OPPENHEIMER TAX EXEMPT BOND FUND
NSAR-A, 1996-05-28
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<PAGE>      PAGE  1
000 A000000 03/31/96
000 C000000 799102
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 OPPENHEIMER TAX-EXEMPT FUND
001 B000000 811-4803
001 C000000 3036713200
002 A000000 3410 SOUTH GALENA STREET
002 B000000 DENVER
002 C000000 CO
002 D010000 80231
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 OPPENHEIMER INTERMEDIATE TAX-EXEMPT FUND
007 C030100 N
007 C010200  2
007 C020200 OPPENHEIMER INSURED TAX-EXEMPT FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 OPPENHEIMERFUNDS, INC.
008 B00AA01 A
008 C00AA01 801-8253
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10048
008 D04AA01 0203
008 A00AA02 DELETE
011 A00AA01 OPPENHEIMERFUNDS DISTRIBUTOR, INC.
011 B00AA01 8-22992
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10048
011 C04AA01 0203
012 A00AA01 OPPENHEIMERFUNDS SERVICES
<PAGE>      PAGE  2
012 B00AA01 84-907
012 C01AA01 DENVER
012 C02AA01 CO
012 C03AA01 80217
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   43
019 C00AA00 OPPENHEIMR
020 A000001 SHEARSON LEHMAN BROTHERS, INC.
020 B000001 13-2518466
020 C000001     44
020 A000002 SMITH BARNEY, HARRIS UPHAM & CO., INC.
020 B000002 13-1912900
020 C000002     25
020 A000003 GOLDMAN, SACHS & CO.
020 B000003 13-5108880
020 C000003     23
020 A000004 BEAR SECURITIES CORP.
020 B000004 13-3299429
020 C000004     19
020 A000005 SIMON (WILLIAM E.) & SONS MUNICIPAL SECURITIE
020 B000005 22-3017217
020 C000005     18
020 A000006 WILLIAMS (A.H.) & CO., INC.
020 B000006 23-2177819
020 C000006     17
020 A000007 MORGAN (J.P.) SECURITIES, INC.
020 B000007 13-3224016
020 C000007     13
020 A000008 PAINEWEBBER, INC.
020 B000008 13-2638166
020 C000008     12
020 A000009 ARTERNIS CAPITAL GROUP, INC.
020 B000009 13-2958959
020 C000009     12
020 A000010 MORGAN STANLEY & CO., INC.
020 B000010 13-2655998
020 C000010      9
021  000000      278
022 A000001 SHEARSON LEHMAN BROTHERS, INC.
022 B000001 13-2518466
022 C000001     14042
022 D000001      7275
022 A000002 SMITH BARNEY, HARRIS UPHAM & CO., INC.
022 B000002 13-3371860
022 C000002      9555
022 D000002      7539
022 A000003 SIMON (WILLIAM E.) & SONS MUNICIPAL SECURITIE
022 B000003 22-3017217
022 C000003     10064
022 D000003      5518
<PAGE>      PAGE  3
022 A000004 BEAR SECURITIIES CORP.
022 B000004 13-3299429
022 C000004      8264
022 D000004      7403
022 A000005 MORGAN GUARANTY TRUST CO.
022 B000005 13-5123346
022 C000005      5500
022 D000005      5900
022 A000006 GOLDMAN, SACHS & CO.
022 B000006 13-5108880
022 C000006      7311
022 D000006      2291
022 A000007 MORGAN (J.P.) SECURITIES, INC.
022 B000007 13-3224016
022 C000007      4344
022 D000007      4847
022 A000008 WILLIAMS (A.H.) & CO., INC.
022 B000008 23-2177819
022 C000008      7418
022 D000008         0
022 A000009 MORGAN STANLEY & CO., INC.
022 B000009 13-2655998
022 C000009      3126
022 D000009      3601
022 A000010 PAINEWEBBER, INC.
022 B000010 13-2638166
022 C000010      6014
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<PAGE>      PAGE  4
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057  000100 N
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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042 F000200   0
042 G000200   0
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057  000200 N
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062 C000200   0.0
062 D000200   0.0
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062 N000200   0.0
062 O000200 101.5
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200 16.4
064 A000200 Y
064 B000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 Y
<PAGE>      PAGE  9
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
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071 B000200     47736
071 C000200     95416
071 D000200   50
072 A000200  6
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<PAGE>      PAGE  10
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073 A020200   0.3816
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075 A000200        0
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076  000200     0.00
SIGNATURE   GEORGE C. BOWEN                              
TITLE       TREASURER           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                                                  
<CIK>                       799102                           
<NAME>  OPPENHEIMER INTERMEDIATE TAX-EXEMPT FUND - A                     
<SERIES>                                                     
   <NUMBER>                  1                               
   <NAME>   OPPENHIEMER TAX-EXEMPT FUND                      
       
<S>                                                         <C>
<PERIOD-TYPE>                                               6-MOS
<FISCAL-YEAR-END>                                           Sep-30-1996
<PERIOD-START>                                              Oct-01-1995
<PERIOD-END>                                                Mar-31-1996
<INVESTMENTS-AT-COST>                                            89,988,099
<INVESTMENTS-AT-VALUE>                                           91,556,364
<RECEIVABLES>                                                     1,830,482
<ASSETS-OTHER>                                                       25,818
<OTHER-ITEMS-ASSETS>                                                329,796
<TOTAL-ASSETS>                                                   93,742,460
<PAYABLE-FOR-SECURITIES>                                                  0
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                           639,744
<TOTAL-LIABILITIES>                                                 639,744
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                         93,135,797
