OPPENHEIMER LIMITED-TERM GOVERNMENT FUND
Supplement Dated March 31, 1995 to the
Prospectus Dated February 1, 1995
The Prospectus is amended as follows:
1. Under "Expenses" on page 3, the chart "Shareholder Transaction
Expenses" is amended by deleting the references to the $5.00 fee for
"Exchanges" and inserting "None" on that line under the headings for
Class A Shares, Class B Shares and Class C Shares; footnote 3 is deleted
from that chart.
2. Under "How Long Do You Expect to Hold Your Investment?" in "How to
Buy Shares" on page 16, the third paragraph replaced by the following:
For most investors who invest $500,000 or more, in most cases
Class A shares will be the more advantageous choice, no matter
how long you intend to hold your shares. For that reason, the
Distributor normally will not accept purchase orders of $500,000
or more for Class B shares from a single investor. For similar
reasons, the Distributor normally will not accept purchase
orders of $1 million or more for Class C shares from a single
investor.
3. Under "Waivers of Class A Sales Charges" in "Reduced Sales Charges
for Class A Share Purchases," the first sentence in the first full
paragraph of that subsection on page 20 is amended by adding a new section
(d) after section (c) as follows:
. . . . or (d) purchased and paid for with the redemption
proceeds of shares of a mutual fund, other than a money market
fund or another fund managed by the Manager or any of its
affiliates (this waiver must be requested when you or your
dealer places the purchase order for your shares of the Fund,
and the Distributor may require evidence of your qualification
for this waiver).
4. Under the subheading "Telephone Redemptions Through AccountLink or
By Wire," the last sentence of the second paragraph of that subsection,
starting on page 25 and carrying over to page 26, is deleted.
5. Under "Checkwriting" on page 26, the last paragraph in that
subsection is deleted.
6. The second and third sentences in the first paragraph of "How To
Exchange Shares" on page 26 are deleted.
March 31, 1995
