OPPENHEIMER MAIN STREET INCOME & GROWTH FUND
Supplement Dated April 20, 1995 to the
Prospectus Dated October 1, 1994
The Prospectus is amended as follows:
1. The supplement dated March 31, 1995, to the Prospectus is corrected
and replaced by this supplement.
2. 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; existing footnote 3 is
deleted from that chart. A new line entitled "Redemption Fee" is added
to the chart with the word "None" under the headings for Class A, B and
C shares, with a reference to a new footnote (3) after each, and the
footnote is added under the chart as follows: "(3) There is a $10
transaction fee for redemptions paid by Federal Funds wire, but not for
redemptions paid by check or ACH wire through AccountLink (see 'How To
Sell Shares')."
3. Under "How Long Do You Expect to Hold Your Investment?" in "How to
Buy Shares" on page 14, the fourth paragraph of that sub-section is
amended by revising the first two sentences to read as follows:
For 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.
4. 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 proceeds of
shares redeemed in the prior 12 months from a mutual fund on
which an initial sales charge or contingent deferred sales
charge was paid (other than a fund managed by the Manager or any
of its affiliates) (this waiver must be requested when the
purchase order is placed for your shares of the Fund, and the
Distributor may require evidence of your qualification for this
waiver).
(continued)
5. Under "Reinvestment Privilege" on page 21, the second sentence is
revised to read as follows: "This privilege applies only to redemptions
of Class A shares, or to redemptions of Class B shares of the Fund that
you purchased by reinvesting dividends or distributions or on which you
paid a contingent deferred sales charge when you redeemed them."
6. 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. There is a $10 fee for each
Federal Funds wire. 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.
7. The second and third sentences in the first paragraph of "How To
Exchange Shares" on page 23 are deleted.
April 20, 1995