<SHARES-COMMON-STOCK>                                             5,640,058
<SHARES-COMMON-PRIOR>                                             5,483,053
<ACCUMULATED-NII-CURRENT>                                                 0
<OVERDISTRIBUTION-NII>                                               62,114
<ACCUMULATED-NET-GAINS>                                                   0
<OVERDISTRIBUTION-GAINS>                                          1,527,514
<ACCUM-APPREC-OR-DEPREC>                                          1,556,547
<NET-ASSETS>                                                     82,949,310
<DIVIDEND-INCOME>                                                         0
<INTEREST-INCOME>                                                 2,880,196
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      503,037
<NET-INVESTMENT-INCOME>                                           2,377,159
<REALIZED-GAINS-CURRENT>                                            738,810
<APPREC-INCREASE-CURRENT>                                          (682,019)
<NET-CHANGE-FROM-OPS>                                             2,433,950
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                         2,174,425
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
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<NUMBER-OF-SHARES-REDEEMED>                                         393,312
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<ACCUMULATED-NII-PRIOR>                                                   0
<ACCUMULATED-GAINS-PRIOR>                                        (2,266,324)
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<INTEREST-EXPENSE>                                                        0
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<PER-SHARE-NAV-BEGIN>                                                    14.69
<PER-SHARE-NII>                                                           0.39
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<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                      14.71
<EXPENSE-RATIO>                                                           1.03
<AVG-DEBT-OUTSTANDING>                                                    0
<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                                                  
<CIK>                       799102                           
<NAME>  OPPENHEIMER INTERMEDIATE TAX-EXEMPT FUND - B                     
<SERIES>                                                     
   <NUMBER>                  1                               
   <NAME>  OPPENHIEMER TAX-EXEMPT FUND                       
       
<S>                                                         <C>
<PERIOD-TYPE>                                               6-MOS
<FISCAL-YEAR-END>                                           Sep-30-1996
<PERIOD-START>                                              Oct-01-1995
<PERIOD-END>                                                Mar-31-1996
<INVESTMENTS-AT-COST>                                            89,988,099
<INVESTMENTS-AT-VALUE>                                           91,556,364
<RECEIVABLES>                                                     1,830,482
<ASSETS-OTHER>                                                       25,818
<OTHER-ITEMS-ASSETS>                                                329,796
<TOTAL-ASSETS>                                                   93,742,460
<PAYABLE-FOR-SECURITIES>                                                  0
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                           639,744
<TOTAL-LIABILITIES>                                                 639,744
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                         93,135,797
<SHARES-COMMON-STOCK>                                                89,895
<SHARES-COMMON-PRIOR>                                                 8,097
<ACCUMULATED-NII-CURRENT>                                                 0
<OVERDISTRIBUTION-NII>                                               62,114
<ACCUMULATED-NET-GAINS>                                                   0
<OVERDISTRIBUTION-GAINS>                                          1,527,514
<ACCUM-APPREC-OR-DEPREC>                                          1,556,547
<NET-ASSETS>                                                      1,322,039
<DIVIDEND-INCOME>                                                         0
<INTEREST-INCOME>                                                 2,880,196
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      503,037
<NET-INVESTMENT-INCOME>                                           2,377,159
<REALIZED-GAINS-CURRENT>                                            738,810
<APPREC-INCREASE-CURRENT>                                          (682,019)
<NET-CHANGE-FROM-OPS>                                             2,433,950
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                            15,124
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
<NUMBER-OF-SHARES-SOLD>                                              81,415
<NUMBER-OF-SHARES-REDEEMED>                                             178
<SHARES-REINVESTED>                                                     561
<NET-CHANGE-IN-ASSETS>                                            4,830,980
<ACCUMULATED-NII-PRIOR>                                                   0
<ACCUMULATED-GAINS-PRIOR>                                        (2,266,324)
<OVERDISTRIB-NII-PRIOR>                                              66,542
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                               229,141
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                     503,037
