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<PAGE> PAGE 2
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020 A000001 FIRST CHICAGO CAPITAL MARKET
020 B000001 36-3595942
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020 A000002 MORGAN GUARANTY TRUST CO.
020 B000002 13-5123346
020 C000002 3326
020 A000003 GOLDMAN, SACHS & CO.
020 B000003 13-5108880
020 C000003 1564
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020 A000006 ZION FIRST NATIONAL BANK
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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> Oppenheimer Global Fund - Class A
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 2,498,748,991
<DIVIDEND-INCOME> 37,315,029
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<DISTRIBUTIONS-OF-GAINS> 20,905,412
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<INVESTMENTS-AT-VALUE> 3,027,733,176
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<DISTRIBUTIONS-OF-GAINS> 131,770
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</TABLE>
<PAGE>
THE BOARD OF TRUSTEES AND SHAREHOLDERS OF
OPPENHEIMER GLOBAL FUND:
In planning and performing our audit of the financial statements of Oppenheimer
Global Fund for the year ended September 30, 1996, we considered its internal
control structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on the internal control structure.
The management of Oppenheimer Global Fund is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we considered to be material weaknesses as defined above as of
September 30, 1996.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission and should not be used for any other purpose.
/S/KPMG PEAT MARWICK LLP
KPMG PEAT MARWICK LLP
Denver, Colorado
October 21, 1996
<PAGE>
During the year ended September 30, 1996, the Fund adjusted the classification
of distributions to shareholders to reflect the differences between the
financial statement amounts and distributions determined in accordance with
income tax regulations. Accordingly, during the year ended September 30, 1996,
amounts have been reclassified to reflect a decrease in undistributed net
investment income and an increase in accumulated net realized gain on
investments of $367,527. In addition, to properly reflect foreign currency gain
in the components of capital, $7,676,004 of foreign exchange gain determined
according to U.S. federal income tax rules has been reclassified from net
realized gain to net investment income.