OPPENHEIMER SPECIAL FUND INC
497, 1994-09-28
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OPPENHEIMER SPECIAL FUND
Supplement dated October 1, 1994 to the 
Prospectus dated April 1, 1994

     The Prospectus is amended by adding the following text directly below
the Class A sales charge table in "Class A Shares" on page 12 of the
Prospectus:

          In addition to paying dealers the regular commission for
     sales of Class A shares stated in the sales charge table in
     "Class A Shares," and the commission for sales of Class B shares
     described in the third paragraph in "Class B Distribution and
     Service Plan" on page 18, below, the Distributor will pay the
     following additional commission for shares of the Fund sold in
     "qualifying transactions" from October 1, 1994, through December
     31, 1994: (1) 1.00% of the offering price of Class A shares and
     (2) .50% of the offering price of Class B shares sold by a
     registered representative of a participating broker or dealer
     or a sales representative of a participating financial
     institution that has a sales agreement with the Distributor. 
     "Qualifying transactions" are sales by a registered
     representative or sales representative in the amount of $100,000
     or more (calculated at offering price) of Class A and/or Class
     B shares (if available) of any one or more of the following
     OppenheimerFunds:  the Fund, Oppenheimer Global Fund,
     Oppenheimer Global Growth & Income Fund, and Oppenheimer
     Strategic Income Fund.  "Qualifying transactions" do not include
     sales of Class A shares (a) at net asset value without sales
     charge, (b) subject to a contingent deferred sales charge, or
     (c) intended but not yet transacted under a Letter of Intent.

October 1, 1994                                                PS270     
                                                    


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