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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-22-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 1119099
<INTEREST-INCOME> 3458745
<OTHER-INCOME> 0
<EXPENSES-NET> 3720917
<NET-INVESTMENT-INCOME> 856927
<REALIZED-GAINS-CURRENT> 13153661
<APPREC-INCREASE-CURRENT> 33053374
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 530141
<DISTRIBUTIONS-OF-GAINS> 43471356
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 62832905
<NUMBER-OF-SHARES-REDEEMED> 113854898
<SHARES-REINVESTED> 42579767
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 30727549
<OVERDISTRIB-NII-PRIOR> 105145
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2306980
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3720917
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 15.45
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> 2.18
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Oppenheimer Time Fund
5. Acquisition of Oppenheimer Time Fund
<TABLE>
<S> <C>
On June 23, 1995, the Fund acquired all of the net assets of Oppenheimer Time
Fund, pursuant to Oppenheimer an Agreement and Plan of Reorganization approved
by the Oppenheimer Time Fund shareholders Time Fund on June 20, 1995. The
Fund issued 11,277,345 shares of beneficial interest (Class A), valued
at $248,246,176 in exchange for the net assets, resulting in combined Class A
net assets of $686,360,280 on June 23, 1995. The exchange qualifies as a
tax-free reorganization for federal income tax purposes.
</TABLE>
