<PAGE> PAGE 1
000 B000000 06/30/96
000 C000000 0000074676
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 OPPENHEIMER GROWTH FUND
001 B000000 811-2306
001 C000000 2123230200
002 A000000 TWO WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10048
002 D020000 0203
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
012 A000001 OPPENHEIMERFUNDS SERVICES
012 B000001 84-1562
012 C010001 DENVER
012 C020001 CO
012 C030001 80217
018 000000 Y
019 A000000 Y
019 B000000 48
019 C000000 OPPENHEIMR
020 A000001 FIRST CHICAGO CAPITAL MARKET
020 B000001 36-3595942
020 C000001 14376
020 A000002 MORGAN GUARANTY TRUST CO.
020 B000002 13-5123346
020 C000002 3457
020 A000003 PAINEWEBBER, INC.
020 B000003 13-2638166
020 C000003 798
020 A000004 ZION FIRST NATIONAL BANK
020 B000004 87-0189025
020 C000004 532
020 A000005 GOLDMAN, SACHS & CO.
020 B000005 13-5108880
020 C000005 209
020 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000006 13-5674085
020 C000006 95
020 A000007 LEHMAN BROHTERS, INC.
<PAGE> PAGE 2
020 B000007 13-2518466
020 C000007 90
020 A000008 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000008 13-2741729
020 C000008 81
020 A000009 SALOMON BROTHERS, INC.
020 B000009 13-3082694
020 C000009 67
020 A000010 JEFFERIES & CO., INC.
020 B000010 95-2622900
020 C000010 66
021 000000 21015
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001 333019
022 D000001 5449
022 A000002 LEHMAN BROTHERS, INC.
022 B000002 13-2518466
022 C000002 217363
022 D000002 7350
022 A000003 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
022 B000003 13-5674085
022 C000003 158763
022 D000003 3765
022 A000004 FIRST BOSTON CORP. (THE)
022 B000004 13-5659485
022 C000004 134188
022 D000004 409
022 A000005 PAINEWEBBER, INC.
022 B000005 13-2638166
022 C000005 23135
022 D000005 36278
022 A000006 MORGAN (J.P.) SECURITIES, INC.
022 B000006 13-3224016
022 C000006 7038
022 D000006 31192
022 A000007 MORGAN GUARANTY TRUST CO.
022 B000007 13-5123346
022 C000007 37333
022 D000007 0
022 A000008 SALOMON BROTHERS, INC.
022 B000008 13-3082694
022 C000008 17309
022 D000008 18327
022 A000009 DONALDSON, LUFKIN & JENRETTE SECURITIES, CORP
022 B000009 13-2741729
022 C000009 14923
022 D000009 18880
022 A000010 HERZOG, HEINE, GEDULD, INC.
022 B000010 13-1955436
022 C000010 20546
<PAGE> PAGE 3
022 D000010 11224
023 C000000 2534026
023 D000000 311488
028 A010000 30098
028 A020000 -6
028 A030000 0
028 A040000 19241
028 B010000 32042
028 B020000 -5
028 B030000 0
028 B040000 15086
028 C010000 25258
028 C020000 3
028 C030000 0
028 C040000 34509
028 D010000 29282
028 D020000 0
028 D030000 0
028 D040000 28577
028 E010000 38054
028 E020000 0
028 E030000 0
028 E040000 21935
028 F010000 19008
028 F020000 0
028 F030000 0
028 F040000 12774
028 G010000 173742
028 G020000 -8
028 G030000 0
028 G040000 132122
028 H000000 57796
029 000000 Y
030 A000000 3426
030 B000000 5.75
030 C000000 0.00
031 A000000 956
031 B000000 0
032 000000 2470
033 000000 0
034 000000 Y
035 000000 157
036 A000000 N
036 B000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 100
042 E000000 0
042 F000000 0
042 G000000 0
<PAGE> PAGE 4
042 H000000 0
043 000000 2643
044 000000 0
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
<PAGE> PAGE 5
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 317162
071 B000000 308722
071 C000000 811505
071 D000000 38
072 A000000 12
072 B000000 17121
072 C000000 10706
072 D000000 0
072 E000000 0
072 F000000 7558
072 G000000 0
072 H000000 0
072 I000000 1619
072 J000000 65
072 K000000 105
072 L000000 252
072 M000000 134
072 N000000 31
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 36
072 S000000 34
072 T000000 2643
072 U000000 0
072 V000000 0
072 W000000 147
072 X000000 12624
072 Y000000 0
072 Z000000 15203
072AA000000 130369
072BB000000 7257
072CC010000 65684
072CC020000 0
072DD010000 12145
072DD020000 764
072EE000000 102323
073 A010000 0.4055
073 A020000 0.2755
<PAGE> PAGE 6
073 B000000 3.1018
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 399008
074 D000000 0
074 E000000 0
074 F000000 873698
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 2424
074 K000000 0
074 L000000 2110
074 M000000 151
074 N000000 1277391
074 O000000 5015
074 P000000 364
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 2779
074 S000000 0
074 T000000 1269233
074 U010000 33508
074 U020000 3955
074 V010000 33.43
074 V020000 32.74
074 W000000 0.0000
074 X000000 96261
074 Y000000 0
075 A000000 0
075 B000000 1119711
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
<PAGE> PAGE 7
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 68525
081 A000000 Y
081 B000000 90
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
<PAGE>
THE BOARD OF TRUSTEES AND SHAREHOLDERS OF
OPPENHEIMER GROWTH FUND:
In planning and performing our audit of the financial statements of Oppenheimer
Growth Fund for the year ended June 30, 1996, we considered its internal control
structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on the internal control structure.
