OPPENHEIMER MAIN STREET CALIFORNIA TAX-EXEMPT FUND
Supplement dated February 10, 1994 to
the Prospectus dated October 25, 1993
1. The Supplement dated October 25, 1993 to the Prospectus is no longer
in effect.
2. The section captioned "Investment Restrictions" is corrected to read
as follows:
The Fund has certain investment restrictions which,
together with its investment objective, are
fundamental policies changeable only by a vote of a
"majority" (as defined in the Investment Company Act)
of the outstanding voting securities of the Fund.
Under certain of those restrictions, the Fund cannot:
(1) lend money except in connection with the
acquisition of debt securities which the Fund's
investment policies and restrictions permit it to
purchase; the Fund may also make loans of portfolio
securities, subject to the restrictions stated under
"Loans of Portfolio Securities"; or (2) concentrate
investments to the extent of 25% of its assets in any
industry; however, there is no limitation as to
investment in U.S. Government Securities, Municipal
Securities or as to investment in obligations issued
by the State of California or its subdivisions,
agencies, authorities or instrumentalities; the Fund
cannot invest in securities or any other investment
other than Municipal Securities, temporary
investments and Hedging Instruments. The percentage
restrictions described above and in the Additional
Statement are applicable only at the time of
investment and require no action by the Fund as a
result of subsequent changes in value of the
investment or size of the Fund. A supplementary list
of investment restrictions is contained in the
Additional Statement, which also contains further
information regarding the Fund's investment policies.
February 10, 1994 PS725
