OPPENHEIMER QUEST FOR VALUE FUNDS
497, 1996-01-05
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OPPENHEIMER QUEST OFFICERS VALUE FUND
Supplement Dated January 5, 1996 to the
Prospectus dated November 24, 1995

The following changes are made to the Prospectus:

The name "Oppenheimer Management Corporation" is changed to
"OppenheimerFunds, Inc." in the fourth sentence of the first paragraph of
"Expenses," "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 the Fund is Managed - The Distributor," "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 "How the Fund is Managed - the Transfer Agent" and in "How
to Sell Shares - Selling Shares by Mail."









January 5, 1996                                          PS0229.001



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