OPPENHEIMER LIMITED-TERM GOVERNMENT FUND
Supplement Dated July 1, 1994
to the Prospectus dated May 1, 1994
The Prospectus is amended by adding the following paragraph as a new
second paragraph to the section of the Prospectus captioned "Dividends"
on page 22:
Commencing with the Fund's fiscal quarter beginning July 1, 1994, the
Fund adopted the practice, to the extent consistent with the amount of the
Fund's net investment income and other distributable income, of attempting
to pay dividends on Class A shares at a constant level, although the
amount of such dividends are subject to change from time to time depending
on market conditions, the composition of the Fund's portfolio and expenses
borne by the Fund or borne separately by that Class. The practice of
attempting to pay dividends on Class A shares at a constant level requires
the Manager, consistent with the Fund's investment objectives and
investment restrictions, to monitor the Fund's portfolio and select higher
yielding securities when deemed appropriate to maintain necessary net
investment income levels. The Fund anticipates paying dividends at the
targeted dividend level from net investment income and other distributable
income without any impact on the Fund's net asset value per share. The
Board of Trustees may change the Fund's targeted dividend level at any
time, without prior notice to shareholders; the Fund does not otherwise
have a fixed dividend rate and there can be no assurance as to the payment
of any dividends or the realization of any capital gains.
July 1, 1994
