OPPENHEIMER CHAMPION INCOME FUND/NY
NSAR-A, 1999-05-27
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<PAGE>      PAGE  1
000 A000000 03/31/99
000 C000000 820120
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 OPPENHEIMER CHAMPION INCOME FUND
001 B000000 811-5281
001 C000000 3037683200
002 A000000 6803 SOUTH TUCSON WAY
002 B000000 ENGLEWOOD
002 C000000 CO
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007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 OPPENHEIMERFUNDS, INC.
008 B000001 A
008 C000001 801-8253
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10048
008 D040001 0203
011 A000001 OPPENHEIMERFUNDS DISTRIBUTOR, INC.
011 B000001 8-22992
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10048
011 C040001 0203
012 A000001 OPPENHEIMERFUNDS SERVICES
012 B000001 84-1562
012 C010001 ENGLEWOOD
012 C020001 CO
012 C030001 80112
012 C040001 3924
<PAGE>      PAGE  2
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 DENVER
013 B020001 CO
013 B030001 80202
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10015
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000   47
019 C000000 OPPENHEIMR
020 A000001 BRIDGE TRADING CO.
020 B000001 43-1450530
020 C000001     16
020 A000002 R.J. OBRIEN SECURITIES (RJO SECURITIES INC.)
020 B000002 36-3233364
020 C000002     12
020 A000003 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
020 B000003 13-5674085
020 C000003      7
020 A000004 PAINEWEBBER, INC.
020 B000004 13-2638166
020 C000004      5
020 A000005 GOLDMAN, SACHS & CO.
020 B000005 13-5108880
020 C000005      5
020 A000006 SALOMON SMITH BARNEY (OLD SMITH BARNEY)
020 B000006 13-3371860
020 C000006      4
020 A000007 BEAR, STEARNS & CO., INC.
020 B000007 13-3299429
020 C000007      3
020 A000008 MONTGOMERY SECURITIES
020 B000008 94-1701676
020 C000008      3
020 A000009 JEFFERIES & CO., INC.
020 B000009 95-2622900
020 C000009      2
020 A000010 DONALDSON, LUFKIN & JENRETTE SEC
020 B000010 13-2741729
020 C000010      2
021  000000       65
022 A000001 DONALDSON, LUFKIN & JENRETTE
022 B000001 13-2741729
022 C000001     91112
022 D000001     14027
022 A000002 SALOMON BROTHERS, INC CO.
022 B000002 13-3082694
<PAGE>      PAGE  3
022 C000002     57224
022 D000002     23067
022 A000003 MARGAN STANLEY & CO., INC.
022 B000003 13-2655998
022 C000003     55659
022 D000003      9787
022 A000004 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
022 B000004 13-5674085
022 C000004     39047
022 D000004     11714
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005     34465
022 D000005     14292
022 A000006 BEAR STEARNS & CO., INC.
022 B000006 13-3299429
022 C000006     31162
022 D000006     16172
022 A000007 LEHMAN BROTHERS, INC.
022 B000007 13-2518466
022 C000007     24691
022 D000007     15436
022 A000008 GRANTCHESTER SECURITIES, INC.
022 B000008 13-3502273
022 C000008     13245
022 D000008     16734
022 A000009 FIRST BOSTON CORP. (THE)
022 B000009 13-5659485
022 C000009     25305
022 D000009      1458
022 A000010 CHASE MANHATTAN BANK, N.A. (THE)
022 B000010 13-2633612
022 C000010     21691
022 D000010      1832
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<PAGE>      PAGE  6
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<PAGE>      PAGE  9
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000    85000
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SIGNATURE   GEORGE BOWEN
TITLE       TREASURER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>             820120
<NAME>            OPPENHEIMER CHAMPION INCOME FUND-- A

