OPPENHEIMER CASH RESERVES
Supplement dated August 25, 1998 to the
Statement of Additional Information dated November 17, 1997
This Supplement to the Statement of Additional Information replaces the
Supplement dated June 15, 1998 and changes the Statement of Additional
Information as follows:
1. The fifth sentence of the section entitled "Trustees and Officers of the
Fund" on page 8 is modified as follows:
All of the officers except Ms. Wolf and Mr. Zimmer hold similar positions
with each of the Denver Oppenheimer funds.
2. The biography for Dorothy Warmack under the section entitled "Trustees and
Officers of the Fund" on page 10 is deleted and replaced with:
CAROL E. WOLF, Vice President and Portfolio Manager, Age 46
6803 South Tucson Way, Englewood, Colorado 80112
Vice President of the Manager and Centennial; an officer of
other Oppenheimer funds.
Arthur J. Zimmer, Vice President and Portfolio manger, Age 51
6803 South Tucson Way, Englewood, Colorado 80112
Vice President of the Manager and Centennial; an officer of other
Oppenheimer funds.
3. Effective June 1, 1998, the sixth sentence of the second paragraph in the
section entitled "How to Exchange Shares" on page 28 is revised to read as
follows:
However, if Class A shares acquired by exchange of Class A shares of other
Oppenheimer funds purchased subject to a Class A contingent deferred sales
charge are redeemed within 18 months of the end of the calendar month of
the initial purchase of the exchanged Class A shares, a Class A contingent
deferred sales charge is imposed on the redeemed shares. (A different
holding period may apply to shares purchased prior to June 1, 1998).
(continued)
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4. The section entitled "Dividend Reinvestment in Another Fund" in the section
"Dividends, Capital Gains and Taxes" on page 30, is deleted and replaced in its
entirety by the following:
Dividend Reinvestment in Another Fund. Shareholders of the Fund may elect
to reinvest all dividends and/or capital gains distributions in shares of
the same class of any of the other Oppenheimer funds listed in "The
Oppenheimer Funds" above. To elect this option, a shareholder must notify
the Transfer Agent in writing and either have an existing account in the
fund selected for reinvestment or must obtain a prospectus for that fund
and an application from the Distributor to establish an account. The
investment in shares of the selected fund will be made in the case of
Class B or Class C shares at the net asset value per share, and in the
case of Class A shares, will be made at the public offering price (i.e.
net asset value plus any sales charge that applies) in effect at the close
of business on the payable date of the dividend or distribution. Dividends
and/or distributions from shares of other Oppenheimer funds may be
invested in shares of this Fund at net asset value.
5. The list of Corporate Industry Classifications (Exhibit B) on page B-1 is
modified by including the following new classification: Asset Backed.
August 25, 1998 PX0760.007
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