CENTENNIAL AMERICA FUND L P
497, 1998-06-12
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                      CENTENNIAL AMERICA FUND, L.P.
                  Supplement dated June 15, 1998 to the
        Statement of Additional Information dated April 24, 1998


The Statement of Additional Information is changed as follows:

1. The fifth sentence under the section entitled  "Managing General Partners and
Officers" on page 4 is modified as follows:

     All of the officers except Ms. Wolf and Mr. Zimmer hold similar position as
     officers of all the Denver Oppenheimer funds.

2. The  biography for Dorothy G. Warmack  under the section  entitled  "Managing
General Partners and Officers" on page 6 is deleted.

3. The list of  Corporate  Industry  Classifications  (Exhibit B) on page B-1 is
modified by including the following new classification: Asset Backed.


June 15, 1998                                                 PX0870.001



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