<PAGE> PAGE 1
000 A000000 12/31/94
000 C000000 0000716836
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 OPPENHEIMER GOLD & SPECIAL MINERALS FUND
001 B000000 811-3694
001 C000000 3036713200
002 A000000 3410 SOUTH GALENA STREET
002 B000000 DENVER
002 C000000 CO
002 D010000 80231
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
062 A000000 N
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
<PAGE> PAGE 2
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
071 A000000 26576
071 B000000 23994
071 C000000 179538
071 D000000 13
072 A000000 6
072 Y000000 0
072 Z000000 308
072AA000000 6099
072BB000000 4228
072CC010000 0
072CC020000 1135
072DD010000 879
072DD020000 0
072EE000000 0
073 A010000 0.0670
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 N000000 180596
074 T000000 178279
075 A000000 0
075 B000000 189019
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 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
<PAGE> PAGE 3
SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000716836
<NAME> OPPENHEIMER GOLD & SPECIAL MINERALS FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 150431673
<INVESTMENTS-AT-VALUE> 177730748
<RECEIVABLES> 2821652
<ASSETS-OTHER> 43538
<OTHER-ITEMS-ASSETS> 87
<TOTAL-ASSETS> 180596025
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2316881
<TOTAL-LIABILITIES> 2316881
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 163015461
<SHARES-COMMON-STOCK> 13360879
<SHARES-COMMON-PRIOR> 13478386
<ACCUMULATED-NII-CURRENT> 222621
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (12257955)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 27299017
<NET-ASSETS> 178279144
<DIVIDEND-INCOME> 1147954
<INTEREST-INCOME> 380831
<OTHER-INCOME> 0
<EXPENSES-NET> 1221198
<NET-INVESTMENT-INCOME> 307587
<REALIZED-GAINS-CURRENT> 1870600
<APPREC-INCREASE-CURRENT> (1135270)
<NET-CHANGE-FROM-OPS> 1042917
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 878719
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8636844
<NUMBER-OF-SHARES-REDEEMED> 8814500
<SHARES-REINVESTED> 60149
<NET-CHANGE-IN-ASSETS> (735714)
<ACCUMULATED-NII-PRIOR> 793753
<ACCUMULATED-GAINS-PRIOR> (14128555)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 714284
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1221198
<AVERAGE-NET-ASSETS> 189019000
<PER-SHARE-NAV-BEGIN> 13.28
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> .10
<PER-SHARE-DIVIDEND> .07
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.34
<EXPENSE-RATIO> 1.28
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
