OPPENHEIMER QUEST FOR VALUE FUNDS
497, 1996-01-10
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                  OPPENHEIMER QUEST SMALL CAP VALUE FUND
                  Supplement Dated January 5, 1996 to the
                    Prospectus dated November 24, 1995

The following changes are made to the Prospectus:

1.  The name "Oppenheimer Management Corporation" is changed to
"OppenheimerFunds, Inc." in "Expenses - Annual Fund Operating
Expenses," "A Brief Overview of the Fund - Who Manages The Fund,"
"Investment Management Agreement" and the back cover page of the
Prospectus.  The name "Oppenheimer Funds Distributor, Inc." is
changed to "OppenheimerFunds Distributor, Inc." in "How to Buy
Shares - Buying Shares Through the Distributor" and the back cover
page of the Prospectus.  The name "Oppenheimer Shareholder
Services" is changed to "OppenheimerFunds Services" on the front
and back cover pages of the Prospectus, in "Shareholder Account
Rules and Policies - Transfer Agent and Shareholder Servicing
Agent," "Additional Information - Transfer Agent and Shareholder
Servicing Agent" and in "How to Sell Shares - Selling Shares by
Mail."




January 5, 1996                                                  PS0251.002


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