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020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000002 13-5674085
020 C000002 715
020 A000003 BARCLAYS DE ZOETE WEDD SECURITIES, INC. (BZW)
020 B000003 13-3551367
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020 B000004 13-5108880
020 C000004 401
020 A000005 DEUTSCHE BANK CAPITAL CORP.
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<PAGE> PAGE 2
020 A000007 CAPEL (JAMES), INC.
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<PAGE> PAGE 3
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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 074658
<NAME> OPPENHEIMER GLOBAL FUND-A
<S> <C>
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<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 3,337,420,405
<INVESTMENTS-AT-VALUE> 4,477,427,388
<RECEIVABLES> 26,740,346
<ASSETS-OTHER> 188,852
<OTHER-ITEMS-ASSETS> 461,974,339
<TOTAL-ASSETS> 4,966,330,925
<PAYABLE-FOR-SECURITIES> 126,424,510
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 474,301,116
<TOTAL-LIABILITIES> 600,725,626
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,750,303,784
<SHARES-COMMON-STOCK> 69,094,075
<SHARES-COMMON-PRIOR> 64,074,825
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,137,891,220
<NET-ASSETS> 3,407,837,440
<DIVIDEND-INCOME> 51,304,521
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<OTHER-INCOME> 0
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<NET-INVESTMENT-INCOME> 19,306,936
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<NET-CHANGE-FROM-OPS> 1,030,012,546
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 074658
<NAME> OPPENHEIMER GLOBAL FUND-B
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<PAID-IN-CAPITAL-COMMON> 2,750,303,782
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<OTHER-INCOME> 0
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<NET-INVESTMENT-INCOME> 19,306,936
<REALIZED-GAINS-CURRENT> 494,542,865
<APPREC-INCREASE-CURRENT> 516,162,745
<NET-CHANGE-FROM-OPS> 1,030,012,546
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<DISTRIBUTIONS-OF-INCOME> 3,899,147
<DISTRIBUTIONS-OF-GAINS> 20,402,731
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<ACCUMULATED-NII-PRIOR> 19,988,584
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<AVERAGE-NET-ASSETS> 691,844,000
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<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 11.68
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 074658
<NAME> OPPENHEIMER GLOBAL FUND-C
<S> <C>
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<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
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<INVESTMENTS-AT-VALUE> 4,477,427,388
<RECEIVABLES> 26,740,346
<ASSETS-OTHER> 188,852
<OTHER-ITEMS-ASSETS> 461,974,339
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<TOTAL-LIABILITIES> 600,725,626
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<PAID-IN-CAPITAL-COMMON> 2,750,303,782
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<NET-CHANGE-FROM-OPS> 1,030,012,546
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<DISTRIBUTIONS-OF-GAINS> 788,673
<DISTRIBUTIONS-OTHER> 0
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<ACCUMULATED-GAINS-PRIOR> 95,703,909
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</TABLE>
<PAGE>
SHAREHOLDER MEETING (Unaudited)
On February 2, 1997, a special shareholder meeting was held at which the
eleven Trustees identified below were elected, the selection of KPMG Peat
Marwick LLP as the independent certified public accountants and auditors of the
Fund for the fiscal year beginning October 1, 1997 was ratified (Proposal No.
1), the proposed change in the Investments Advisory Agreement between the Fund
and OppenheimerFunds, Inc. was approved (Proposal No. 2), the Fund's Class B
12b-1 Distribution and Service Plan was approved by Class B shareholders
(Proposal No. 3), and the Fund's Class C 12b-1 Distribution and Service Plan was
approved by Class C shareholders (Proposal No. 4) as described in the Fund's
proxy statement for that meeting. The following is a report of the votes cast:
<TABLE>
<CAPTION>
BROKER
NOMINEE/PROPOSAL FOR AGAINST WITHHELD/ABSTAIN NON-VOTES TOTAL
- ------------------------------------------------------------------------------------------------------------------
TRUSTEES
<S> <C> <C> <C> <C> <C>
Leon Levy 46,199,095.781 793,280.641 768,462 46,992,376.422
Robert G. Galli 46,479,003.899 513,372.523 768,462 46,992,376.422
Benjamin Lipstein 46,348,371.078 644,005.344 768,462 46,992,376.422
Bridget A. Macaskill 46,472,809.433 519,566.989 768,462 46,992,376.422
Elizabeth Moynihan 46,373,234.984 619,141.438 768,462 46,992,376.422
Kenneth A. Randall 46,446,896.976 545,479.446 768,462 46,992,376.422
Edward V. Regan 46,461,082.196 531,294.226 768,462 46,992,376.422
Russell S. Reynolds, Jr. 46,257,087.547 717,288.875 768,462 46,992,376.422
Donald W. Spiro 46,379,802.554 594,573.868 768,462 46,992,376.422
Pauline Trigere 46,261,214.949 731,161.473 768,462 46,992,376.422
Clayton K. Yeutter 46,272,647.720 719,728.702 768,462 46,992,376.422
Proposal No. 1 43,693,690.505 363,644.207 1,637,136.268 1,821,129 45,694,490.980
Proposal No. 2 42,337,425.188 856,345.364 2,524,876.601 1,821,133 45,718,647.153
Proposal No. 3 6,925,315.483 224,313.953 458,519.620 2,748,378 7,608,149.056
Proposal No. 4 309,131.462 8,356.534 29,191.918 142,589 346,679.914
</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, 1997, 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, 1997.
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.
KPMG PEAT MARWICK LLP
Denver, Colorado
October 21, 1997
<PAGE>
ACQUISITION OF OPPENHEIMER GLOBAL EMERGING GROWTH FUND
On June 20, 1997, the Fund acquired all the net assets of Oppenheimer Global
Emerging Growth Fund, pursuant to an agreement and plan of reorganization
approved by the Oppenheimer Global Emerging Growth Fund shareholders on June 17,
1997. The Fund issued 3,204,584, 312,088 and 95,479 shares of beneficial
interest for Class A, Class B and Class C, respectively, valued at $145,520,176,
$13,881,679, and $4,297,523, in exchange for the net assets, resulting in
combined Class A net assets of $3,183,354,282, Class B net assets of
$783,786,956 and Class C net assets of $46,691,471 on June 20, 1997. The net
assets acquired included net unrealized appreciation of $36,954,700. The
exchange qualified as a tax-free reorganization for federal income tax purposes.