The management of Oppenheimer Growth Fund is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we considered to be material weaknesses as defined above as of
June 30, 1996.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission and should not be used for any other purpose.
/S/KPMG PEAT MARWICK LLP
Denver, Colorado
July 22, 1996
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 74676
<NAME> Oppenheimer Growth Fund- A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 939,013,033
<INVESTMENTS-AT-VALUE> 1,272,706,620
<RECEIVABLES> 4,533,714
<ASSETS-OTHER> 151,004
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,277,391,338
<PAYABLE-FOR-SECURITIES> 5,015,348
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,142,457
<TOTAL-LIABILITIES> 8,157,805
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 837,674,129
<SHARES-COMMON-STOCK> 33,508,383
<SHARES-COMMON-PRIOR> 27,946,407
<ACCUMULATED-NII-CURRENT> 8,210,351
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 89,655,466
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 333,693,587
<NET-ASSETS> 1,120,045,776
<DIVIDEND-INCOME> 10,705,764
<INTEREST-INCOME> 17,120,681
<OTHER-INCOME> 0
<EXPENSES-NET> 12,623,849
<NET-INVESTMENT-INCOME> 15,202,596
<REALIZED-GAINS-CURRENT> 123,112,424
<APPREC-INCREASE-CURRENT> 65,683,680
<NET-CHANGE-FROM-OPS> 203,998,700
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12,145,385
<DISTRIBUTIONS-OF-GAINS> 92,881,153
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,407,775
<NUMBER-OF-SHARES-REDEEMED> 6,169,610
<SHARES-REINVESTED> 3,323,811
<NET-CHANGE-IN-ASSETS> 362,036,192
<ACCUMULATED-NII-PRIOR> 6,036,689
<ACCUMULATED-GAINS-PRIOR> 68,866,019
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7,558,069
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12,623,849
<AVERAGE-NET-ASSETS> 1,018,022,000
<PER-SHARE-NAV-BEGIN> 30.80
<PER-SHARE-NII> 0.44
<PER-SHARE-GAIN-APPREC> 5.70
<PER-SHARE-DIVIDEND> 0.41
<PER-SHARE-DISTRIBUTIONS> 3.10
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 33.43
<EXPENSE-RATIO> 1.06
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 74676
<NAME> Oppenheimer Growth Fund- B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 939,013,033
<INVESTMENTS-AT-VALUE> 1,272,706,620
<RECEIVABLES> 4,533,714
<ASSETS-OTHER> 151,004
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,277,391,338
<PAYABLE-FOR-SECURITIES> 5,015,348
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,142,457
<TOTAL-LIABILITIES> 8,157,805
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 837,674,129
<SHARES-COMMON-STOCK> 3,955,435
<SHARES-COMMON-PRIOR> 1,425,337
<ACCUMULATED-NII-CURRENT> 8,210,351
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 89,655,466
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 333,693,587
<NET-ASSETS> 129,484,414
<DIVIDEND-INCOME> 10,705,764
<INTEREST-INCOME> 17,120,681
<OTHER-INCOME> 0
<EXPENSES-NET> 12,623,849
<NET-INVESTMENT-INCOME> 15,202,596
<REALIZED-GAINS-CURRENT> 123,112,424
<APPREC-INCREASE-CURRENT> 65,683,680
<NET-CHANGE-FROM-OPS> 203,998,700
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 763,600
<DISTRIBUTIONS-OF-GAINS> 8,596,317
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,119,546
<NUMBER-OF-SHARES-REDEEMED> 877,701
<SHARES-REINVESTED> 288,253
<NET-CHANGE-IN-ASSETS> 362,036,192
<ACCUMULATED-NII-PRIOR> 6,036,689
<ACCUMULATED-GAINS-PRIOR> 68,866,019
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7,558,069
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12,623,849
<AVERAGE-NET-ASSETS> 90,501,000
<PER-SHARE-NAV-BEGIN> 30.36
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> 5.53
