OPPENHEIMER GLOBAL EMERGING GROWTH FUND
Supplement dated March 7, 1997 to the
Prospectus dated January 13, 1997
The Prospectus is amended by adding the following paragraph at the
end of "How the Fund is Managed" on page 17:
The Board of Trustees of Oppenheimer Global Emerging Growth
Fund (referred to as "Global Emerging Growth Fund" or the
"Fund") has determined that it is in the best interest of the
Fund's shareholders that the Fund reorganize with and into
Oppenheimer Global Fund ("Global Fund"). The Board
unanimously approved the terms of an agreement and plan of
reorganization to be entered into between these funds (the
"reorganization plan") and the transactions contemplated (the
transactions are referred to as the "reorganization"). The
Board further determined that the reorganization should be
submitted to the Fund's shareholders for approval, and
recommended that shareholders approve the reorganization.
Pursuant to the reorganization plan, (i) substantially all of
the assets of the Fund would be exchanged for shares of Global
Fund, (ii) these shares of Global Fund would be distributed to
the shareholders of the Fund, (iii) the Fund would be
liquidated, and (iv) the outstanding shares of the Fund would
be cancelled. It is expected that the reorganization will be
tax-free, pursuant to Section 368(a)(1) of the Internal
Revenue Code of 1986, as amended, and the Fund will request an
opinion of tax counsel to that effect.
A meeting of the shareholders of the Fund is scheduled for
June 17, 1997 to vote on the reorganization. Approval of the
reorganization requires the affirmative vote of a majority of
the outstanding shares of the Fund (the term "majority" is
defined in the Investment Company Act as a special majority.
It is also explained in the Statement of Additional
Information). There is no assurance that the Fund's
shareholders will approve the reorganization. Details about
the proposed reorganization will be contained in a proxy
statement and other soliciting materials which will be mailed
to the Fund's shareholders of record on April 11, 1997.
Persons who became shareholders of the Fund after the record
date for the shareholder meeting will not be entitled to vote
on the reorganization.
March 7, 1997 PS0750.012
