OPPENHEIMER MONEY MARKET FUND INC
497, 1997-05-01
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                       OPPENHEIMER MONEY MARKET FUND, INC.
                       Supplement dated May 1, 1997 to the
                       Prospectus dated November 21, 1996

The Prospectus is changed as follows:

1.  The second sentence under "How to Exchange Shares" on page 22 is replaced 
with the following:

When Class A shares acquired by exchange of Class A shares of other  Oppenheimer
funds  purchased  subject  to a Class A  contingent  deferred  sales  charge are
redeemed within 12 months (18 months for shares  purchased prior to May 1, 1997)
of the end of the calendar month of the initial  purchase of the exchanged Class
A shares,  a Class A contingent  deferred  sales charge may be deducted from the
proceeds.

2.  The section captioned "Special Investor Services" on page 18 is revised by 
addingthe following after the sub-section captioned "PhoneLink":

Shareholder  Transactions by Fax.  Beginning May 30, 1997,  requests for certain
account  transactions  may be sent to the  Transfer  Agent by fax  (telecopier).
Please  call   1-800-525-7048  for  information  about  which  transactions  are
included.  Transaction  requests  submitted by fax are subject to the same rules
and restrictions as written and telephone requests described in this Prospectus.




May 1, 1997                                                         PS0200.003







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