OPPENHEIMER LIMITED TERM GOVERNMENT FUND
NSAR-A, 1997-05-30
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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>            788303
<NAME>           OPPENHEIMER LIMITED-TERM GOVERNMENT FUND-A
       
<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>                                                                 824,144,956
<INVESTMENTS-AT-VALUE>                                                                815,259,738
<RECEIVABLES>                                                                          28,377,009
<ASSETS-OTHER>                                                                              7,425
<OTHER-ITEMS-ASSETS>                                                                       36,237
<TOTAL-ASSETS>                                                                        843,680,409
<PAYABLE-FOR-SECURITIES>                                                              193,155,148
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               4,622,214
<TOTAL-LIABILITIES>                                                                   197,777,362
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              667,728,345
<SHARES-COMMON-STOCK>                                                                  41,089,320
<SHARES-COMMON-PRIOR>                                                                  42,579,748
<ACCUMULATED-NII-CURRENT>                                                               1,061,171
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                               (15,178,328)
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                               (7,708,141)
<NET-ASSETS>                                                                          418,769,228
<DIVIDEND-INCOME>                                                                               0
<INTEREST-INCOME>                                                                      26,452,707
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          3,677,353
<NET-INVESTMENT-INCOME>                                                                22,775,354
<REALIZED-GAINS-CURRENT>                                                               (3,371,653)
<APPREC-INCREASE-CURRENT>                                                              (2,167,355)
<NET-CHANGE-FROM-OPS>                                                                  17,236,346
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                              14,943,809
<DISTRIBUTIONS-OF-GAINS>                                                                        0
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                12,206,888
<NUMBER-OF-SHARES-REDEEMED>                                                            14,788,474
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<NET-CHANGE-IN-ASSETS>                                                                  3,085,763
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                             (11,806,675)
<OVERDISTRIB-NII-PRIOR>                                                                       186
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   1,407,096
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         3,677,353
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<PER-SHARE-NAV-BEGIN>                                                                          10.26
<PER-SHARE-NII>                                                                                 0.38
<PER-SHARE-GAIN-APPREC>                                                                        (0.09)
<PER-SHARE-DIVIDEND>                                                                            0.36
<PER-SHARE-DISTRIBUTIONS>                                                                       0.00
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            10.19
<EXPENSE-RATIO>                                                                                 0.89
<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>            788303
<NAME>           OPPENHEIMER LIMITED-TERM GOVERNMENT FUND-B
       
<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>                                                                 824,144,956
<INVESTMENTS-AT-VALUE>                                                                815,259,738
<RECEIVABLES>                                                                          28,377,009
<ASSETS-OTHER>                                                                              7,425
<OTHER-ITEMS-ASSETS>                                                                       36,237
<TOTAL-ASSETS>                                                                        843,680,409
<PAYABLE-FOR-SECURITIES>                                                              193,155,148
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               4,622,214
<TOTAL-LIABILITIES>                                                                   197,777,362
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              667,728,345
<SHARES-COMMON-STOCK>                                                                  16,819,947
<SHARES-COMMON-PRIOR>                                                                  15,651,147
<ACCUMULATED-NII-CURRENT>                                                               1,061,171
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                               (15,178,328)
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                               (7,708,141)
<NET-ASSETS>                                                                          171,395,555
<DIVIDEND-INCOME>                                                                               0
<INTEREST-INCOME>                                                                      26,452,707
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          3,677,353
<NET-INVESTMENT-INCOME>                                                                22,775,354
<REALIZED-GAINS-CURRENT>                                                               (3,371,653)
<APPREC-INCREASE-CURRENT>                                                              (2,167,355)
<NET-CHANGE-FROM-OPS>                                                                  17,236,346
<EQUALIZATION>                                                                                  0
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<DISTRIBUTIONS-OTHER>                                                                           0
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<NUMBER-OF-SHARES-REDEEMED>                                                             2,086,729
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<NET-CHANGE-IN-ASSETS>                                                                  3,085,763
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                             (11,806,675)
<OVERDISTRIB-NII-PRIOR>                                                                       186
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   1,407,096
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         3,677,353
<AVERAGE-NET-ASSETS>                                                                  166,131,477
<PER-SHARE-NAV-BEGIN>                                                                          10.26
<PER-SHARE-NII>                                                                                 0.34
<PER-SHARE-GAIN-APPREC>                                                                        (0.09)
<PER-SHARE-DIVIDEND>                                                                            0.32
<PER-SHARE-DISTRIBUTIONS>                                                                       0.00
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            10.19
<EXPENSE-RATIO>                                                                                 1.64
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>            788303
<NAME>           OPPENHEIMER LIMITED-TERM GOVERNMENT FUND-C
       
<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>                                                                 824,144,956
<INVESTMENTS-AT-VALUE>                                                                815,259,738
<RECEIVABLES>                                                                          28,377,009
<ASSETS-OTHER>                                                                              7,425
<OTHER-ITEMS-ASSETS>                                                                       36,237
<TOTAL-ASSETS>                                                                        843,680,409
<PAYABLE-FOR-SECURITIES>                                                              193,155,148
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               4,622,214
<TOTAL-LIABILITIES>                                                                   197,777,362
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              667,728,345
<SHARES-COMMON-STOCK>                                                                   5,476,094
<SHARES-COMMON-PRIOR>                                                                   4,425,539
<ACCUMULATED-NII-CURRENT>                                                               1,061,171
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                               (15,178,328)
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                               (7,708,141)
<NET-ASSETS>                                                                           55,738,264
<DIVIDEND-INCOME>                                                                               0
<INTEREST-INCOME>                                                                      26,452,707
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          3,677,353
<NET-INVESTMENT-INCOME>                                                                22,775,354
<REALIZED-GAINS-CURRENT>                                                               (3,371,653)
<APPREC-INCREASE-CURRENT>                                                              (2,167,355)
<NET-CHANGE-FROM-OPS>                                                                  17,236,346
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                               1,601,847
<DISTRIBUTIONS-OF-GAINS>                                                                        0
<DISTRIBUTIONS-OTHER>                                                                           0
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<NUMBER-OF-SHARES-REDEEMED>                                                             1,143,527
<SHARES-REINVESTED>                                                                       123,200
<NET-CHANGE-IN-ASSETS>                                                                  3,085,763
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                             (11,806,675)
<OVERDISTRIB-NII-PRIOR>                                                                       186
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   1,407,096
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         3,677,353
<AVERAGE-NET-ASSETS>                                                                   51,485,244
<PER-SHARE-NAV-BEGIN>                                                                          10.25
<PER-SHARE-NII>                                                                                 0.34
<PER-SHARE-GAIN-APPREC>                                                                        (0.09)
<PER-SHARE-DIVIDEND>                                                                            0.32
<PER-SHARE-DISTRIBUTIONS>                                                                       0.00
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            10.18
<EXPENSE-RATIO>                                                                                 1.63
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>


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