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OPPENHEIMER CHAMPION HIGH YIELD FUND Supplement dated February 1, 1994 to the Prospectus dated February 1, 1994 For Use in the States of Arizona, Maryland, Texas, Vermont and Washington This Fund invests primarily in lower-rated corporate bonds, commonly known as "junk bonds." Investments of this type are subject to a greater risk of loss of principal and interest. Purchasers should carefully assess the risks associated with an investment in this Fund. February 1, 1994 PA190
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