OPPENHEIMER DISCOVERY FUND
NSAR-A, 1997-05-30
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000 C000000 777547
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002 A000000 TWO WORLD TRADE CENTER
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020 A000001 GERARD KLAUER MATTISON & CO., INC.
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020 C000001     30
020 A000002 MORGAN STANLEY & CO., INC.
020 B000002 13-2655998
020 C000002     30
020 A000003 GOLDMAN, SACHS & CO.
020 B000003 13-5108880
020 C000003     27
020 A000004 PRUDENTIAL SECURITIES, INC.
020 B000004 22-2347336
020 C000004     26
020 A000005 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000005 13-2741729
<PAGE>      PAGE  2
020 C000005     24
020 A000006 RAYMOND, JAMES & ASSOCIATES, INC.
020 B000006 59-1237041
020 C000006     24
020 A000007 SMITH BARNEY, HARRIS UPHAM & CO., INC.
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020 C000007     21
020 A000008 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
020 B000008 13-5674085
020 C000008     20
020 A000009 SALOMON BROTHERS, INC.
020 B000009 13-3082694
020 C000009     19
020 A000010 SCHRODER WERTHEIM & CO., INC.
020 B000010 13-2697272
020 C000010     18
021  000000      405
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022 B000001 13-5123346
022 C000001   6558300
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022 B000002 13-5108880
022 C000002   5220414
022 D000002         0
022 A000003 ZION FIRST NATIONAL BANK
022 B000003 87-0189025
022 C000003   4021800
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022 C000004   1298260
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022 A000005 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
022 B000005 13-5674085
022 C000005    246370
022 D000005     15160
022 A000006 BROWN (ALEX) & SONS, INC.
022 B000006 52-1319768
022 C000006     57486
022 D000006     22989
022 A000007 HAMBRECHT & QUIST, INC.
022 B000007 94-2856935
022 C000007     47789
022 D000007     22530
022 A000008 MONTGOMERY SECURITIES
022 B000008 94-1701676
022 C000008     33232
022 D000008     32990
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SIGNATURE   GEORGE C. BOWEN                              
TITLE       TREASURER           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>            777547
<NAME>           Oppenheimer Discovery Fund -  A
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       Sep-30-1997
<PERIOD-START>                                                          Oct-01-1996
<PERIOD-END>                                                            Mar-31-1997
<INVESTMENTS-AT-COST>                                                               1,096,224,769
<INVESTMENTS-AT-VALUE>                                                              1,225,512,928
<RECEIVABLES>                                                                          11,934,269
<ASSETS-OTHER>                                                                             22,000
<OTHER-ITEMS-ASSETS>                                                                            0
<TOTAL-ASSETS>                                                                      1,237,469,197
<PAYABLE-FOR-SECURITIES>                                                                1,869,425
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                              13,081,980
<TOTAL-LIABILITIES>                                                                    14,951,405
<SENIOR-EQUITY>                                                                                 0
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<SHARES-COMMON-STOCK>                                                                  24,968,250
<SHARES-COMMON-PRIOR>                                                                  22,661,207
<ACCUMULATED-NII-CURRENT>                                                              (2,133,805)
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                               (12,242,521)
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                              124,705,239
<NET-ASSETS>                                                                          966,974,329
<DIVIDEND-INCOME>                                                                         318,416
<INTEREST-INCOME>                                                                       7,109,592
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          8,937,257
<NET-INVESTMENT-INCOME>                                                                (1,509,249)
<REALIZED-GAINS-CURRENT>                                                               (2,706,983)
<APPREC-INCREASE-CURRENT>                                                            (265,718,682)
<NET-CHANGE-FROM-OPS>                                                                (269,934,914)
<EQUALIZATION>                                                                                  0
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<DISTRIBUTIONS-OF-GAINS>                                                               80,616,230
<DISTRIBUTIONS-OTHER>                                                                           0
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<NET-CHANGE-IN-ASSETS>                                                               (180,336,519)
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<PER-SHARE-NAV-END>                                                                            38.73
<EXPENSE-RATIO>                                                                                 1.20
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>            777547
<NAME>           Oppenheimer Discovery Fund -  B
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       Sep-30-1997
<PERIOD-START>                                                          Oct-01-1996
<PERIOD-END>                                                            Mar-31-1997
<INVESTMENTS-AT-COST>                                                               1,096,224,769
<INVESTMENTS-AT-VALUE>                                                              1,225,512,928
<RECEIVABLES>                                                                          11,934,269
<ASSETS-OTHER>                                                                             22,000
<OTHER-ITEMS-ASSETS>                                                                            0
<TOTAL-ASSETS>                                                                      1,237,469,197
<PAYABLE-FOR-SECURITIES>                                                                1,869,425
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                              13,081,980
<TOTAL-LIABILITIES>                                                                    14,951,405
<SENIOR-EQUITY>                                                                                 0
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<SHARES-COMMON-STOCK>                                                                   5,374,718
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<ACCUMULATED-NII-CURRENT>                                                              (2,133,805)
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                               (12,242,521)
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<NET-ASSETS>                                                                          202,606,474
<DIVIDEND-INCOME>                                                                         318,416
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<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          8,937,257
<NET-INVESTMENT-INCOME>                                                                (1,509,249)
<REALIZED-GAINS-CURRENT>                                                               (2,706,983)
<APPREC-INCREASE-CURRENT>                                                            (265,718,682)
<NET-CHANGE-FROM-OPS>                                                                (269,934,914)
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                                       0
<DISTRIBUTIONS-OF-GAINS>                                                               15,161,997
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                 2,094,377
<NUMBER-OF-SHARES-REDEEMED>                                                               933,730
<SHARES-REINVESTED>                                                                       348,796
<NET-CHANGE-IN-ASSETS>                                                               (180,336,519)
<ACCUMULATED-NII-PRIOR>                                                                  (624,556)
<ACCUMULATED-GAINS-PRIOR>                                                              90,047,205
<OVERDISTRIB-NII-PRIOR>                                                                         0
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<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         8,937,257
<AVERAGE-NET-ASSETS>                                                                  207,245,000
