OPPENHEIMER CHAMPION HIGH YIELD FUND
Supplement dated June 27, 1994 to the
Prospectus dated February 1, 1994
The Prospectus is amended by adding the following text immediately
after the Class A sales charge table in "Class A Shares" on page 15 of the
Prospectus:
In addition to paying dealers the regular commission for
sales of Class A shares stated in the sales charge table in
"Class A Shares," the Distributor will pay, as additional
commission for shares of the Fund sold in "qualifying
transactions" from June 27, 1994, through August 31, 1994, .75%
of the offering price of Class A shares sold by a registered
representative of a participating broker or dealer or by a sales
representative of a participating financial institution that has
a sales agreement with the Distributor. "Qualifying
transactions" are sales by a registered representative or sales
representative in the amount of $100,00 or more (calculated at
offering price) of Class A and/or Class B shares (if available)
of any one or more of the following OppenheimerFunds: the Fund,
Oppenheimer Discovery Fund, Oppenheimer High Yield Fund,
Oppenheimer Global Fund, Oppenheimer Main Street Income & Growth
Fund, Oppenheimer Strategic Income Fund, Oppenheimer Total
Return Fund, Inc., and Oppenheimer Limited-Term Government Fund.
"Qualifying transactions" do not include sales of Class A shares
(1) at net asset value without sales charge, (2) subject to a
contingent deferred sales charge, or (3) intended under a Letter
of Intent.
June 27, 1994 PS190
