OPPENHEIMER GLOBAL FUND
Supplement Dated October 18, 1996
To the Prospectus dated January 25, 1996
The Prospectus is amended as follows:
1. The supplement dated September 13, 1996 is replaced
by this Supplement.
2. The parenthetical in footnote 1 following the table
in the section captioned "Shareholder Transaction Expenses" on
page 3 is revised to read as follows: "($500,000 or more for
purchases by "Retirement Plans," as defined in "Class A
Contingent Deferred Sales Charge" on page 27)."
3. The first and second sentences in the sub-section
captioned "Class A Shares" in "How to Buy Shares-Classes of
Shares" on page 23 are revised to read as follows:
If you buy Class A shares, you may pay an initial sales
charge on investments up to $1 million (up to $500,000
for purchases by "Retirement Plans," as defined in "Class
A Contingent Deferred Sales Charge" on page 27). If you
purchase Class A shares as part of an investment of at
least $1 million ($500,000 for Retirement Plans) in
shares of one or more Oppenheimer funds, you will not pay
an initial sales charge, but if you sell any of those
shares within 18 months of buying them, you may pay a
contingent deferred sales charge.
4. The first and second paragraphs in the section
captioned "Class A Contingent Deferred Sales Charge" on page
27 are revised to read as follows:
There is no initial sales charge on purchases of Class A
shares of any one or more of the Oppenheimer funds in the
following cases:
Purchases aggregating $1 million or more.
Purchases by a retirement plan qualified under sections
401(a) or 401(k) of the Internal Revenue Code, by a non-
qualified deferred compensation plan (not including
Section 457 plans), employee benefit plan, group
retirement plan (see "How to Buy Shares - Retirement
Plans" in the Statement of Additional Information for
further details), an employee's 403(b)(7) custodial plan
account, SEP IRA, SARSEP, or SIMPLE plan (all of these
plans are collectively referred to as "Retirement
Plans"); that: (1) buys shares costing $500,000 or more
or (2) has, at the time of purchase, 100 or more eligible
participants, or (3) certifies that it projects to have
annual plan purchases of $200,000 or more.
Purchases by an OppenheimerFunds Rollover IRA if the
purchases are made (1) through a broker, dealer, bank or
registered investment adviser that has made special
arrangements with the Distributor for these purchases, or
(2) by a direct rollover of a distribution from a
qualified retirement plan if the administrator of that
plan has made special arrangements with the Distributor
for those purchases.
The Distributor pays dealers of record commissions on
those purchases in an amount equal to (i) 1.0% for non-
Retirement Plan accounts, and (ii) for Retirement Plan
accounts, 1.0% of the first $2.5 million, plus 0.50% of
the next $2.5 million, plus 0.25% of purchases over $5
million. That commission will be paid only on those
purchases that were not previously subject to a front-end
sales charge and dealer commission. No sales commission
will be paid to the dealer, broker or financial
institution on sales of Class A shares purchased with the
redemption proceeds of shares of a mutual fund offered as
an investment option in a Retirement Plan in which
Oppenheimer funds are also offered as investment options
under a special arrangement with the Distributor if the
purchase occurs more than 30 days after the addition of
the Oppenheimer funds as an investment option to the
Retirement Plan.
5. Effective January 1, 1997, the second sentence in
the section captioned "Special Arrangements with Dealers" on
page 28 is deleted.
6. The section captioned "Waivers of Class A Sales
Charges - Waivers of Initial and Contingent Deferred Sales
Charges for Certain Purchasers" on page 29 is revised by
adding with the following subparagraph:
(1) investment advisors and financial planners
who charge an advisory, consulting or other fee for
their services and buy shares for their own
accounts or the accounts of their clients, (2)
Retirement Plans and deferred compensation plans
and trusts used to fund those Plans (including, for
example, plans qualified or created under sections
401(a), 403(b) or 457 of the Internal Revenue
Code), and "rabbi trusts" that buy shares for their
own accounts, in each case if those purchases are
made through a broker or agent or other financial
intermediary that has made special arrangements
with the Distributor for those purchases; and (3)
clients of such investment advisors or financial
planners who buy shares for their own accounts may
also purchase shares without sales charge but only
if their accounts are linked to a master account of
their investment advisor or financial planner on
the books and records of the broker, agent or
financial intermediary with which the Distributor
has made such special arrangements (each of these
investors may be charged a fee by the broker, agent
or financial intermediary for purchasing shares).
