OPPENHEIMER MORTGAGE INCOME FUND
NSAR-A, 1995-05-26
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<PAGE>      PAGE  1
000 A000000 03/31/95
000 C000000 795640
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 3.0.a
000 J000000 U
001 A000000 OPPENHEIMER MORTGAGE INCOME FUND
001 B000000 811-4712
001 C000000 2123230200
002 A000000 TWO WORLD TRADE CENTER
002 B000000 NEW YORK
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020 A000001 FIRST CHICAGO CAPITAL MARKET
020 B000001 36-3595942
020 C000001      7
020 A000002 GOLDMAN, SACHS & CO.
020 B000002 13-5108880
020 C000002      5
020 A000003 MORGAN KEEGAN & CO., INC.
020 B000003 64-0474907
020 C000003      1
020 A000004 MORGAN STANLEY & CO., INC.
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<PAGE>      PAGE  2
022 B000002 13-4941102
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022 A000003 SHEARSON LEHMAN BROTHERS, INC.
022 B000003 13-2518466
022 C000003      3652
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022 A000004 GOLDMAN, SACHS & CO.
022 B000004 13-5108880
022 C000004      3002
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022 A000005 KIDDER, PEABODY & CO., INC.
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<PAGE>      PAGE  7
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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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                         87737483
<INVESTMENTS-AT-VALUE>                        85981277
<RECEIVABLES>                                  1622709
<ASSETS-OTHER>                                   10514
<OTHER-ITEMS-ASSETS>                            119874
<TOTAL-ASSETS>                                87734374
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       841194
<TOTAL-LIABILITIES>                             841194
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      91771992
<SHARES-COMMON-STOCK>                          6220269
<SHARES-COMMON-PRIOR>                          5998960
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          382917
<ACCUMULATED-NET-GAINS>                      (2739689)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (1756206)
<NET-ASSETS>                                  82103519
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              3979646
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  506419
<NET-INVESTMENT-INCOME>                        3473227
<REALIZED-GAINS-CURRENT>                      (960668)
<APPREC-INCREASE-CURRENT>                      1620768
<NET-CHANGE-FROM-OPS>                          4133327
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      3322950
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2124699
<NUMBER-OF-SHARES-REDEEMED>                    2087386
<SHARES-REINVESTED>                             183996
<NET-CHANGE-IN-ASSETS>                         5569970
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (1779021)
<OVERDISTRIB-NII-PRIOR>                         390141
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           265961
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 506419
<AVERAGE-NET-ASSETS>                          78345000
<PER-SHARE-NAV-BEGIN>                            13.10
<PER-SHARE-NII>                                    .55
<PER-SHARE-GAIN-APPREC>                            .10
<PER-SHARE-DIVIDEND>                               .55
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.20
<EXPENSE-RATIO>                                   1.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                           363077
<SHARES-COMMON-PRIOR>                           207809
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   4789661
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                                0
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       143053
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         260143
<NUMBER-OF-SHARES-REDEEMED>                     111972
<SHARES-REINVESTED>                               7097
<NET-CHANGE-IN-ASSETS>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                      0
<AVERAGE-NET-ASSETS>                           3736000
<PER-SHARE-NAV-BEGIN>                            13.10
<PER-SHARE-NII>                                    .51
<PER-SHARE-GAIN-APPREC>                            .08
<PER-SHARE-DIVIDEND>                               .50
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.19
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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