OPPENHEIMER WORLD BOND FUND
N-18F1, 1998-05-26
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                                                      Reg. No. 333-48973




                                     FORM N-18F-1



                          SECURITIES AND EXCHANGE COMMISSION
                                 Washington, DC 20549




                    Notification of Election Pursuant to Rule 18f-1
                       Under the Investment Company Act of 1940





                              OPPENHEIMER WORLD BOND FUND
                 Two World Trade Center, New York, New York 10048-0203
                   ------------------------------------------------
                            Name and Address of Registrant




<PAGE>




                               NOTIFICATION OF ELECTION
                               ------------------------


The undersigned  registered,  open-end,  non-diversified,  management investment
company hereby notifies the Securities and Exchange Commission that it elects to
commit  itself  to pay in cash all  redemptions  by a  shareholder  of record as
provided  by  Rule  18f-1  under  the  Investment  Company  Act of  1940.  It is
understood that this election is irrevocable while such Rule is in effect unless
the  Commission  by  order  upon  application  permits  the  withdrawal  of this
Notification of Election.




                                       SIGNATURE
                                       ---------

Pursuant to the  requirements of Rule 18f-1 under the Investment  Company Act of
1940,  the  registrant  has caused  this  notification  of  election  to be duly
executed  on its behalf in the city of New York and the state of New York on the
28th day of May, 1998.

                        OPPENHEIMER WORLD BOND FUND
                        -----------------------------------
                        Name of Registrant



                        By:   /s/ Robert G. Zack
                              ------------------------------

                              Robert G. Zack, Assistant Secretary

ATTEST:


/s/ Katherine P. Feld
  ------------------------

Katherine P. Feld










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