<PER-SHARE-DIVIDEND> 0.28
<PER-SHARE-DISTRIBUTIONS> 3.10
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 32.74
<EXPENSE-RATIO> 1.89
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 74676
<NAME> Oppenheimer Growth Fund- C
<S> <C>
<PERIOD-TYPE> 8-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 939,013,033
<INVESTMENTS-AT-VALUE> 1,272,706,620
<RECEIVABLES> 4,533,714
<ASSETS-OTHER> 151,004
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,277,391,338
<PAYABLE-FOR-SECURITIES> 5,015,348
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,142,457
<TOTAL-LIABILITIES> 8,157,805
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 837,674,129
<SHARES-COMMON-STOCK> 108,160
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 8,210,351
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 89,655,466
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 333,693,587
<NET-ASSETS> 3,592,867
<DIVIDEND-INCOME> 10,705,764
<INTEREST-INCOME> 17,120,681
<OTHER-INCOME> 0
<EXPENSES-NET> 12,623,849
<NET-INVESTMENT-INCOME> 15,202,596
<REALIZED-GAINS-CURRENT> 123,112,424
<APPREC-INCREASE-CURRENT> 65,683,680
<NET-CHANGE-FROM-OPS> 203,998,700
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8,006
<DISTRIBUTIONS-OF-GAINS> 61,792
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 111,265
<NUMBER-OF-SHARES-REDEEMED> 5,392
<SHARES-REINVESTED> 2,287
<NET-CHANGE-IN-ASSETS> 362,036,192
<ACCUMULATED-NII-PRIOR> 6,036,689
<ACCUMULATED-GAINS-PRIOR> 68,866,019
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7,558,069
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12,623,849
<AVERAGE-NET-ASSETS> 1,804,000
<PER-SHARE-NAV-BEGIN> 33.44
<PER-SHARE-NII> 0.40
<PER-SHARE-GAIN-APPREC> 2.88
<PER-SHARE-DIVIDEND> 0.40
<PER-SHARE-DISTRIBUTIONS> 3.10
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 33.22
<EXPENSE-RATIO> 1.81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 74676
<NAME> Oppenheimer Growth Fund- Y
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 939,013,033
<INVESTMENTS-AT-VALUE> 1,272,706,620
<RECEIVABLES> 4,533,714
<ASSETS-OTHER> 151,004
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,277,391,338
<PAYABLE-FOR-SECURITIES> 5,015,348
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,142,457
<TOTAL-LIABILITIES> 8,157,805
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 837,674,129
<SHARES-COMMON-STOCK> 482,038
<SHARES-COMMON-PRIOR> 103,550
<ACCUMULATED-NII-CURRENT> 8,210,351
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 89,655,466
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 333,693,587
<NET-ASSETS> 16,110,476
<DIVIDEND-INCOME> 10,705,764
<INTEREST-INCOME> 17,120,681
<OTHER-INCOME> 0
<EXPENSES-NET> 12,623,849
<NET-INVESTMENT-INCOME> 15,202,596
<REALIZED-GAINS-CURRENT> 123,112,424
<APPREC-INCREASE-CURRENT> 65,683,680
<NET-CHANGE-FROM-OPS> 203,998,700
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 111,943
<DISTRIBUTIONS-OF-GAINS> 783,715
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 439,359
<NUMBER-OF-SHARES-REDEEMED> 90,199
<SHARES-REINVESTED> 29,328
<NET-CHANGE-IN-ASSETS> 362,036,192
<ACCUMULATED-NII-PRIOR> 6,036,689
<ACCUMULATED-GAINS-PRIOR> 68,866,019
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7,558,069
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12,623,849
<AVERAGE-NET-ASSETS> 9,384,000
<PER-SHARE-NAV-BEGIN> 30.80
<PER-SHARE-NII> 0.46
<PER-SHARE-GAIN-APPREC> 5.70
<PER-SHARE-DIVIDEND> 0.44
<PER-SHARE-DISTRIBUTIONS> 3.10
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 33.42
<EXPENSE-RATIO> 0.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
