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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
<PAGE>
DELOITTE & TOUCHE LLP [LOGO]
Suite 3600
555 Seventeenth Street
Denver, Colorado 80202-3942
Telephone: (303) 292-5400
Facsimile: (303) 312-4000
To the Board of Trustees of
Oppenheimer Champion Income Fund:
In planning and performing our audit of the financial statements of Oppenheimer
Champion Income Fund (Fund) for the year ended September 30, 1995 (on which we
have issued our report dated October 20, 1995), we considered its internal
control structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the objec-
tives of an internal control structure are to provide management with reason-
able, but not absolute, assurance that assets are safeguarded against loss from
unauthorized use or disposition and that transactions are executed in accordance
with management's authorization and recorded properly to permit preparation of
financial statements in conformity with generally accepted accounting prin-
ciples.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evalu-
ation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily dis-
close all matters in the internal control structure that might be material weak-
nesses under standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or opera-
tion of the specific internal control structure elements does not reduce to a
relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
September 30, 1995.
This report is intended solely for the information and use of management, the
Board of Trustees and the Securities and Exchange Commission.
Yours truly,
/s/ Deloitte & Touche LLP
October 20, 1995
_______________
DELOITTE TOUCHE
TOHMATSU
INTERNATIONAL
_______________
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