<AVERAGE-NET-ASSETS>                                                704,196
<PER-SHARE-NAV-BEGIN>                                                    14.69
<PER-SHARE-NII>                                                           0.33
<PER-SHARE-GAIN-APPREC>                                                   0.02
<PER-SHARE-DIVIDEND>                                                      0.33
<PER-SHARE-DISTRIBUTIONS>                                                 0.00
<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                      14.71
<EXPENSE-RATIO>                                                           1.81
<AVG-DEBT-OUTSTANDING>                                                    0
<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                                                  
<CIK>                       799102                           
<NAME>   OPPENHEIMER INTERMEDIATE TAX-EXEMPT FUND - C                    
<SERIES>                                                     
   <NUMBER>                  1                               
<NAME>  OPPENHIEMER TAX-EXEMPT FUND                          
       
<S>                                                         <C>
<PERIOD-TYPE>                                               6-MOS
<FISCAL-YEAR-END>                                           Sep-30-1996
<PERIOD-START>                                              Oct-01-1995
<PERIOD-END>                                                Mar-31-1996
<INVESTMENTS-AT-COST>                                            89,988,099
<INVESTMENTS-AT-VALUE>                                           91,556,364
<RECEIVABLES>                                                     1,830,482
<ASSETS-OTHER>                                                       25,818
<OTHER-ITEMS-ASSETS>                                                329,796
<TOTAL-ASSETS>                                                   93,742,460
<PAYABLE-FOR-SECURITIES>                                                  0
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                           639,744
<TOTAL-LIABILITIES>                                                 639,744
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                         93,135,797
<SHARES-COMMON-STOCK>                                               601,379
<SHARES-COMMON-PRIOR>                                               519,407
<ACCUMULATED-NII-CURRENT>                                                 0
<OVERDISTRIBUTION-NII>                                               62,114
<ACCUMULATED-NET-GAINS>                                                   0
<OVERDISTRIBUTION-GAINS>                                          1,527,514
<ACCUM-APPREC-OR-DEPREC>                                          1,556,547
<NET-ASSETS>                                                      8,831,367
<DIVIDEND-INCOME>                                                         0
<INTEREST-INCOME>                                                 2,880,196
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      503,037
<NET-INVESTMENT-INCOME>                                           2,377,159
<REALIZED-GAINS-CURRENT>                                            738,810
<APPREC-INCREASE-CURRENT>                                          (682,019)
<NET-CHANGE-FROM-OPS>                                             2,433,950
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                           183,182
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
<NUMBER-OF-SHARES-SOLD>                                             159,779
<NUMBER-OF-SHARES-REDEEMED>                                          86,975
<SHARES-REINVESTED>                                                   9,168
<NET-CHANGE-IN-ASSETS>                                            4,830,980
<ACCUMULATED-NII-PRIOR>                                                   0
<ACCUMULATED-GAINS-PRIOR>                                        (2,266,324)
<OVERDISTRIB-NII-PRIOR>                                              66,542
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                               229,141
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                     503,037
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<PER-SHARE-NAV-BEGIN>                                                    14.67
<PER-SHARE-NII>                                                           0.33
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<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                      14.69
<EXPENSE-RATIO>                                                           1.78
<AVG-DEBT-OUTSTANDING>                                                    0
<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                                                  
<CIK>                       799102                           
<NAME>  OPPENHEIMER INSURED TAX-EXEMPT FUND - A                     
<SERIES>                                                     
   <NUMBER>                  2                               
   <NAME>     OPPENHEIMER TAX-EXEMPT FUND                    
       
<S>                                                         <C>
<PERIOD-TYPE>                                                    6-MOS
<FISCAL-YEAR-END>                                           SEP-30-1996
<PERIOD-START>                                              OCT-01-1995
<PERIOD-END>                                                MAR-31-1996
<INVESTMENTS-AT-COST>                                            96,148,298
<INVESTMENTS-AT-VALUE>                                           97,556,794
<RECEIVABLES>                                                     3,450,463
<ASSETS-OTHER>                                                       26,942
