OPPENHEIMER MORTGAGE INCOME FUND
497, 1995-02-21
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OPPENHEIMER MORTGAGE INCOME FUND
Supplement dated February 21, 1995
to the Prospectus dated January 24, 1995

For Use by Residents of the State of Texas



     This Fund may invest up to 35% of its total assets in debt
     securities rated below investment grade.  These securities,
     commonly known as "junk bonds," are subject to greater market
     fluctuation and risk of loss of principal and interest than debt
     securities in the higher rating categories.







February 21, 1995                                    


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