<S>                                                                   <C>
<PERIOD-TYPE>                                                         6-MOS
<FISCAL-YEAR-END>                                                     SEP-30-1999
<PERIOD-START>                                                        OCT-01-1998
<PERIOD-END>                                                          MAR-31-1999
<INVESTMENTS-AT-COST>                                                            1,399,327,088
<INVESTMENTS-AT-VALUE>                                                           1,382,094,896
<RECEIVABLES>                                                                       43,275,973
<ASSETS-OTHER>                                                                           9,518
<OTHER-ITEMS-ASSETS>                                                                   685,989
<TOTAL-ASSETS>                                                                   1,426,066,376
<PAYABLE-FOR-SECURITIES>                                                            18,125,025
<SENIOR-LONG-TERM-DEBT>                                                                      0
<OTHER-ITEMS-LIABILITIES>                                                            6,851,731
<TOTAL-LIABILITIES>                                                                 24,976,756
<SENIOR-EQUITY>                                                                              0
<PAID-IN-CAPITAL-COMMON>                                                         1,442,123,025
<SHARES-COMMON-STOCK>                                                               52,992,732
<SHARES-COMMON-PRIOR>                                                               46,997,413
<ACCUMULATED-NII-CURRENT>                                                              654,557
<OVERDISTRIBUTION-NII>                                                                       0
<ACCUMULATED-NET-GAINS>                                                            (25,211,343)
<OVERDISTRIBUTION-GAINS>                                                                     0
<ACCUM-APPREC-OR-DEPREC>                                                           (16,476,619)
<NET-ASSETS>                                                                       659,802,779
<DIVIDEND-INCOME>                                                                    4,877,510
<INTEREST-INCOME>                                                                   58,252,725
<OTHER-INCOME>                                                                               0
<EXPENSES-NET>                                                                       9,428,592
<NET-INVESTMENT-INCOME>                                                             53,701,643
<REALIZED-GAINS-CURRENT>                                                           (22,503,129)
<APPREC-INCREASE-CURRENT>                                                           62,342,043
<NET-CHANGE-FROM-OPS>                                                               93,540,557
<EQUALIZATION>                                                                               0
<DISTRIBUTIONS-OF-INCOME>                                                           26,756,886
<DISTRIBUTIONS-OF-GAINS>                                                             4,622,478
<DISTRIBUTIONS-OTHER>                                                                        0
<NUMBER-OF-SHARES-SOLD>                                                             13,401,412
<NUMBER-OF-SHARES-REDEEMED>                                                          9,243,839
<SHARES-REINVESTED>                                                                  1,837,746
<NET-CHANGE-IN-ASSETS>                                                             215,724,894
<ACCUMULATED-NII-PRIOR>                                                                654,557
<ACCUMULATED-GAINS-PRIOR>                                                            7,004,267
<OVERDISTRIB-NII-PRIOR>                                                                      0
<OVERDIST-NET-GAINS-PRIOR>                                                                   0
<GROSS-ADVISORY-FEES>                                                                3,934,854
<INTEREST-EXPENSE>                                                                           0
<GROSS-EXPENSE>                                                                      9,455,217
<AVERAGE-NET-ASSETS>                                                               607,197,000
<PER-SHARE-NAV-BEGIN>                                                                    12.18
<PER-SHARE-NII>                                                                           0.54
<PER-SHARE-GAIN-APPREC>                                                                   0.36
<PER-SHARE-DIVIDEND>                                                                      0.54
<PER-SHARE-DISTRIBUTIONS>                                                                 0.09
<RETURNS-OF-CAPITAL>                                                                      0.00
<PER-SHARE-NAV-END>                                                                      12.45
<EXPENSE-RATIO>                                                                           1.09
[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>                820120
<NAME>               OPPENHEIMER CHAMPION INCOME FUND-- B

<S>                                                                   <C>
<PERIOD-TYPE>                                                         6-MOS
<FISCAL-YEAR-END>                                                     SEP-30-1999
<PERIOD-START>                                                        OCT-01-1998
<PERIOD-END>                                                          MAR-31-1999
<INVESTMENTS-AT-COST>                                                            1,399,327,088
<INVESTMENTS-AT-VALUE>                                                           1,382,094,896
<RECEIVABLES>                                                                       43,275,973
<ASSETS-OTHER>                                                                           9,518
<OTHER-ITEMS-ASSETS>                                                                   685,989
<TOTAL-ASSETS>                                                                   1,426,066,376
<PAYABLE-FOR-SECURITIES>                                                            18,125,025
<SENIOR-LONG-TERM-DEBT>                                                                      0
<OTHER-ITEMS-LIABILITIES>                                                            6,851,731
<TOTAL-LIABILITIES>                                                                 24,976,756
<SENIOR-EQUITY>                                                                              0
<PAID-IN-CAPITAL-COMMON>                                                         1,442,123,025
<SHARES-COMMON-STOCK>                                                               39,174,443
<SHARES-COMMON-PRIOR>                                                               31,937,543
<ACCUMULATED-NII-CURRENT>                                                              654,557
<OVERDISTRIBUTION-NII>                                                                       0
<ACCUMULATED-NET-GAINS>                                                            (25,211,343)
<OVERDISTRIBUTION-GAINS>                                                                     0
<ACCUM-APPREC-OR-DEPREC>                                                           (16,476,619)
<NET-ASSETS>                                                                       487,287,627
<DIVIDEND-INCOME>                                                                    4,877,510
<INTEREST-INCOME>                                                                   58,252,725
<OTHER-INCOME>                                                                               0
<EXPENSES-NET>                                                                       9,428,592
<NET-INVESTMENT-INCOME>                                                             53,701,643
<REALIZED-GAINS-CURRENT>                                                           (22,503,129)
<APPREC-INCREASE-CURRENT>                                                           62,342,043
<NET-CHANGE-FROM-OPS>                                                               93,540,557
<EQUALIZATION>                                                                               0
<DISTRIBUTIONS-OF-INCOME>                                                           17,427,149
<DISTRIBUTIONS-OF-GAINS>                                                             3,297,538
<DISTRIBUTIONS-OTHER>                                                                        0
<NUMBER-OF-SHARES-SOLD>                                                             10,339,422
<NUMBER-OF-SHARES-REDEEMED>                                                          4,215,461
<SHARES-REINVESTED>                                                                  1,112,939
<NET-CHANGE-IN-ASSETS>                                                             215,724,894
<ACCUMULATED-NII-PRIOR>                                                                654,557
<ACCUMULATED-GAINS-PRIOR>                                                            7,004,267
<OVERDISTRIB-NII-PRIOR>                                                                      0
<OVERDIST-NET-GAINS-PRIOR>                                                                   0
<GROSS-ADVISORY-FEES>                                                                3,934,854
<INTEREST-EXPENSE>                                                                           0
<GROSS-EXPENSE>                                                                      9,455,217
<AVERAGE-NET-ASSETS>                                                               433,463,000
<PER-SHARE-NAV-BEGIN>                                                                    12.17
<PER-SHARE-NII>                                                                           0.49
<PER-SHARE-GAIN-APPREC>                                                                   0.36
<PER-SHARE-DIVIDEND>                                                                      0.49
<PER-SHARE-DISTRIBUTIONS>                                                                 0.09
<RETURNS-OF-CAPITAL>                                                                      0.00
<PER-SHARE-NAV-END>                                                                      12.44
<EXPENSE-RATIO>                                                                           1.84
[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>             820120
<NAME>            OPPENHEIMER CHAMPION INCOME FUND-- C

