OPPENHEIMER MULTI SECTOR INCOME TRUST
NSAR-A, 1996-06-26
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<PAGE>      PAGE  1
000 A000000 04/30/96
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001 A000000 OPPENHEIMER MULTI-SECTOR INCOME TRUST
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001 C000000 2123230200
002 A000000 TWO WORLD TRADE CENTER
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008 A000001 OPPENHEIMER FUNDS, INC.
008 B000001 A
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008 D010001 NEW YORK
008 D020001 NY
008 D030001 10048
008 D040001 0203
010 A000001 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
010 B000001 801-13219
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10019
012 A000001 SHAREHOLDER FINANCIAL SERVICES, INC.
012 B000001 84-181700
012 C010001 DENVER
012 C020001 CO
012 C030001 80217
012 C040001 3673
<PAGE>      PAGE  2
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 DENVER
013 B020001 CO
013 B030001 80202
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
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020 A000001 GREENWICH SECURITIES, INC.
020 B000001 13-2697091
020 C000001   9224
020 A000002 PAINEWEBBER, INC.
020 B000002 13-2638166
020 C000002   3667
020 A000003 ZION FIRST NATIONAL BANK
020 B000003 87-0189025
020 C000003    138
020 A000004 SALOMON BROTHERS, INC.
020 B000004 13-3082694
020 C000004    120
020 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000005 13-5674085
020 C000005    116
020 A000006 MORGAN STANLEY & CO., INC.
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020 A000007 MORGAN GUARANTY TRUST CO.
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020 C000007     83
020 A000008 FIRST CHICAGO CAPITAL MARKET
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020 A000009 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
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<PAGE>      PAGE  3
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022 A000006 INTERNATIONALE NEDERLANDEN
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022 A000008 DEUTSCHE BANK CAPITAL CORP
022 B000008 FOREIGN
022 C000008     15185
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022 A000009 LEHMAN BROTHERS, INC.
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022 A000010 GOLDMAN, SACHS & CO.
022 B000010 13-5108880
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SIGNATURE   BILL MAHER                                   
TITLE       VICE-PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996
<PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                      291,149,716
<INVESTMENTS-AT-VALUE>                     292,581,268
<RECEIVABLES>                               19,717,728
<ASSETS-OTHER>                                  50,717
<OTHER-ITEMS-ASSETS>                         1,551,730
<TOTAL-ASSETS>                             313,901,443
<PAYABLE-FOR-SECURITIES>                    15,420,428
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      595,331
<TOTAL-LIABILITIES>                         16,015,759
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   315,731,928
<SHARES-COMMON-STOCK>                       29,116,068
<SHARES-COMMON-PRIOR>                       29,116,068
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         115,894
<ACCUMULATED-NET-GAINS>                   (19,459,751)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,729,401
<NET-ASSETS>                               297,885,684
<DIVIDEND-INCOME>                               68,098
<INTEREST-INCOME>                           14,876,076
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,553,628
<NET-INVESTMENT-INCOME>                     13,390,546
<REALIZED-GAINS-CURRENT>                     5,405,457
<APPREC-INCREASE-CURRENT>                  (2,645,277)
<NET-CHANGE-FROM-OPS>                       16,150,726
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   13,393,365
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       2,757,361
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (24,865,208)
<OVERDISTRIB-NII-PRIOR>                        113,075
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          962,337
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,553,628
<AVERAGE-NET-ASSETS>                       297,650,000
<PER-SHARE-NAV-BEGIN>                            10.14
<PER-SHARE-NII>                                    .46
<PER-SHARE-GAIN-APPREC>                            .09
<PER-SHARE-DIVIDEND>                               .46
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.23
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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