OPPENHEIMER BOND FUND FOR GROWTH
Supplement dated December 6, 1996
to the Statement of Additional Information dated March 11, 1996
The Statement of Additional Information is amended as follows:
1. The section captioned "Covered Call Option Writing" on
page 7 is revised by deleting the last paragraph of that section
and inserting the following in its place:
The Fund may not sell any covered call options if, as a result
of such sale, the aggregate value of its securities underlying such
options (valued at the lower of the option price or market price)
would exceed 25% of its net assets. This limitation may not be
changed by the Fund without shareholder approval. To secure its
obligation to deliver the underlying security, the Fund, as the
writer of a call option, is required to deposit in escrow with its
custodian the underlying common stock or a security immediately
convertible into the underlying common stock in accordance with the
Rules of the Options Clearing Corporation and of the various
Exchanges.
December 6, 1996 PX0345.002
