OPPENHEIMER GOLD & SPECIAL MINERALS FUND
24F-2NT, 1997-08-27
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2


1.   Name and address of issuer:

          Oppenheimer Gold & Special Minerals Fund
          Two World Trade Center
          New York, NY  10048-0203

2.   Name of each series or class of funds for which this notice is filed:

          Class A, Class B and Class C

3.   Investment Company Act File Number: 811-3694

          Securities Act File Number: 2-82590

4.   Last day of fiscal year for which this notice is filed: 6/30/97

5.   Check box if this  notice is being filed more than 180 days after the close
     of the issuer's fiscal year for purposes of reporting securities sold after
     the close of the fiscal year but before  termination  of the issuer's 24f-2
     declaration:                                                            / /

6.   Date of  termination of issuer's  declaration  under rule  24f-2(a)(1),  if
     applicable (see instruction a.6):

7.   Number and amount of  securities of the same class or series which had been
     registered  under the  Securities  Act of 1933 other than  pursuant to rule
     24f-2 in a prior fiscal year, but which remained unsold at the beginning of
     the fiscal year:

          2,380,889                     $33,570,535

8.   Number and amount of  securities  registered  during the fiscal  year other
     than pursuant to rule 24f-2:

          1,311,797                     $18,522,574

9. Number and aggregate sale price of securities sold during the fiscal year:

          11,457,368                    $158,303,595

10.  Number and aggregate  sale price of securities  sold during the fiscal year
     in reliance upon registration pursuant to rule 24f-2:

          11,457,368                    $158,303,595

11.  Number and aggregate sale price of securities issued during the fiscal year
     in  connection  with  dividend   reinvestment  plans,  if  applicable  (see
     Instruction B.7):

          19,635                        $265,853

12. Calculation of registration fee:

     (i)   Aggregate  sale price of  securities  sold  during the fiscal year in
           reliance on rule 24f-2
           (from Item 10):                                          $158,303,595
                                                                 ---------------
     (ii)  Aggregate   price  of  shares  issued  in  connection  with  dividend
           reinvestment plans (from Item 11, if applicable): 
                                                                       +$265,853
                                                                 ---------------
     (iii) Aggregate price of shares  redeemed or repurchased  during the fiscal
           year (if applicable): 
                                                                   -$158,569,448
                                                                ----------------
     (iv)  Aggregate  price of shares  redeemed or  repurchased  and  previously
           applied as a  reduction  to filing  fees  pursuant  to rule 24e-2 (if
           applicable): 
                                                                        + -0-
                                                                ----------------
     (v)   Net aggregate  price of securities  sold and issued during the fiscal
           year in reliance on rule 24f-2 (line (i),  plus line (ii),  less line
           (iii), plus line (iv)) (if applicable): 
                                                                        $ -0-
                                                                ----------------
     (vi)  Multiplier  prescribed by Section 6(b) of the  Securities Act of 1933
           or other applicable law or regulation (see Instruction C.6): 
                                                                        x 1/3300
                                                                ----------------
     (vii) Fee due (line (i) or line (v) multiplied by
           line (vi)):                                                  $  -0-
                                                                ----------------

Instruction: Issuers should complete line (ii), (iii), (iv), and (v) only if the
             form is being filed within 60 days after the close of the issuer's
             fiscal year.  See Instructions C.3.

13.  Check box if fees are being remitted to the Commission's lockbox depository
     as described in section 3a of the  Commission's  Rule of Informal and Other
     Procedures (17 CFR 202.3a).                                             / /

     Date of mailing or wire transfer of filing fees to the Commission's lockbox
     depository:


                                   SIGNATURES

This  report has been  signed  below by the  following  persons on behalf of the
issuer and in the capacities and on the dates indicated.

                                       Oppenheimer Gold & Special Minerals Fund


                               By: /s/ Robert J. Bishop
                                       -------------------------------------
                                       Robert J. Bishop, Assistant Treasurer

Date: 8/27/97


cc: Ronald Feiman, Esq.
    Katherine Feld
    Gloria LaFond




<PAGE>


                  GORDON ALTMAN BUTOWSKY WEITZEN SHALOV & WEIN
114 WEST 47th STREET                                   NEW YORK, N.Y. 10036-1510
TELEPHONE:(212) 626-0800                               TELECOPIER (212) 626-0799





                                                     August 21, 1997



Oppenheimer Gold & Special Minerals Fund
Two World Trade Center
New York, New York 10048

Ladies and Gentlemen:

     In connection with the public offering of shares of beneficial interest, no
par value  (the  "Shares")  of  Oppenheimer  Gold & Special  Minerals  Fund (the
"Fund"),  we have examined such records and documents and have made such further
investigation  and  examination  as we deemed  necessary for the purpose of this
opinion.

     It is our  opinion  that  the  Shares,  the  registration  of which is made
definite by the accompanying Rule 24f-2 Notice of the Fund, were legally issued,
fully  paid  and  non-assessable  by the  Fund to the  extent  set  forth in its
Prospectus  forming part of its Registration  Statement under the Securities Act
of 1933, as amended.

     We hereby consent to the filing of this opinion with said Notice.


                                                     Very truly yours,

                                                 /s/ GORDON ALTMAN BUTOWSKY
                                                     WEITZEN SHALOV & WEIN



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