OPPENHEIMER INSURED TAX-EXEMPT FUND
Supplement Dated October 10, 1996
to the Prospectus dated February 1, 1996
The Prospectus is amended as follows:
1. Effective October 10, 1996, the name of the Fund has been changed to
"Oppenheimer Insured Municipal Fund" and all references to the name of the
Fund on the front cover page and throughout the Prospectus are changed to
reflect the new name.
2. The name "Oppenheimer Tax-Exempt Fund" is changed to "Oppenheimer
Municipal Fund" and all references to the name of the Fund on the front
cover page and throughout the Prospectus are changed to reflect the new
name.
October 10, 1996 PS0865.004
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OPPENHEIMER INSURED TAX-EXEMPT FUND
Supplement dated October 10, 1996 to the
Statement of Additional Information dated February 1, 1996
The Statement of Additional Information is amended as follows:
1. Effective October 10, 1996, the name of the Fund has been changed
to "Oppenheimer Insured Municipal Fund" and all references to the
name of the Fund on the front cover page and throughout the Statement
of Additional Information are changed to reflect the new name.
2. The name "Oppenheimer Tax-Exempt Fund" on the front cover page
is changed to read "Oppenheimer Municipal Fund."
October 10, 1996 PX0865.003
