OPPENHEIMER MONEY MARKET FUND INC
497, 1995-01-05
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OPPENHEIMER MONEY MARKET FUND, INC.
Supplement dated January 3, 1995 to the 
Prospectus dated May 1, 1994

     The Prospectus is amended as follows:

     1.  Under the heading "Guaranteed Payment" on page 10, the first
sentence is revised to read as follows: "Broker-dealers that have sales
agreements with the Distributor may place purchase orders for shares with
the Distributor before the close of The New York Stock Exchange on a
regular business day, and the order will be effected that day if the
broker-dealer guarantees that the Fund's custodian bank will receive
Federal Funds to pay for the purchase by 2:00 P.M. on the next regular
business day."

     2.  The second paragraph of the section entitled "At What Price Are
Shares Sold?" on page 10 is amended by revising the first sentence of that
paragraph to read as follows: "In most cases, the Distributor must receive
your order by the time of day The New York Stock Exchange closes to enable
your order to be effected that day.  The close of the Exchange is normally
4:00 P.M., New York time, but may be earlier on some days (all references
to time in this Prospectus mean 'New York time')."  The third sentence of
that paragraph is revised to read as follows: "If you buy shares through
a dealer, unless your dealer uses the 'guaranteed payment' procedure
described above, the dealer must receive your order by the close of The
New York Stock Exchange on a regular business day and transmit it to the
Distributor so that it is received before the Distributor's close of
business that day, which is normally 5:00 P.M."

     3.  The section entitled "Selling Shares by Telephone" on page 12 is
amended by revising the second sentence of the first paragraph to read as
follows: "To receive the redemption price on a regular business day, your
call must be received by the Transfer Agent by the close of The New York
Stock Exchange that day, which is normally 4:00 P.M., but may be earlier
on some days."

     4.  In the section entitled "How To Exchange Shares," the first
sentence in the first "bulleted" paragraph following "Telephone Exchange
Requests" on page 14 is revised to read as follows: "Shares are normally
redeemed from one fund and purchased from the other fund in the exchange
transaction on the same regular business day on which the Transfer Agent
receives an exchange request that is in proper form by the close of The
New York Stock Exchange that day, which is normally 4:00 P.M. but may be
earlier on some days."

(continued)

     5.  The first sentence of the section entitled "Net Asset Value Per
Share" under "Shareholder Account Rules and Policies" on page 14 is
revised to read as follows: "Net Asset Value Per Share is determined as
of the close of The New York Stock Exchange, on each regular business day
by dividing the value of the Fund's net assets by the number of shares of
the Fund that are outstanding.  The net asset value will remain fixed at
$1.00 except under extraordinary circumstances.  Please refer to
"Determination of Net Asset Value Per Share" in the Statement of
Additional Information for a more detailed discussion."



January 3, 1995
<PAGE>

OPPENHEIMER MONEY MARKET FUND, INC.
Supplement dated January 3, 1995, to the
Statement of Additional Information dated May 1, 1994

The Statement of Additional Information is amended as follows:

1.   The first sentence of the section entitled "Determination of Net
Asset Value Per Share" under "How To Buy Shares" on page 12 is amended to
read as follows, and a new second sentence is added to that section as
follows: "The net asset value per share of the Fund is determined as of
the close of business of The New York Stock Exchange on each day that the
Exchange is open, by dividing the Fund's net assets by the number of
shares that are outstanding.  The Exchange normally closes at 4:00 P.M.,
New York time, but may close earlier on some days (for example, in case
of weather emergencies or on days falling before a holiday)."

2.   The section entitled AccountLink on page 13 is revised by replacing
the text after the second sentence with the following: "Dividends will
begin to accrue on shares purchased by the proceeds of ACH transfers on
the business day the Fund receives Federal Funds for the purchase through
the ACH system before the close of The New York Stock Exchange. The
Exchange normally closes at 4:00 P.M., but may close earlier on certain
days.  If Federal Funds are received on a business day after the close of
the Exchange, the shares will be purchased and dividends will begin to
accrue on the next regular business day. The proceeds of ACH transfers are
normally received by the Fund 3 days after the transfers are initiated. 
The Distributor and the Fund are not responsible for any delays in
purchasing shares resulting from delays in ACH transmissions."

3.   The second sentence of the section entitled "Special Arrangements for
Repurchase of Shares From Dealers and Brokers" on page 15 is amended to
read as follows: "The repurchase price per share will be the net asset
value next computed after the Distributor receives the order placed by the
dealer or broker, except that if the Distributor receives a repurchase
order from a dealer or broker after the close of The New York Stock
Exchange on a regular business day, it will be processed at that day's net
asset value if the order was received by the dealer or broker from its
customer prior to the time the Exchange closes (normally, that is 4:00
P.M., but may be earlier on some days) and the order was transmitted to
and received by the Distributor prior to its close of business that day
(normally 5:00 P.M.)."

January 3, 1995



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