OPPENHEIMER DISCOVERY FUND, 497, 1994-02-02

OPPENHEIMER DISCOVERY FUND
497, 1994-02-02

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                     OPPENHEIMER DISCOVERY FUND
         Supplement Dated January 20, 1994 to the Prospectus
                       Dated January 20, 1994


        For Residents of the States of Missouri and Wisconsin




     In its operations, the Fund may use the following special
techniques when such use appears appropriate: leverage (borrowing
to purchase securities) and short-term trading.  These techniques
may be considered to be speculative investment methods and may
subject an investment in the Fund to relatively greater risks and
costs than an investment in a mutual fund that does not utilize
such techniques.

January 20, 1994