OPPENHEIMER GLOBAL FUND
497, 1995-08-07
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                                  OPPENHEIMER GLOBAL FUND
                          Supplement dated August 7, 1995 to the 
                 Prospectus dated February 1, 1995, Revised July 20, 1995

      The Prospectus is amended by adding the following text to the
paragraph immediately below the sales charge table in "Class A Shares" on
page 25 of the Prospectus:

            In addition to paying dealers the regular commission for
      sales of Class A shares stated in the sales charge table in
      "Class A Shares," and the commission for sales of Class B shares
      described in the third paragraph in "Distribution and Service
      Plan for Class B Shares" on page 32 of this Prospectus, the
      Distributor will pay additional commission to participating
      brokers, dealers or financial institutions that have a sales
      agreement with the Distributor (these are referred to as
      "participating firms") for shares of the Fund sold in
      "qualifying transactions" from May 15, 1995, through August 18,
      1995 under the following conditions.  The Distributor will pay
      (1) 0.75% of the offering price of Class A shares sold by a
      registered representative or sales representative of a
      participating firm, and (2) .50% of the offering price of Class
      B shares sold by a registered representative or sales
      representative of a participating firm.  

            "Qualifying transactions" are sales by a registered
      representative or sales representative in the amount of $150,000
      or more (calculated at offering price) of Class A and/or Class
      B shares (if offered) of any one or more of the following
      OppenheimerFunds:  the Fund, Oppenheimer Main Street Income &
      Growth Fund, Oppenheimer Total Return Fund, Inc., Oppenheimer
      Champion High Yield Fund, Oppenheimer Growth Fund, Oppenheimer
      Limited-Term Government Fund and Oppenheimer Strategic Income
      Fund.  "Qualifying transactions" do not include sales of Class
      A shares (a) at net asset value without sales charge, or (b)
      subject to a contingent deferred sales charge, or (c) intended
      but not yet transacted under a Letter of Intent.  However, if
      Class A shares of the Fund or any of the other OppenheimerFunds
      listed above are purchased at net asset value without sales
      charge from May 15, 1995, through August 18, 1995, with the
      proceeds of shares redeemed within the prior 12 months from
      another mutual fund (other than a fund managed by the Manager
      or one of its affiliates) on which an initial sales charge or
      contingent deferred sales charge was paid, the amount of that
      purchase will count toward the $150,000 qualifying amount
      described above (but not for the payment of additional
      commission).

August 7, 1995



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