OPPENHEIMER GLOBAL FUND
Supplement Dated February 28, 1996 to the
Prospectus dated January 25, 1996
The following Prospectus is hereby amended as follows:
1. The paragraph captioned "Foreign Securities" on page 12 is deleted
and replaced with the following:
- Foreign Securities. The Fund will normally invest
a substantial amount of its assets in foreign
securities. Foreign securities are those that are
traded primarily on a foreign securities exchange or
in the foreign over-the-counter markets. The Fund
can invest up to 100% of its assets in foreign
securities. The Fund may purchase equity (and debt)
securities issued or guaranteed by foreign companies
or foreign governments or their agencies. The Fund
may buy securities of companies or governments in any
country developed or underdeveloped.
The Fund does not limit its investments in bonds and
debentures to issues having specified credit ratings.
The Fund may invest in debt securities rated below
"investment grade" (investment grade securities are
generally those in the four highest rating categories
of Moody's Investors Service, Inc. or Standard &
Poor's Corporation). Debt securities are subject to
changes in value due to changes in prevailing
interest rates. The values of outstanding debt
securities rise when prevailing interest rates
decline, and decline when prevailing interest rates
rise. The Manager does not currently intend to
invest more than 5% of the Fund's assets in debt
securities.
The Fund will hold foreign currency only in
connection with the purchase or sale of foreign
securities. If the Fund's securities are held
abroad, the countries in which they are held and the
sub-custodians holding them must be approved by the
Fund's Board of Trustees.
February 28, 1996 PS0330.013