7. The section captioned "Waivers of Class A Sales
Charges - Waivers of the Class A Contingent Deferred Sales
Charge for Certain Redemptions" on page 31 is revised to read
as follows:
The Class A contingent deferred sales charge is also
waived if shares that would otherwise be subject to the
contingent deferred sales charge are redeemed in the
following cases:
to make Automatic Withdrawal Plan payments
that are limited annually to no more than 12%
of the original account value;
involuntary redemptions of shares by operation
of law or involuntary redemptions of small
accounts (see "Shareholder Account Rules and
Policies," below);
if, at the time a purchase order is placed for
Class A shares that would otherwise be subject
to the Class A contingent deferred sales
charge, the dealer agrees in writing to accept
the dealer's portion of the commission payable
on the sale in installments of 1/18th of the
commission per month ( and no further
commission will be payable if the shares are
redeemed within 18 months of purchase);
for distributions from a TRAC-2000 401(k) plan
sponsored by the Distributor due to the
termination of the TRAC-2000 program.
for distributions from Retirement Plans,
deferred compensation plans or other employee
benefit plans for any of the following
purposes: (1) following the death or
disability (as defined in the Internal Revenue
Code) of the participant or beneficiary (the
death or disability must occur after the
participant's account was established); (2) to
return excess contributions; (3) to return
contributions made due to a mistake of fact;
(4) hardship withdrawals, as defined in the
plan; (5) under a Qualified Domestic Relations
Order, as defined in the Internal Revenue
Code; (6) to meet the minimum distribution
requirements of the Internal Revenue Code; (7)
to establish "substantially equal periodic
payments" as described in Section 72(t) of the
Internal Revenue Code; (8) for retirement
distributions or loans to participants or
beneficiaries; (9) separation from service;
(10) participant-directed redemptions to
purchase shares of a mutual fund (other than a
fund managed by the Manager or its subsidiary)
offered as an investment option in a
Retirement Plan in which Oppenheimer funds are
also offered as investment options under a
special arrangement with the Distributor; or
(11) plan termination or "in-service
distributions", if the redemption proceeds are
rolled over directly to an OppenheimerFunds
IRA.
October 18, 1996 PS0330.015
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OPPENHEIMER GLOBAL FUND
Supplement dated October 18, 1996
to the Statement of Additional Information dated January 25,
1996
The Statement of Additional Information is amended as
follows:
1. The section captioned "How To Buy Shares" on page 30
is revised by adding the following to the end of that section:
Retirement Plans. In describing certain types of
employee benefit plans that may purchase Class A shares
without being subject to the Class A contingent differed sales
charge, the term "employee benefit plan" means any plan or
arrangement, whether or not "qualified" under the Internal
Revenue Code, including, medical savings accounts, payroll
deduction plans or similar plans in which Class A shares are
purchased by a fiduciary or other person for the account of
participants who are employees of a single employer or of
affiliated employers, if the Fund account is registered in the
name of the fiduciary or other person for the benefit of
participants in the plan.
The term "group retirement plan" means any qualified or
non-qualified retirement plan (including 457 plans, SEPs,
SARSEPs, 403(b) plans, and SIMPLE plans) for employees of a
corporation or a sole proprietorship, members and employees of
a partnership or association or other organized group of
persons (the members of which may include other groups), if
the group has made special arrangements with the Distributor
and all members of the group participating in the plan
purchase Class A shares of the Fund through a single
investment dealer, broker or other financial institution
designated by the group.
October 18, 1996 PX0330.001