<PER-SHARE-NAV-BEGIN>                                                                          50.10
<PER-SHARE-NII>                                                                                (0.09)
<PER-SHARE-GAIN-APPREC>                                                                        (8.80)
<PER-SHARE-DIVIDEND>                                                                            0.00
<PER-SHARE-DISTRIBUTIONS>                                                                       3.51
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            37.70
<EXPENSE-RATIO>                                                                                 1.96
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>            777547
<NAME>           Oppenheimer Discovery Fund - C
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       Sep-30-1997
<PERIOD-START>                                                          Oct-01-1996
<PERIOD-END>                                                            Mar-31-1997
<INVESTMENTS-AT-COST>                                                               1,096,224,769
<INVESTMENTS-AT-VALUE>                                                              1,225,512,928
<RECEIVABLES>                                                                          11,934,269
<ASSETS-OTHER>                                                                             22,000
<OTHER-ITEMS-ASSETS>                                                                            0
<TOTAL-ASSETS>                                                                      1,237,469,197
<PAYABLE-FOR-SECURITIES>                                                                1,869,425
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                              13,081,980
<TOTAL-LIABILITIES>                                                                    14,951,405
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                            1,112,188,879
<SHARES-COMMON-STOCK>                                                                     588,921
<SHARES-COMMON-PRIOR>                                                                     345,203
<ACCUMULATED-NII-CURRENT>                                                              (2,133,805)
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                               (12,242,521)
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                              124,705,239
<NET-ASSETS>                                                                           22,502,622
<DIVIDEND-INCOME>                                                                         318,416
<INTEREST-INCOME>                                                                       7,109,592
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          8,937,257
<NET-INVESTMENT-INCOME>                                                                (1,509,249)
<REALIZED-GAINS-CURRENT>                                                               (2,706,983)
<APPREC-INCREASE-CURRENT>                                                            (265,718,682)
<NET-CHANGE-FROM-OPS>                                                                (269,934,914)
<EQUALIZATION>                                                                                  0
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<DISTRIBUTIONS-OTHER>                                                                           0
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<NUMBER-OF-SHARES-REDEEMED>                                                               405,758
<SHARES-REINVESTED>                                                                        33,288
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<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         8,937,257
<AVERAGE-NET-ASSETS>                                                                   20,888,000
<PER-SHARE-NAV-BEGIN>                                                                          50.73
<PER-SHARE-NII>                                                                                (0.13)
<PER-SHARE-GAIN-APPREC>                                                                        (8.88)
<PER-SHARE-DIVIDEND>                                                                            0.00
<PER-SHARE-DISTRIBUTIONS>                                                                       3.51
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            38.21
<EXPENSE-RATIO>                                                                                 1.97
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>            777547
<NAME>           Oppenheimer Discovery Fund -  Y
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       Sep-30-1997
<PERIOD-START>                                                          Oct-01-1996
<PERIOD-END>                                                            Mar-31-1997
<INVESTMENTS-AT-COST>                                                               1,096,224,769
<INVESTMENTS-AT-VALUE>                                                              1,225,512,928
<RECEIVABLES>                                                                          11,934,269
<ASSETS-OTHER>                                                                             22,000
<OTHER-ITEMS-ASSETS>                                                                            0
<TOTAL-ASSETS>                                                                      1,237,469,197
<PAYABLE-FOR-SECURITIES>                                                                1,869,425
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                              13,081,980
<TOTAL-LIABILITIES>                                                                    14,951,405
<SENIOR-EQUITY>                                                                                 0
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<SHARES-COMMON-STOCK>                                                                     780,369
<SHARES-COMMON-PRIOR>                                                                     614,713
<ACCUMULATED-NII-CURRENT>                                                              (2,133,805)
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                               (12,242,521)
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                              124,705,239
<NET-ASSETS>                                                                           30,434,367
<DIVIDEND-INCOME>                                                                         318,416
<INTEREST-INCOME>                                                                       7,109,592
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          8,937,257
<NET-INVESTMENT-INCOME>                                                                (1,509,249)
<REALIZED-GAINS-CURRENT>                                                               (2,706,983)
<APPREC-INCREASE-CURRENT>                                                            (265,718,682)
<NET-CHANGE-FROM-OPS>                                                                (269,934,914)
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                                       0
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<DISTRIBUTIONS-OTHER>                                                                           0
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<NUMBER-OF-SHARES-REDEEMED>                                                               245,583
<SHARES-REINVESTED>                                                                        53,588
<NET-CHANGE-IN-ASSETS>                                                               (180,336,519)
<ACCUMULATED-NII-PRIOR>                                                                  (624,556)
<ACCUMULATED-GAINS-PRIOR>                                                              90,047,205
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<GROSS-ADVISORY-FEES>                                                                   4,492,005
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         8,937,257
<AVERAGE-NET-ASSETS>                                                                   32,363,000
<PER-SHARE-NAV-BEGIN>                                                                          51.44
<PER-SHARE-NII>                                                                                 0.02
<PER-SHARE-GAIN-APPREC>                                                                        (8.95)
<PER-SHARE-DIVIDEND>                                                                            0.00
<PER-SHARE-DISTRIBUTIONS>                                                                       3.51
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            39.00
<EXPENSE-RATIO>                                                                                 0.86
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>


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