OPPENHEIMER MONEY MARKET FUND INC
497, 1998-07-16
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                   OPPENHEIMER MONEY MARKET FUND, INC.
                  Supplement dated July 15, 1998 to the
                   Prospectus dated November 26, 1997


This Supplement to the Prospectus replaces the Supplement dated May 20, 1998 and
changes the Prospectus as follows:

1. The Fund's  address as shown on the back  cover page of the  Prospectus  (Two
World Trade Center,  New York, New York 10048-0203) is deleted and replaced with
the correct address of 6803 South Tucson Way, Englewood, Colorado 80112.

2. The third sentence in the section  entitled "Who Manages the Fund?" on page 4
is deleted and replaced with:

      The Fund's  portfolio  managers,  who are  employed by the Manager and are
      primarily  responsible  for the  selection of the Fund's  securities,  are
      Carol E. Wolf (since 1988) and Arthur J. Zimmer (since July 15, 1998).

2. The section entitled  "Portfolio  Manager" on page 13 is deleted and replaced
with:

      Effective June 15, 1998, the Manager has designated Carol E. Wolf and
      Arthur J. Zimmer as the Portfolio Managers of the Fund.  They are the
      individuals principally responsible for the day to day management of the
      Fund's portfolio.  Ms. Wolf and Mr. Zimmer are also officers of Centennial
      Asset Management Corporation, an investment advisor subsidiary of the
      Manager, and are officers and portfolio managers of other Oppenheimer
      funds.

3.  Effective June 1, 1998,  the second  sentence of the first  paragraph in the
section  entitled  "How to Exchange  Shares" on page 21 is deleted and  replaced
with:

      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 18 months of the end of the calendar month of

                                                      (continued)


<PAGE>


      the initial  purchase of  exchanged  Class A shares,  a Class A contingent
      deferred  sales  charge may be deducted  from the  proceeds.  (A different
      holding period may apply to shares purchased prior to June 1, 1998).

4. A new paragraph entitled  "OppenheimerFunds Internet Web Site" is included in
the section entitled "Special Investor Services" on page 17 as follows:

      OppenheimerFunds  Internet Web Site. Information about the Fund, including
      your  account  balance,  daily  share  prices,  market and Fund  portfolio
      information, may be obtained by visiting the OppenheimerFunds Internet Web
      Site, at the following Internet address:  http://www.oppenheimerfunds.com.
      Additionally,  certain  account  transactions  may  be  requested  by  any
      shareholder  listed in the  registration  on an  account as well as by the
      dealer  representative  of record,  through a special  section of that Web
      Site.  To access  that  section of the Web Site,  you must first  obtain a
      personal   identification  number  ("PIN")  by  calling   OppenheimerFunds
      PhoneLink at  1-800-533-3310.  If you do not wish to have Internet account
      transactions capability for your account, please call our customer service
      representatives  at  1-800-525-7048.  To find out more  information  about
      Internet transactions and procedures, please visit the Web Site.


July 15, 1998                                               PS0200.006


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