OPPENHEIMER FUND
Supplement dated July 29, 1994
to the Prospectus dated October 25, 1993
The Prospectus is amended as follows:
1. The supplement dated May 1, 1994 to the Prospectus is hereby
replaced.
2. The Fund's shareholders have approved a Service Plan for Class
A shares under Rule 12b-1 of the Investment Company Act of 1940 that
applies to all Class A shares of the Fund, regardless of the date on which
the shares were purchased. The Service Plan is effective July 1, 1994.
The table on page 3 under the caption "Annual Fund Operating Expenses" is
deleted and replaced with the following table that shows the Fund's Annual
Operating Expenses as if the Service Plan, effective as of July 1, 1994,
had been in effect for the Fund's fiscal year ended June 30, 1993.
Class A Class C
Shares Shares
------- -------
Management Fees 0.75% 0.75%
12b-1 Distribution and/or Service
Plan Fees (restated) 0.14%* 1.00%**
Other Expenses 0.31% 0.31%
----- -----
Total Fund Operating Expenses 1.20% 2.06%
* Service Plan fees only.
** Distribution and Service Plan fees.
3. The hypothetical examples on page 3 are deleted and replaced with the
following:
- Examples. To try to show the effect of these expenses on an
investment over time, we have created the hypothetical examples shown
below. Assume that you make a $1,000 investment in each class of shares
of the Fund, and that the Fund's annual return is 5%, and that its
operating expenses for each class are the ones shown in the chart
above. If you were to redeem your shares at the end of each period
shown below, your investment would incur the following expenses by the
end of each period shown:
1 year 3 years 5 years 10 years(1)
------ ------- ------- --------
Class A Shares $69 $93 $120 $195
Class C Shares $31 $65 $111 $239
If you did not redeem your investment, it would incur the following
expenses:
Class A Shares $69 $93 $120 $195
Class C Shares $21 $65 $111 $239
(1) Because of the asset-based sales charge imposed on Class C shares
of the Fund, long-term shareholders of Class C shares could bear
expenses that would be the economic equivalent of an amount greater
than the maximum front-end sales charges permitted under applicable
regulatory requirements.
These examples show the effect of expenses on an investment, but
are not meant to state or predict actual or expected costs or
investment returns of the Fund, all of which will vary.
4. The first sentence of the second paragraph under the caption Class
A Service Plan on page 13 is revised by deleting the phrase "which are
attributable to sales made on and after April 1, 1991". In addition, the
third sentence in the second paragraph under that caption is deleted.
July 29, 1994 PS400