<OTHER-ITEMS-ASSETS>                                                      0
<TOTAL-ASSETS>                                                  101,034,199
<PAYABLE-FOR-SECURITIES>                                          3,831,634
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                         1,083,895
<TOTAL-LIABILITIES>                                               4,915,529
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                         95,134,557
<SHARES-COMMON-STOCK>                                             4,765,463
<SHARES-COMMON-PRIOR>                                             4,548,054
<ACCUMULATED-NII-CURRENT>                                            26,866
<OVERDISTRIBUTION-NII>                                                    0
<ACCUMULATED-NET-GAINS>                                            (433,279)
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                          1,390,526
<NET-ASSETS>                                                     80,746,222
<DIVIDEND-INCOME>                                                         0
<INTEREST-INCOME>                                                 2,974,314
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      552,437
<NET-INVESTMENT-INCOME>                                           2,421,877
<REALIZED-GAINS-CURRENT>                                          1,221,785
<APPREC-INCREASE-CURRENT>                                          (894,818)
<NET-CHANGE-FROM-OPS>                                             2,748,844
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                         2,100,912
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
<NUMBER-OF-SHARES-SOLD>                                             647,315
<NUMBER-OF-SHARES-REDEEMED>                                         519,137
<SHARES-REINVESTED>                                                  89,231
<NET-CHANGE-IN-ASSETS>                                            5,875,964
<ACCUMULATED-NII-PRIOR>                                              28,628
<ACCUMULATED-GAINS-PRIOR>                                        (1,655,064)
<OVERDISTRIB-NII-PRIOR>                                                   0
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                               214,909
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                     552,437
<AVERAGE-NET-ASSETS>                                             80,822,590
<PER-SHARE-NAV-BEGIN>                                                    16.86
<PER-SHARE-NII>                                                           0.45
<PER-SHARE-GAIN-APPREC>                                                   0.08
<PER-SHARE-DIVIDEND>                                                      0.45
<PER-SHARE-DISTRIBUTIONS>                                                 0.00
<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                      16.94
<EXPENSE-RATIO>                                                           1.04
<AVG-DEBT-OUTSTANDING>                                                    0
<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                                                  
<CIK>                       799102                           
<NAME>   OPPENHEIMER INSURED TAX-EXEMPT FUND - B                    
<SERIES>                                                     
   <NUMBER>                  2                               
   <NAME>   OPPENHEIMER TAX-EXEMPT FUND                      
       
<S>                                                         <C>
<PERIOD-TYPE>                                                    6-MOS
<FISCAL-YEAR-END>                                           SEP-30-1996
<PERIOD-START>                                              OCT-01-1995
<PERIOD-END>                                                MAR-31-1996
<INVESTMENTS-AT-COST>                                            96,148,298
<INVESTMENTS-AT-VALUE>                                           97,556,794
<RECEIVABLES>                                                     3,450,463
<ASSETS-OTHER>                                                       26,942
<OTHER-ITEMS-ASSETS>                                                      0
<TOTAL-ASSETS>                                                  101,034,199
<PAYABLE-FOR-SECURITIES>                                          3,831,634
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                         1,083,895
<TOTAL-LIABILITIES>                                               4,915,529
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                         95,134,557
<SHARES-COMMON-STOCK>                                               862,997
<SHARES-COMMON-PRIOR>                                               790,806
<ACCUMULATED-NII-CURRENT>                                            26,866
<OVERDISTRIBUTION-NII>                                                    0
<ACCUMULATED-NET-GAINS>                                            (433,279)
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                          1,390,526
<NET-ASSETS>                                                     14,630,809
<DIVIDEND-INCOME>                                                         0
<INTEREST-INCOME>                                                 2,974,314
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      552,437
<NET-INVESTMENT-INCOME>                                           2,421,877
<REALIZED-GAINS-CURRENT>                                          1,221,785
<APPREC-INCREASE-CURRENT>                                          (894,818)
<NET-CHANGE-FROM-OPS>                                             2,748,844
