[ARTICLE] 6
[CIK] 788303
[NAME] OPPENHEIMER LIMITED-TERM GOVERNMENT FUND - Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] SEP-30-2000
[PERIOD-START] OCT-01-1999
[PERIOD-END] MAR-31-2000
[INVESTMENTS-AT-COST] 1,303,956,045
[INVESTMENTS-AT-VALUE] 1,292,632,127
[RECEIVABLES] 110,672,722
[ASSETS-OTHER] 70,968
[OTHER-ITEMS-ASSETS] 82,826
[TOTAL-ASSETS] 1,403,458,643
[PAYABLE-FOR-SECURITIES] 195,292,575
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 25,466,597
[TOTAL-LIABILITIES] 220,759,172
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,245,395,395
[SHARES-COMMON-STOCK] 477,976
[SHARES-COMMON-PRIOR] 6,871
[ACCUMULATED-NII-CURRENT] 2,674,818
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (52,049,823)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (13,320,919)
[NET-ASSETS] 4,722,723
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 47,370,437
[OTHER-INCOME] 0
[EXPENSES-NET] 7,520,449
[NET-INVESTMENT-INCOME] 39,849,988
[REALIZED-GAINS-CURRENT] (28,631,973)
[APPREC-INCREASE-CURRENT] 6,570,726
[NET-CHANGE-FROM-OPS] 17,788,741
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 103,490
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 727,096
[NUMBER-OF-SHARES-REDEEMED] 255,988
[SHARES-REINVESTED] (3)
[NET-CHANGE-IN-ASSETS] (162,084,160)
[ACCUMULATED-NII-PRIOR] 14,065
[ACCUMULATED-GAINS-PRIOR] (23,417,850)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,705,225
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 7,547,322
[AVERAGE-NET-ASSETS] 3,193,000
[PER-SHARE-NAV-BEGIN] 10.03
[PER-SHARE-NII] 0.34
[PER-SHARE-GAIN-APPREC] (0.16)
[PER-SHARE-DIVIDEND] 0.33
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.88
[EXPENSE-RATIO] 0.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
