OPPENHEIMER NEW YORK MUNICIPAL FUND
Supplement dated October 5, 2000 to the
Prospectus dated January 21, 2000
The Prospectus is changed as follows:
1. This supplement replaces the Fund's prospectus supplement dated June 26,
2000.
2. The third paragraph entitled "Portfolio Manager" under the section entitled
"How the Fund is Managed" on page 12 is revised in its entirety to read as
follows:
Portfolio Manager. The portfolio manager of the Fund is Jerry Webman. Mr. Webman
is Senior Vice President and Director of the Fixed Income Department of the
Manager. Prior to joining the Manager in February 1996, Mr. Webman was a Vice
President at Prudential Investment Corporation from November, 1990.
3. The second sentence of the first paragraph in the section entitled "Class A
Contingent Deferred Sales Charge" on page 17 is revised to read as follows:
The Distributor pays dealers of record commissions in an amount equal to
0.50% of purchases of $1 million or more (other than purchases by
retirement accounts, which are not permitted in the Fund).
October 5, 2000 PS0360.012
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OPPENHEIMER NEW YORK MUNICIPAL FUND
Supplement dated October 5, 2000 to the
Statement of Additional Information dated January 21, 2000
The Statement of Additional Information is amended as follows:
1. Paragraph 6 on page 31 is deleted in its entirety and replaced with the
following:
Jerry A. Webman, Portfolio Manager, Age: 50.
Two World Trade Center, New York, New York 10048-0203
Senior Vice President, Senior Investment Officer and Director of the
Fixed Income Department of the Manager (since February 1996) and Senior
Vice President of HarbourView Asset Management Corporation (since May
1999); a portfolio manager of other Oppenheimer funds; before joining the
Manager in February 1996, he was a Vice President and portfolio manager
with Prudential Investment Corporation from November, 1990.
October 5, 2000 PX0360.006