<S>                                                                   <C>
<PERIOD-TYPE>                                                         6-MOS
<FISCAL-YEAR-END>                                                     SEP-30-1999
<PERIOD-START>                                                        OCT-01-1998
<PERIOD-END>                                                          MAR-31-1999
<INVESTMENTS-AT-COST>                                                            1,399,327,088
<INVESTMENTS-AT-VALUE>                                                           1,382,094,896
<RECEIVABLES>                                                                       43,275,973
<ASSETS-OTHER>                                                                           9,518
<OTHER-ITEMS-ASSETS>                                                                   685,989
<TOTAL-ASSETS>                                                                   1,426,066,376
<PAYABLE-FOR-SECURITIES>                                                            18,125,025
<SENIOR-LONG-TERM-DEBT>                                                                      0
<OTHER-ITEMS-LIABILITIES>                                                            6,851,731
<TOTAL-LIABILITIES>                                                                 24,976,756
<SENIOR-EQUITY>                                                                              0
<PAID-IN-CAPITAL-COMMON>                                                         1,442,123,025
<SHARES-COMMON-STOCK>                                                               20,420,599
<SHARES-COMMON-PRIOR>                                                               18,448,505
<ACCUMULATED-NII-CURRENT>                                                              654,557
<OVERDISTRIBUTION-NII>                                                                       0
<ACCUMULATED-NET-GAINS>                                                            (25,211,343)
<OVERDISTRIBUTION-GAINS>                                                                     0
<ACCUM-APPREC-OR-DEPREC>                                                           (16,476,619)
<NET-ASSETS>                                                                       253,999,214
<DIVIDEND-INCOME>                                                                    4,877,510
<INTEREST-INCOME>                                                                   58,252,725
<OTHER-INCOME>                                                                               0
<EXPENSES-NET>                                                                       9,428,592
<NET-INVESTMENT-INCOME>                                                             53,701,643
<REALIZED-GAINS-CURRENT>                                                           (22,503,129)
<APPREC-INCREASE-CURRENT>                                                           62,342,043
<NET-CHANGE-FROM-OPS>                                                               93,540,557
<EQUALIZATION>                                                                               0
<DISTRIBUTIONS-OF-INCOME>                                                            9,517,608
<DISTRIBUTIONS-OF-GAINS>                                                             1,792,465
<DISTRIBUTIONS-OTHER>                                                                        0
<NUMBER-OF-SHARES-SOLD>                                                              4,721,025
<NUMBER-OF-SHARES-REDEEMED>                                                          3,428,561
<SHARES-REINVESTED>                                                                    679,630
<NET-CHANGE-IN-ASSETS>                                                             215,724,894
<ACCUMULATED-NII-PRIOR>                                                                654,557
<ACCUMULATED-GAINS-PRIOR>                                                            7,004,267
<OVERDISTRIB-NII-PRIOR>                                                                      0
<OVERDIST-NET-GAINS-PRIOR>                                                                   0
<GROSS-ADVISORY-FEES>                                                                3,934,854
<INTEREST-EXPENSE>                                                                           0
<GROSS-EXPENSE>                                                                      9,455,217
<AVERAGE-NET-ASSETS>                                                               236,202,000
<PER-SHARE-NAV-BEGIN>                                                                    12.17
<PER-SHARE-NII>                                                                           0.49
<PER-SHARE-GAIN-APPREC>                                                                   0.36
<PER-SHARE-DIVIDEND>                                                                      0.49
<PER-SHARE-DISTRIBUTIONS>                                                                 0.09
<RETURNS-OF-CAPITAL>                                                                      0.00
<PER-SHARE-NAV-END>                                                                      12.44
<EXPENSE-RATIO>                                                                           1.84
[AVG-DEBT-OUTSTANDING]                                                                       0
[AVG-DEBT-PER-SHARE]                                                                      0.00


</TABLE>


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