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Previous: RECONVERSION TECHNOLOGIES INC, 8-K, 1997-11-26 |
Next: DELAWARE GROUP EQUITY FUNDS IV INC, NSAR-B, 1997-11-26 |
<PAGE> PAGE 1
000 B000000 09/30/97
000 C000000 777547
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 OPPENHEIMER DISCOVERY FUND
001 B000000 811-4410
001 C000000 2123230200
002 A000000 TWO WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10048
002 D020000 0203
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
020 A000001 MORGAN STANLEY & CO., INC.
020 B000001 13-2655998
020 C000001 65
020 A000002 BEAR STEARNS & CO., INC.
020 B000002 13-3299429
020 C000002 62
020 A000003 JEFFERIES & CO., INC.
020 B000003 95-2622900
020 C000003 56
020 A000004 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000004 13-2741729
020 C000004 51
020 A000005 BLAIR (WILLIAM) & CO.
020 B000005 36-2214610
020 C000005 50
020 A000006 CANTOR FITZGERALD & CO., INC.
020 B000006 95-1786286
020 C000006 48
020 A000007 LEHMAN BROTHERS, INC.
020 B000007 13-2518466
020 C000007 35
020 A000008 GERARD, KLAUER, MATTISON & CO., INC.
020 B000008 13-3274080
020 C000008 33
020 A000009 SMITH BARNEY, HARRIS UPHAM & CO., INC.
020 B000009 13-3371860
020 C000009 31
020 A000010 PRUDENTIAL SECURITIES, INC.
<PAGE> PAGE 2
020 B000010 22-2347336
020 C000010 31
021 000000 801
022 A000001 MORGAN GUARANTY TRUST CO.
022 B000001 13-5123346
022 C000001 14619200
022 D000001 0
022 A000002 ZION FIRST NATIONAL BANK
022 B000002 87-0189025
022 C000002 11135594
022 D000002 0
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003 8797134
022 D000003 43563
022 A000004 PAINEWEBBER, INC.
022 B000004 13-2638166
022 C000004 3310500
022 D000004 11784
022 A000005 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
022 B000005 13-5674085
022 C000005 359198
022 D000005 24409
022 A000006 BROWN (ALEX) & SONS, INC.
022 B000006 52-1319768
022 C000006 89149
022 D000006 52660
022 A000007 HAMBRECHT & QUIST, INC.
022 B000007 94-2856935
022 C000007 68843
022 D000007 40353
022 A000008 JEFFERIES & CO., INC.
022 B000008 95-2622900
022 C000008 43826
022 D000008 59027
022 A000009 BEAR STERNS & CO., INC.
022 B000009 13-3299429
022 C000009 46539
022 D000009 47888
022 A000010 SMITH BARNEY, HARRIS UPHAM & CO., INC.
022 B000010 13-3371860
022 C000010 62894
022 D000010 30081
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<PAGE> PAGE 6
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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> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 1,229,825,975
<INVESTMENTS-AT-VALUE> 1,745,454,178
<RECEIVABLES> 32,897,939
<ASSETS-OTHER> 50,241
<OTHER-ITEMS-ASSETS> 396,317
<TOTAL-ASSETS> 1,778,798,675
<PAYABLE-FOR-SECURITIES> 34,189,978
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,869,532
<TOTAL-LIABILITIES> 39,059,510
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,196,345,462
<SHARES-COMMON-STOCK> 25,717,588
<SHARES-COMMON-PRIOR> 22,661,207
<ACCUMULATED-NII-CURRENT> (939,479)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28,704,979
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 515,628,203
<NET-ASSETS> 1,330,171,707
<DIVIDEND-INCOME> 665,221
<INTEREST-INCOME> 14,086,279
<OTHER-INCOME> 0
<EXPENSES-NET> 19,073,112
<NET-INVESTMENT-INCOME> (4,321,612)
<REALIZED-GAINS-CURRENT> 35,559,232
<APPREC-INCREASE-CURRENT> 125,204,282
<NET-CHANGE-FROM-OPS> 156,441,902
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 80,609,827
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,525,612
<NUMBER-OF-SHARES-REDEEMED> 10,273,804
<SHARES-REINVESTED> 1,804,573
<NET-CHANGE-IN-ASSETS> 336,884,854
<ACCUMULATED-NII-PRIOR> (624,556)
<ACCUMULATED-GAINS-PRIOR> 90,047,205
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9,305,515
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,073,112
<AVERAGE-NET-ASSETS> 1,119,302,000
<PER-SHARE-NAV-BEGIN> 51.19
<PER-SHARE-NII> (0.08)
<PER-SHARE-GAIN-APPREC> 4.12
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 3.51
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 51.72
<EXPENSE-RATIO> 1.22
<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> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 1,229,825,975
<INVESTMENTS-AT-VALUE> 1,745,454,178
<RECEIVABLES> 32,897,939
<ASSETS-OTHER> 50,241
<OTHER-ITEMS-ASSETS> 396,317
<TOTAL-ASSETS> 1,778,798,675
<PAYABLE-FOR-SECURITIES> 34,189,978
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,869,532
<TOTAL-LIABILITIES> 39,059,510
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,196,345,462
