OPPENHEIMER MULTI SECTOR INCOME TRUST
NSAR-A, 1997-06-24
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<PAGE>      PAGE  1
000 A000000 04/30/97
000 C000000 0000829801
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001 A000000 OPPENHEIMER MULTI-SECTOR INCOME TRUST
001 B000000 811-5473
001 C000000 2123230200
002 A000000 TWO WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
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002 D020000 0203
003  000000 N
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012 A000001 SHAREHOLDER FINANCIAL SERVICES, INC.
012 B000001 84-1817
012 C010001 DENVER
012 C020001 CO
012 C030001 80217
012 C040001 3673
018  000000 Y
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020 A000001 PAINEWEBBER, INC.
020 B000001 13-2638166
020 C000001      9
020 A000002 FIRST BOSTON CORP. (THE)
020 B000002 13-5659485
020 C000002      5
020 A000003 BEAR SECURITIES CORP.
020 B000003 13-3299429
020 C000003      2
020 A000004 DEUTSCHE BANK CAPITAL CORP.
020 B000004 FOREIGN
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020 A000005 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
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<PAGE>      PAGE  2
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022 A000001 ZION FIRST NATIONAL BANK
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SIGNATURE   GEORGE C. BOWEN                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>            829801
<NAME>           Oppenheimer Multi-Sector Income Trust
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       OCT-31-1997
<PERIOD-START>                                                          NOV-01-1996
<PERIOD-END>                                                            APR-30-1997
<INVESTMENTS-AT-COST>                                                                 324,913,029
<INVESTMENTS-AT-VALUE>                                                                324,768,112
<RECEIVABLES>                                                                          24,307,728
<ASSETS-OTHER>                                                                             14,308
<OTHER-ITEMS-ASSETS>                                                                    3,381,906
<TOTAL-ASSETS>                                                                        352,472,054
<PAYABLE-FOR-SECURITIES>                                                               47,417,474
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               1,151,237
<TOTAL-LIABILITIES>                                                                    48,568,711
<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>                                                                 786,828
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                               (12,546,264)
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                                  (69,149)
<NET-ASSETS>                                                                          303,903,343
<DIVIDEND-INCOME>                                                                          11,843
<INTEREST-INCOME>                                                                      14,686,740
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          1,541,187
<NET-INVESTMENT-INCOME>                                                                13,157,396
<REALIZED-GAINS-CURRENT>                                                                4,962,255
<APPREC-INCREASE-CURRENT>                                                              (7,470,099)
<NET-CHANGE-FROM-OPS>                                                                  10,649,552
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                              12,927,529
<DISTRIBUTIONS-OF-GAINS>                                                                        0
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                         0
<NUMBER-OF-SHARES-REDEEMED>                                                                     0
<SHARES-REINVESTED>                                                                             0
<NET-CHANGE-IN-ASSETS>                                                                 (2,277,977)
<ACCUMULATED-NII-PRIOR>                                                                   556,961
<ACCUMULATED-GAINS-PRIOR>                                                             (17,508,519)
<OVERDISTRIB-NII-PRIOR>                                                                         0
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                     990,100
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         1,541,187
<AVERAGE-NET-ASSETS>                                                                  307,512,000
<PER-SHARE-NAV-BEGIN>                                                                          10.52
<PER-SHARE-NII>                                                                                 0.45
<PER-SHARE-GAIN-APPREC>                                                                        (0.09)
<PER-SHARE-DIVIDEND>                                                                            0.44
<PER-SHARE-DISTRIBUTIONS>                                                                       0.00
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            10.44
<EXPENSE-RATIO>                                                                                 1.01
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>


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