<PAGE> PAGE 1
000 A000000 04/30/97
000 C000000 0000817982
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
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001 C000000 2123230200
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002 D020000 0203
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007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
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008 D02AA01 NY
008 D03AA01 10048
008 D04AA01 0203
008 A00AA02 OPCAP ADVISORS
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<PAGE> PAGE 2
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008 D02AA02 NY
008 D03AA02 10281
011 A00AA01 OPPENHEIMERFUNDS DISTRIBUTOR, INC.
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011 C02AA01 NY
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011 C04AA01 0203
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012 C03AA01 80217
013 A00AA01 PRICE WATERHOUSE LLP
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013 B02AA01 CO
013 B03AA01 80202
014 A00AA01 OPPENHEIMER & CO., INC.
014 B00AA01 8-1833
015 A00AA01 STATE STREET BANK & TRUST CO.
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020 A000002 FIRST BOSTON CORP. (THE)
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020 A000003 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
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<PAGE> PAGE 3
020 C000007 36
020 A000008 ROYAL ALLIANCE ASSOCIATES, INC.
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<PAGE> PAGE 4
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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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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
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<NAME> Oppenheimer Quest Officers Value Fund
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<NUMBER-OF-SHARES-REDEEMED> 230,142
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<NET-CHANGE-IN-ASSETS> (3,342,268)
<ACCUMULATED-NII-PRIOR> 0
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<OVERDIST-NET-GAINS-PRIOR> 0
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<PER-SHARE-NII> (0.02)
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<PER-SHARE-NAV-END> 11.65
<EXPENSE-RATIO> 1.78
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<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 817982
<NAME> Oppenheimer Quest Opportunity Value Fund-A
<SERIES>
<NUMBER> 3
<NAME> Oppenheimer Quest for Value Funds
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
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<PER-SHARE-NAV-END> 31.49
<EXPENSE-RATIO> 1.54
<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> 817982
<NAME> Oppenheimer Quest Opportunity Value Fund-B
<SERIES>
<NUMBER> 3
<NAME> Oppenheimer Quest for Value Funds
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
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<INVESTMENTS-AT-COST> 2,436,417,491
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<OTHER-ITEMS-LIABILITIES> 13,642,012
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<PAID-IN-CAPITAL-COMMON> 2,407,234,319
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<GROSS-EXPENSE> 20,584,435
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<PER-SHARE-NAV-BEGIN> 29.49
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<PER-SHARE-NAV-END> 31.07
<EXPENSE-RATIO> 2.03
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<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 817982
<NAME> Oppenheimer Quest Opportunity Value Fund-C
<SERIES>
<NUMBER> 3
<NAME> Oppenheimer Quest for Value Funds
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
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<GROSS-EXPENSE> 20,584,435
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<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 817982
<NAME> Oppenheimer Quest Opportunity Value Fund-Y
<SERIES>
<NUMBER> 3
<NAME> Oppenheimer Quest for Value Funds
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> DEC-16-1996
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 817982
<NAME> Oppenheimer Quest Small Cap Value Fund - Class A
<SERIES>
<NUMBER> 2
<NAME> Oppenheimer Quest for Value Funds
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
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<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> 817982
<NAME> Oppenheimer Quest Small Cap Value Fund - Class B
<SERIES>
<NUMBER> 2
<NAME> Oppenheimer Quest for Value Funds
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
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<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 817982
<NAME> Oppenheimer Quest Small Cap Value Fund - Class C
<SERIES>
<NUMBER> 2
<NAME> Oppenheimer Quest for Value Funds
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
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<EXPENSE-RATIO> 2.37
<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> 817982
<NAME> Oppenheimer Quest Growth & Income Value Fund - A
<SERIES>
<NUMBER> 9
<NAME> Oppenheimer Quest for Value Funds
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Oct-31-1997
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<SHARES-COMMON-PRIOR> 3,952,924
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> Oppenheimer Quest Growth & Income Value Fund - B
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<NAME> Oppenheimer Quest for Value Funds
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<NAME> Oppenheimer Quest Growth & Income Value Fund - C
<SERIES>
<NUMBER> 9
<NAME> Oppenheimer Quest for Value Funds
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