OPPENHEIMER GLOBAL FUND
Supplement dated January 3, 1995 to
the Prospectus dated January 25, 1994
The Prospectus is hereby amended as follows:
1. Section 6 of the supplement dated September 30, 1994, and the second
sentence of the second paragraph under the caption "Management of the
Fund" on page 10, are deleted and replaced with the following:
Effective June 27, 1994, under a new investment advisory
agreement that was approved by the Fund's shareholders at a
meeting called for June 20, 1994, the Fund pays the Manager the
following annual fees, which decline on additional assets as the
Fund grows: 0.80% of the first $250 million of aggregate net
assets, 0.77% of the next $250 million, 0.75% of the next $500
million, 0.69% of the next $1 billion, and 0.67% of assets over
$2 billion. Effective January 3, 1995, the Manager has
voluntarily agreed to reduce the fee on assets over $3.5 billion
to 0.65%. The management fee rates that were in effect in the
fiscal year ended September 30, 1994, prior to June 27, 1994,
were: 0.75% of the first $200 million of aggregate net assets,
0.72% of the next $200 million, 0.69% of the next $200 million,
0.66% of the next $200 million, 0.60% of the next $200 million
and 0.57% of net assets over $1 billion.
2. The first sentence of the fifth paragraph under the caption
"Alternative Sales Arrangements" on page 11 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 each day
that Exchange is open (a "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.
3. The first and second sentences of the sixth paragraph under the caption
"Alternative Sales Arrangements" on page 12 are revised 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").
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.
4. The second sentence of the first paragraph under the caption "Class A
Shares" on page 12 is revised to read as follows:
The offering price is determined as of the close of The New York
Stock Exchange on each regular business day.
5. The following text is added below the Class A sales charge table in
"Class A Shares" on page 12 of the Prospectus:
In addition to paying dealers the regular commission for
sales of Class A shares stated in the sales charge table above,
and the commission for sales of Class B shares described in
"Class B Distribution and Service Plan" on page 17 below, the
Distributor will pay the following additional commission for
shares of the Fund sold in "qualifying transactions" from
January 16, 1995, through April 17, 1995: (1) .75% of the
offering price of Class A shares and (2) .50% of the offering
price of Class B shares sold by a registered representative of
a participating broker or dealer or a sales representative of
a participating financial institution that has a sales agreement
with the Distributor. "Qualifying transactions" are sales in
the amount of $150,000 or more (calculated at offering price)
of Class A and/or Class B shares (if available) of any one or
more of the following OppenheimerFunds: the Fund, Oppenheimer
Main Street Income & Growth Fund, Oppenheimer Champion High
Yield Fund, Oppenheimer Total Return Fund, Inc., Oppenheimer
High Yield Fund, Oppenheimer Strategic Income Fund, and
Oppenheimer Limited-Term Government Fund. "Qualifying
transactions" do not include sales of Class A shares (a) at net
asset value without sales charge, (b) subject to a contingent
deferred sales charge, or (c) intended but not yet transacted
under a Letter of Intent.
6. The paragraph captioned "AccountLink" on page 18 is revised by
replacing the text after the eighth 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.
7. The sixth sentence of the first paragraph under the caption "Telephone
Redemptions" on page 20 is revised 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."
8. The second sentence of the first paragraph under the caption
"Repurchase" beginning on page 21 is revised 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 the 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.).
9. The fourth sentence of the paragraph captioned "How to Exchange Shares"
on page 23 is revised 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.
January 3, 1995
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OPPENHEIMER GLOBAL FUND
Supplement Dated January 3, 1995
To the Statement of Additional Information Dated January 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 "Purchase, Redemption and Pricing of Shares"
on page 18 is amended to read as follows, and a new second sentence
is added to that section as follows:
"The net asset value per share of Class A and Class B shares of
the Fund are determined as of the close of business of The New
York Stock Exchange (the "NYSE") on each day that the NYSE 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
NYSE 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 third sentence of the paragraph captioned "AccountLink" on page
30 is revised to read as follows:
"Dividends will begin to accrue on such shares on the day the
Fund receives Federal Funds for such purchase through the ACH
system before the close of The New York Stock Exchange that day,
which is normally three days after the ACH transfer is
initiated."
January 3, 1995