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                           313,810
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
<NUMBER-OF-SHARES-SOLD>                                             141,374
<NUMBER-OF-SHARES-REDEEMED>                                          80,803
<SHARES-REINVESTED>                                                  11,620
<NET-CHANGE-IN-ASSETS>                                            5,875,964
<ACCUMULATED-NII-PRIOR>                                              28,628
<ACCUMULATED-GAINS-PRIOR>                                        (1,655,064)
<OVERDISTRIB-NII-PRIOR>                                                   0
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                               214,909
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                     552,437
<AVERAGE-NET-ASSETS>                                             14,176,481
<PER-SHARE-NAV-BEGIN>                                                    16.87
<PER-SHARE-NII>                                                           0.38
<PER-SHARE-GAIN-APPREC>                                                   0.08
<PER-SHARE-DIVIDEND>                                                      0.38
<PER-SHARE-DISTRIBUTIONS>                                                 0.00
<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                      16.95
<EXPENSE-RATIO>                                                           1.80
<AVG-DEBT-OUTSTANDING>                                                    0
<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                                                  
<CIK>                       799102                           
<NAME>   OPPENHEIMER INSURED TAX-EXEMPT FUND - C                    
<SERIES>                                                     
   <NUMBER>                  2                               
   <NAME>        OPPENHEIMER TAX-EXEMPT FUND                 
       
<S>                                                         <C>
<PERIOD-TYPE>                                                    6-MOS
<FISCAL-YEAR-END>                                           SEP-30-1996
<PERIOD-START>                                              OCT-01-1995
<PERIOD-END>                                                MAR-31-1996
<INVESTMENTS-AT-COST>                                            96,148,298
<INVESTMENTS-AT-VALUE>                                           97,556,794
<RECEIVABLES>                                                     3,450,463
<ASSETS-OTHER>                                                       26,942
<OTHER-ITEMS-ASSETS>                                                      0
<TOTAL-ASSETS>                                                  101,034,199
<PAYABLE-FOR-SECURITIES>                                          3,831,634
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                         1,083,895
<TOTAL-LIABILITIES>                                               4,915,529
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                         95,134,557
<SHARES-COMMON-STOCK>                                                43,799
<SHARES-COMMON-PRIOR>                                                12,515
<ACCUMULATED-NII-CURRENT>                                            26,866
<OVERDISTRIBUTION-NII>                                                    0
<ACCUMULATED-NET-GAINS>                                            (433,279)
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                          1,390,526
<NET-ASSETS>                                                        741,639
<DIVIDEND-INCOME>                                                         0
<INTEREST-INCOME>                                                 2,974,314
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      552,437
<NET-INVESTMENT-INCOME>                                           2,421,877
<REALIZED-GAINS-CURRENT>                                          1,221,785
<APPREC-INCREASE-CURRENT>                                          (894,818)
<NET-CHANGE-FROM-OPS>                                             2,748,844
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                             8,917
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
<NUMBER-OF-SHARES-SOLD>                                              31,280
<NUMBER-OF-SHARES-REDEEMED>                                               9
<SHARES-REINVESTED>                                                      13
<NET-CHANGE-IN-ASSETS>                                            5,875,964
<ACCUMULATED-NII-PRIOR>                                              28,628
<ACCUMULATED-GAINS-PRIOR>                                        (1,655,064)
<OVERDISTRIB-NII-PRIOR>                                                   0
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                               214,909
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                     552,437
<AVERAGE-NET-ASSETS>                                                415,679
<PER-SHARE-NAV-BEGIN>                                                    16.86
<PER-SHARE-NII>                                                           0.37
<PER-SHARE-GAIN-APPREC>                                                   0.08
<PER-SHARE-DIVIDEND>                                                      0.38
<PER-SHARE-DISTRIBUTIONS>                                                 0.00
<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                      16.93
<EXPENSE-RATIO>                                                           1.84
<AVG-DEBT-OUTSTANDING>                                                    0
<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>


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