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> 12-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-START> OCT-01-1999
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 1,577,301,756
<INVESTMENTS-AT-VALUE> 1,399,389,332
<RECEIVABLES> 46,618,159
<ASSETS-OTHER> 69,500
<OTHER-ITEMS-ASSETS> 7,556,255
<TOTAL-ASSETS> 1,453,633,246
<PAYABLE-FOR-SECURITIES> 14,684,174
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20,014,425
<TOTAL-LIABILITIES> 34,698,599
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,640,714,556
<SHARES-COMMON-STOCK> 48,644,828
<SHARES-COMMON-PRIOR> 44,850,303
<ACCUMULATED-NII-CURRENT> 3,890,472
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (47,364,333)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (178,306,048)
<NET-ASSETS> 534,308,747
<DIVIDEND-INCOME> 9,098,837
<INTEREST-INCOME> 150,875,600
<OTHER-INCOME> 0
<EXPENSES-NET> 20,985,939
<NET-INVESTMENT-INCOME> 138,988,498
<REALIZED-GAINS-CURRENT> (29,482,052)
<APPREC-INCREASE-CURRENT> (67,877,770)
<NET-CHANGE-FROM-OPS> 41,628,676
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 49,411,814
<DISTRIBUTIONS-OF-GAINS> 3,573,923
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14,972,628
<NUMBER-OF-SHARES-REDEEMED> 14,058,202
<SHARES-REINVESTED> 2,880,099
<NET-CHANGE-IN-ASSETS> (39,355,746)
<ACCUMULATED-NII-PRIOR> 1,878,917
<ACCUMULATED-GAINS-PRIOR> (6,193,014)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,836,979
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 21,021,955
<AVERAGE-NET-ASSETS> 534,106,000
<PER-SHARE-NAV-BEGIN> 11.83
<PER-SHARE-NII> 1.06
<PER-SHARE-GAIN-APPREC> (0.77)
<PER-SHARE-DIVIDEND> 1.06
<PER-SHARE-DISTRIBUTIONS> 0.08
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.98
<EXPENSE-RATIO> 1.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
