OPPENHEIMER LIMITED-TERM GOVERNMENT FUND
Supplement dated November 1, 1994 to the
Prospectus dated May 1, 1994,
revised August 4, 1994
The Prospectus is amended as follows:
1. The Fund's supplement dated August 4, 1994 is hereby withdrawn.
2. The following text is added below the Class A sales charge table
in "Class A Shares" on page 14 of the Prospectus:
In addition to paying dealers the regular commission for
sales of Class A shares stated in the sales charge table in
"Class A Shares," and the commission for sales of Class B shares
described in the third paragraph in "Distribution and Service
Plan for Class B Shares" on page 17, the Distributor will pay
the following additional commission for shares of the Fund sold
in "current qualifying transactions" from November 1, 1994,
through December 31, 1994: (1) 1.00% of the offering price of
Class A shares sold by a registered representative of a
participating broker or dealer or a sales representative of a
participating financial institution that has a sales agreement
with the distributor, (2) on each sale of Class A shares made
pursuant to the sales charge waiver arrangement described below
in section 4 of this supplement, 1.00% of the first 2.5 million,
plus .50% of the next $2.5 million, plus .25% of share purchases
over $5 million; if such shares are redeemed less than eighteen
months after the date such shares were sold, the Distributor is
entitled to recover from the dealer or broker on demand this
additional commission, and (3) .50% of the offering price of
Class B shares sold by a registered representative of a
participating broker or dealer or a sales representative of a
participating financial institution that has a sales agreement
with the Distributor. "Current qualifying transactions" are
sales by a registered representative or sales representative in
the amount of $100,000 or more (calculated at offering price)
of Class A and/or Class B shares (if available) of any one or
more of the following OppenheimerFunds: the Fund, Oppenheimer
Global Fund, Oppenheimer Global Growth & Income Fund,
Oppenheimer Champion High Yield Fund, Oppenheimer Growth Fund,
Oppenheimer Main Street Income & Growth Fund and Oppenheimer
Strategic Income Fund. The $100,000 requirement is satisfied
if the aggregate of "previous qualifying transactions" and
"current qualifying transactions" equals or exceeds $100,000.
(continued)
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"Previous qualifying transactions" are sales from October
1, 1994 to October 31, 1994 by a registered representative or
sales representative of Class A and/or Class B shares (if
available) of any one or more of the following OppenheimerFunds:
Oppenheimer Growth Fund, Oppenheimer Global Fund, Oppenheimer
Global Growth & Income Fund, and Oppenheimer Strategic Income
Fund. "Previous qualifying transactions" do not include sales
of Class A shares (a) at net asset value without sales charge,
(b) subject to a contingent deferred sales charge, or (c)
intended but not yet transacted under a Letter of Intent.
"Current qualifying transactions" do not include sales of
Class A shares (a) at net asset value without sales charge
(except as described above in this supplement), (b) subject to
a contingent deferred sales charge (although such sales are
included for purposes of satisfying the $100,000 requirement),
or (c) intended but not yet transacted under a Letter of Intent.
3. The first sentence of the second paragraph under the heading
"Comparing the Fund's Performance to the Market" on page 12 is revised to
read as follows:
The Fund's performance is compared to the performance of
the Lehman Brothers U.S. Government Bond Index, a broad-based,
unmanaged index of U.S. corporate bond issues, U.S. government
securities and mortgage-backed securities, to measure the
performance of the domestic debt securities market.
4. The following text is added after the first sentence of the
first paragraph under the heading "Waivers of Class A Sales Charges" on
page 15:
In addition, no initial or deferred sales charge will be
imposed on Class A shares of the Fund paid for with the
redemption proceeds of shares of a mutual fund other than a
money market fund or a fund managed by the Manager or its
affiliates. This sales charge waiver must be requested when you
buy your shares, and the Distributor may require evidence of
qualification for this waiver.
November 1, 1994
