXPENSE-RATIO> 1.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000701382
<NAME> OPPENHEIMER U.S. GOVERNMENT TRUST - CLASS B
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-21-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 643195441
<INVESTMENTS-AT-VALUE> 657538652
<RECEIVABLES> 20360340
<ASSETS-OTHER> 36711
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 677935703
<PAYABLE-FOR-SECURITIES> 107315823
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5337859
<TOTAL-LIABILITIES> 112653682
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 565638168
<SHARES-COMMON-STOCK> 2465857
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 42547
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14822305)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14423611
<NET-ASSETS> 23809175
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 17931579
<OTHER-INCOME> 0
<EXPENSES-NET> 2506577
<NET-INVESTMENT-INCOME> 15425002
<REALIZED-GAINS-CURRENT> 4228044
<APPREC-INCREASE-CURRENT> 5039536
<NET-CHANGE-FROM-OPS> 24692582
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 329380
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2621444
<NUMBER-OF-SHARES-REDEEMED> 177093
<SHARES-REINVESTED> 21506
<NET-CHANGE-IN-ASSETS> 241656496
<ACCUMULATED-NII-PRIOR> 87075
<ACCUMULATED-GAINS-PRIOR> (19050877)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1336594
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2545559
<AVERAGE-NET-ASSETS> 11783000
<PER-SHARE-NAV-BEGIN> 9.42
<PER-SHARE-NII> .26
<PER-SHARE-GAIN-APPREC> .24
<PER-SHARE-DIVIDEND> .26
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.66
<EXPENSE-RATIO> 1.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000701382
<NAME> OPPENHEIMER U.S. GOVERNMENT TRUST - CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 643195441
<INVESTMENTS-AT-VALUE> 657538652
<RECEIVABLES> 20360340
<ASSETS-OTHER> 36711
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 677935703
<PAYABLE-FOR-SECURITIES> 107315823
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5337859
<TOTAL-LIABILITIES> 112653682
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 565638168
<SHARES-COMMON-STOCK> 1831190
<SHARES-COMMON-PRIOR> 1159733
<ACCUMULATED-NII-CURRENT> 42547
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14822305)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14423611
<NET-ASSETS> 17678101
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 17931579
<OTHER-INCOME> 0
<EXPENSES-NET> 2506577
<NET-INVESTMENT-INCOME> 15425002
<REALIZED-GAINS-CURRENT> 4228044
<APPREC-INCREASE-CURRENT> 5039536
<NET-CHANGE-FROM-OPS> 24692582
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 418087
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1034174
<NUMBER-OF-SHARES-REDEEMED> 398181
<SHARES-REINVESTED> 35464
<NET-CHANGE-IN-ASSETS> 241656496
<ACCUMULATED-NII-PRIOR> 87075
<ACCUMULATED-GAINS-PRIOR> (19050877)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1336594
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2545559
<AVERAGE-NET-ASSETS> 13183000
<PER-SHARE-NAV-BEGIN> 9.50
<PER-SHARE-NII> .30
<PER-SHARE-GAIN-APPREC> .15
<PER-SHARE-DIVIDEND> .30
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.65
<EXPENSE-RATIO> 1.88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
