OPPENHEIMER CALIFORNIA TAX EXEMPT FUND
497, 1996-10-08
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OPPENHEIMER CALIFORNIA TAX-EXEMPT FUND
Supplement Dated October 10, 1996
to the Prospectus dated April 20, 1996

The Prospectus is amended as follows:

      Effective October 10, 1996, the name of the Fund has been changed to
      "Oppenheimer California Municipal Fund" and all references to the
      name of the Fund on the front cover page and throughout the
      Prospectus are changed to reflect the new name.


October 10, 1996                                            PS0790.004

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                      OPPENHEIMER CALIFORNIA TAX-EXEMPT FUND
                     Supplement dated October 10, 1996 to the
             Statement of Additional Information dated April 20, 1996

The Statement of Additional Information is amended as follows:

      Effective October 10, 1996, the name of the Fund has been changed to
      "Oppenheimer California Municipal Fund" and all references to the
      name of the Fund on the front cover page and throughout the Statement
      of Additional Information are changed to reflect the new name.


October 10, 1996                                         PX0790.003


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