OPPENHEIMER MAIN STREET INCOME & GROWTH FUND
Supplement Dated March 31, 1995 to the
Prospectus Dated October 1, 1994
The Prospectus is amended as follows:
1. Under "Expenses" on page 3, the chart "Shareholder Transaction
Expenses" is amended by deleting the references to the $5.00 fee for
"Exchanges" and inserting "None" on that line under the headings for
Class A Shares, Class B Shares and Class C Shares; footnote 3 is deleted
from that chart.
2. Under "How Long Do You Expect to Hold Your Investment?" in "How to
But Shares" on page 14, the fourth paragraph of that sub-section is
amended by revising the first two sentences to read as follows:
For most investors who invest $500,000 or more, in most cases
Class A shares will be the more advantageous choice, no matter
how long you intend to hold your shares. For that reason, the
Distributor normally will not accept purchase orders of $500,000
or more for Class B shares from a single investor. For similar
reasons, the Distributor normally will not accept purchase
orders of $1 million or more for Class C shares from a single
investor.
3. Under "Waivers of Class A Sales Charges" in "Reduced Sales Charges
for Class A Share Purchases" on page 17, the first sentence in the second
paragraph of that subsection is amended by adding a new section (d) after
section (c) as follows:
. . . . or (d) purchased and paid for with the redemption
proceeds of shares of a mutual fund, other than a money market
fund or another fund managed by the Manager or any of its
affiliates (this waiver must be requested when you or your
dealer places the purchase order for your shares of the Fund,
and the Distributor may require evidence of your qualification
for this waiver).
4. The subheading "Telephone Redemptions Through AccountLink" on page
23 under "How To Sell Shares" is amended to read "Telephone Redemptions
Through AccountLink or By Wire," and a second paragraph is added to that
sub-section as follows:
Shareholders may also have the Transfer Agent send
redemption proceeds of $2,500 or more by Federal Funds
wire to a designated commercial bank account. The bank
must be a member of the Federal Reserve wire system. To
place a wire redemption request, call the Transfer Agent
at 1-800-852-8457. The wire will normally be transmitted
on the next bank business day after the shares are
redeemed. There is a possibility that the wire may be
delayed up to seven days to enable the Fund to sell
securities to pay the redemption proceeds. No dividends
are accrued or paid on the proceeds of shares that have
been redeemed and are awaiting transmittal by wire. To
establish wire redemption privileges on an account that is
already established, please contact the Transfer Agent for
instructions.
March 31, 1995
