OPPENHEIMER CALIFORNIA MUNICIPAL FUND
Supplement dated November 1, 1999 to the
Prospectus dated November 27, 1998
The Prospectus, as previously supplemented, is further supplemented as follows:
The paragraph titled "Portfolio Manager" on page 13 is replaced in its
entirety with the following:
|X| Portfolio Manager. The Portfolio manager of the Fund is Christian D.
Smith, a Senior Vice President of the Manager. He is the person
principally responsible for the day-to-day management of the Fund's
portfolio, and became the Fund's portfolio manager on November 1, 1999.
Mr. Smith also serves as an officer and portfolio manager for other
Oppenheimer funds. Prior to joining OppenheimerFunds in September 1999,
he was Co-Head of the Municipal Portfolio Management Team of Prudential
Global Asset Management, prior to which he was a portfolio manager for
that firm (January 1990-January 1999).
November 1, 1999 PS790.005
