OPPENHEIMER TIME FUND
Supplement dated July 1, 1994 to the Prospectus
dated October 1, 1993
The Prospectus is amended as follows:
1. The supplements dated February 25, 1994 and May 1, 1994 to the
Prospectus are hereby replaced.
2. The Fund's shareholders have approved a Service Plan under Rule
12b-1 of the Investment Company Act of 1940 that applies to all shares of
the Fund, regardless of the date on which the shares were purchased. The
Service Plan is effective July 1, 1994. The table on page 2 under the
caption "Annual Fund Operating Expenses" is deleted and replaced with the
following table that shows the Fund's Annual Operating Expenses as if the
Service Plan, effective as of July 1, 1994, had been in effect for the
Fund's fiscal year ended June 30, 1993.
Management Fees 0.74%
12b-1 Service
Plan Fees (restated) 0.15%
Other Expenses 0.22%
Total Fund Operating Expenses 1.11%
3. The hypothetical example on page 2 is deleted and replaced with the
following:
- Examples. To try to show the effect of these expenses on an
investment over time, we have created the hypothetical example shown
below. Assume that you make a $1,000 investment in the Fund, and that
the Fund's annual return is 5%, and that its operating expenses are as
shown in the chart above. If you were to redeem your shares at the end
of each period shown below, your investment would incur the following
expenses by the end of each period shown:
1 year 3 years 5 years 10 years
$68 $91 $115 $185
This example shows the effect of expenses on an investment, but are
not meant to state or predict actual or expected costs or investment
returns of the Fund, all of which will vary.
4. The second paragraph under the caption "Management of the Fund" on
page 8 is deleted in its entirety and replaced with the following:
"Paul LaRocco is Assistant Vice President and Portfolio Manager of the
Fund, and has been the person principally responsible for the day-to-
day management of the Fund's portfolio since March 1, 1994. He is also
an Assistant Vice President of the Manager and an officer of other
OppenheimerFunds. Prior to joining the Manager, Mr. LaRocco was a
Securities Analyst with Columbus Circle Investors, prior to which he
was an Investment Analyst for Chicago Title & Trust Co. For more
information about the Fund's other Officers and Trustees, see "Trustees
and Officers" in the Additional Statement."
5. The first sentence of the second paragraph under the caption
Service Plan on page 14 is revised by deleting the phrase "which are
attributable to sales made on and after April 1, 1991". In addition, the
second sentence in the third paragraph under that caption is deleted.
July 1, 1994 PS381
