OPPENHEIMER QUEST GROWTH & INCOME VALUE FUND
Supplement dated May 18, 1998 to the
Prospectus dated January 26, 1998
The Prospectus is amended as follows:
1. The name of the Fund has been changed to "Oppenheimer Quest Balanced Value
Fund" and all references to the name of the Fund on the front cover page and
throughout the Prospectus are changed to reflect the new name.
2. The section captioned "Investment Objective and Policies" is revised by
adding the following after the third sentence of the section captioned
"Investment Policies and Strategies":
The Fund will invest at least 25% of its total assets in equity
securities, including common stocks and preferred stocks.
3. The section captioned "Investment Objective and Policies" is revised by
adding the following immediately before the subsection captioned "Investment in
Bonds and Convertible
Securities":
o Debt Securities. The Fund will invest at least 25% of its total assets in
fixed-income senior securities. These securities include bonds, debentures,
notes, participation interests, convertible securities and U.S. Government
obligations, certain of which are described below, and the money market
instruments identified above in "Investment Policies and Strategies".
4. The subsection captioned "Investment in Bonds and Convertible Securities" in
"Investment Objective and Policies" is revised by adding the following as the
last sentence to the second paragraph thereof:
The portion of the value of the convertible security that is attributable
to its fixed-income characteristics will be included in the Fund's 25% of
total assets investment requirement in fixed-income senior securities.
May 18, 1998 PSO257.010
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OPPENHEIMER QUEST GROWTH & INCOME VALUE FUND
Supplement dated May 18, 1998 to the Statement of
Additional Information dated January 26, 1998
The Statement of Additional Information is amended as follows:
The name of the Fund has been changed to "Oppenheimer Quest Balanced Value
Fund" and all references to the name of the Fund on the front cover page
and throughout the Statement of Additional Information are changed to
reflect the new name.
May 18, 1998 PX0257.004
