OPPENHEIMER CASH RESERVES
Supplement dated April 25, 1995 to the
Prospectus dated April 25, 1995
The Prospectus is amended by replacing the first four paragraphs on the
cover page with the following:
Oppenheimer Cash Reserves (the "Fund") is a "money-market"
mutual fund that seeks, as its investment objective, the maximum
current income that is consistent with stability of principal.
The Fund seeks to achieve this objective by investing in money
market securities meeting specified quality standards. See
"Investment Objectives and Policies."
An investment in the Fund is neither insured nor guaranteed
by the U.S. Government. While the Fund seeks to maintain a
stable net asset value of $1.00 per share of each class, there
can be no assurance that it will be able to do so.
This Prospectus explains concisely what you should know
before investing in the Fund. Please read this Prospectus
carefully and keep it for future reference. You can find more
detailed information about the Fund in the April 25, 1995,
Statement of Additional Information. For a free copy, call
Oppenheimer Shareholder Services, the Fund's Transfer Agent, at
1-800-525-7048, or write to the Transfer Agent at the address
on the back cover. The Statement of Additional Information has
been filed with the Securities and Exchange Commission and is
incorporated into this Prospectus by reference (which means that
it is legally part of this Prospectus).
April 25, 1995 PS0760.002
