OPPENHEIMER GOVERNMENT SECURITIES FUND
Supplement dated April 1, 1994
to the Prospectus dated February 1, 1994
The Prospectus is amended to disclose the following changes, each of
which will take effect on the dates indicated:
1. The Supplement dated February 23, 1994 is hereby rescinded.
2. On or about May 1, 1994, the Fund's name (which appears on the
front and back cover) will become "Oppenheimer Limited-Term Government
Fund."
3. The first paragraph under "The Fund and Its Investment Policies"
on page 6 is amended by adding the following at the end of that paragraph:
"The Fund has adopted a non-fundamental policy, effective May 1, 1994, to
maintain an effective dollar-weighted average portfolio maturity of not
more than three years under normal circumstances. In calculating
maturity, the Fund will consider various factors, including anticipated
payments of principal."
4. The sales charge/commission table for Class A shares on page 12
is revised to add the following for Class A shares sold on or after April
1, 1994:
<TABLE>
<CAPTION>
Front-End
Front-End Sales Charge
Sales Charge as as Approximate Commission as
Percentage of Percentage of Percentage of
Amount of Purchase Offering Price Amount Invested Offering Price
<S> <C> <C> <C>
Less than $100,000 3.50% 3.63% 3.00%
$100,000 or more but
less than $250,000 3.00% 3.09% 2.50%
$250,000 or more but
less than $500,000 2.50% 2.56% 2.00%
$500,000 or more but
less than $1 million 2.00% 2.04% 1.50%
$1 million or more None* None* None*
*See "Class A Contingent Deferred Sales Charge," below.
</TABLE>
<PAGE>
5. The Class B contingent deferred sales charge table appearing on
page 16 is revised to add the following for Class B shares redeemed on or
after April 1, 1994:
Year(s) Since End
of Month In Which Contingent Deferred Sales
Purchase Order Was Charge on Redemptions
Accepted In That Year (as % of Gross
Redemption Proceeds)
0-1 4.0%
1-2 3.0%
2-3 2.0%
3-4 2.0%
4-5 1.0%
5 or more None
6. The first sentence of the third paragraph under the caption
Class B Distribution and Service Plan on page 17 is revised to read as
follows: "The Distributor currently expects to pay sales commissions from
its own resources to authorized dealers or brokers at the time of sale
equal to 2.75% of the purchase price of Fund shares sold by such dealer
or broker, and to advance the first year service fee of 0.25%."
-2-
April 1, 1994
PS855
