OPPENHEIMER TIME FUND INC
NSAR-A, 1995-03-01
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000 A000000 12/31/94
000 C000000 074679
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000 J000000 U
001 A000000 OPPENHEIMER TIME FUND
001 B000000 811-02171
001 C000000 2123230200
002 A000000 TWO WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
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002 D020000 0203
003  000000 N
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013 A000001 KPMG PEAT MARWICK LLP
013 B010001 DENVER
013 B020001 CO
013 B030001 80202
018  000000 Y
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019 C000000 OPPENHEIMR
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000001 13-5674085
020 C000001    130
020 A000002 ROBERTSON, STEPHENS, & CO.
020 B000002 94-2524501
020 C000002    120
020 A000003 CANTOR, FITZGERALD & CO., INC.
020 B000003 95-1786286
020 C000003     96
020 A000004 MONTGOMERY SECURITIES
020 B000004 94-1701676
020 C000004     95
020 A000005 GOLDMAN, SACHS & CO.
020 B000005 13-5108880
020 C000005     91
020 A000006 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000006 13-2741729
020 C000006     89
020 A000007 SALOMON BROTHERS, INC.
020 B000007 13-3082694
<PAGE>      PAGE  2
020 C000007     52
020 A000008 FIRST BOSTON CORP. (THE)
020 B000008 13-5659485
020 C000008     50
020 A000009 MORGAN STANLEY & CO., INC.
020 B000009 13-2655998
020 C000009     46
020 A000010 BROWN (ALEX) & SONS, INC.
020 B000010 52-1319768
020 C000010     45
021  000000     1067
022 A000001 FIRST CHICAGO CAPITAL MARKET
022 B000001 36-3595942
022 C000001   5681500
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022 B000002 13-5659485
022 C000002   1050800
022 D000002         0
022 A000003 BANK OF NEW YORK (THE)
022 B000003 13-4941102
022 C000003     59900
022 D000003         0
022 A000004 MORGAN GUARANTY TRUST CO.
022 B000004 13-5123346
022 C000004     53600
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022 A000005 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
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SIGNATURE   GEORGE C. BOWEN                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000074679
<NAME> OPPENHEIMER TIME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-START>                             JUL-01-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                        281347553
<INVESTMENTS-AT-VALUE>                       324451906
<RECEIVABLES>                                  4179836
<ASSETS-OTHER>                                   85809
<OTHER-ITEMS-ASSETS>                            704827
<TOTAL-ASSETS>                               329422378
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      3012077
<TOTAL-LIABILITIES>                            3012077
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     278573569
<SHARES-COMMON-STOCK>                         22387554
<SHARES-COMMON-PRIOR>                         20814080
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           71441
<ACCUMULATED-NET-GAINS>                        4803820
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      43104353
<NET-ASSETS>                                 326410301
<DIVIDEND-INCOME>                               729682
<INTEREST-INCOME>                              1416418
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 2112396
<NET-INVESTMENT-INCOME>                          33704
<REALIZED-GAINS-CURRENT>                       6038525
<APPREC-INCREASE-CURRENT>                      9089329
<NET-CHANGE-FROM-OPS>                         15161558
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                      31962254
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2715506
<NUMBER-OF-SHARES-REDEEMED>                    3261265
<SHARES-REINVESTED>                            2119233
<NET-CHANGE-IN-ASSETS>                         4874175
<ACCUMULATED-NII-PRIOR>                       (105145)
<ACCUMULATED-GAINS-PRIOR>                     30727549
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1212078
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2112396
<AVERAGE-NET-ASSETS>                         325659000
<PER-SHARE-NAV-BEGIN>                            15.45
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                            .70
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         1.57
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.58
<EXPENSE-RATIO>                                   1.29
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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