<SHARES-COMMON-STOCK> 6,435,822
<SHARES-COMMON-PRIOR> 3,865,275
<ACCUMULATED-NII-CURRENT> (939,479)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28,704,979
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 515,628,203
<NET-ASSETS> 322,735,637
<DIVIDEND-INCOME> 665,221
<INTEREST-INCOME> 14,086,279
<OTHER-INCOME> 0
<EXPENSES-NET> 19,073,112
<NET-INVESTMENT-INCOME> (4,321,612)
<REALIZED-GAINS-CURRENT> 35,559,232
<APPREC-INCREASE-CURRENT> 125,204,282
<NET-CHANGE-FROM-OPS> 156,441,902
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 15,203,908
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,023,759
<NUMBER-OF-SHARES-REDEEMED> 1,801,954
<SHARES-REINVESTED> 348,742
<NET-CHANGE-IN-ASSETS> 336,884,854
<ACCUMULATED-NII-PRIOR> (624,556)
<ACCUMULATED-GAINS-PRIOR> 90,047,205
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9,305,515
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,073,112
<AVERAGE-NET-ASSETS> 233,172,000
<PER-SHARE-NAV-BEGIN> 50.10
<PER-SHARE-NII> (0.23)
<PER-SHARE-GAIN-APPREC> 3.79
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 3.51
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 50.15
<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 - C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 1,229,825,975
<INVESTMENTS-AT-VALUE> 1,745,454,178
<RECEIVABLES> 32,897,939
<ASSETS-OTHER> 50,241
<OTHER-ITEMS-ASSETS> 396,317
<TOTAL-ASSETS> 1,778,798,675
<PAYABLE-FOR-SECURITIES> 34,189,978
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,869,532
<TOTAL-LIABILITIES> 39,059,510
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,196,345,462
<SHARES-COMMON-STOCK> 820,376
<SHARES-COMMON-PRIOR> 345,203
<ACCUMULATED-NII-CURRENT> (939,479)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28,704,979
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 515,628,203
<NET-ASSETS> 41,720,225
<DIVIDEND-INCOME> 665,221
<INTEREST-INCOME> 14,086,279
<OTHER-INCOME> 0
<EXPENSES-NET> 19,073,112
<NET-INVESTMENT-INCOME> (4,321,612)
<REALIZED-GAINS-CURRENT> 35,559,232
<APPREC-INCREASE-CURRENT> 125,204,282
<NET-CHANGE-FROM-OPS> 156,441,902
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1,451,890
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,235,025
<NUMBER-OF-SHARES-REDEEMED> 793,137
<SHARES-REINVESTED> 33,285
<NET-CHANGE-IN-ASSETS> 336,884,854
<ACCUMULATED-NII-PRIOR> (624,556)
<ACCUMULATED-GAINS-PRIOR> 90,047,205
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9,305,515
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,073,112
<AVERAGE-NET-ASSETS> 26,361,000
<PER-SHARE-NAV-BEGIN> 50.73
<PER-SHARE-NII> (0.26)
<PER-SHARE-GAIN-APPREC> 3.90
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 3.51
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 50.86
<EXPENSE-RATIO> 1.94
<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
<PAID-IN-CAPITAL-COMMON> 1,112,188,879
<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
<DISTRIBUTIONS-OF-GAINS> 2,352,509
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 357,651
<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
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<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>
<PAGE>
THE BOARD OF TRUSTEES AND SHAREHOLDERS OF
OPPENHEIMER DISCOVERY FUND:
In planning and performing our audit of the financial statements of Oppenheimer
Discovery Fund for the year ended September 30, 1997, we considered its internal
control structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on the internal control structure.
The management of Oppenheimer Discovery Fund is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we considered to be material weaknesses as defined above as of
September 30, 1997.
This report is intended solely for the information and use of management
and the Securities and Exchange Commission and should not be used for any other
purpose.
KPMG PEAT MARWICK LLP
Denver, Colorado
October 21, 1997
<PAGE>
The Fund adjusts the classification of distributions to shareholders to reflect
the differences between financial statement amounts and distributions determined
in accordance with income tax regulations. Accordingly, during the year ended
September 30, 1997, amounts have been reclassified to reflect a decrease in
accumulated net investment loss of $4,006,689, an increase in accumulated net
realized gain on investments of $2,716,676, and a decrease in paid-in capital of
$6,723,365.
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