OPPENHEIMER WORLD BOND FUND
SUPPLEMENT DATED JUNE 4, 1998 TO THE
PROSPECTUS DATED APRIL 24, 1998
The Prospectus is amended as follows:
1. The first sentence of the paragraph captioned "Special Risks of Lower-Grade
Securities" on page 15 is revised to remove the limit that the Fund may invest
no more than 30% of its total assets in foreign non-investment grade securities,
while retaining the limit that the Fund may invest no more than 50% of its total
assets in non-investment grade securities, whereby that sentence shall read as
follows:
The debt instruments in which the Fund may invest may be unrated or, if
rated, in any rating category, provided that investments in securities
rated lower than investment grade ("Baa" by Moody's Investors Service,
Inc. ("Moody's") or "BBB" by Standard & Poor's Corporation ("Standard &
Poor's"), Fitch Investors Service, L.P. ("Fitch") or Duff & Phelps, Inc.
(Duff & Phelps) or another nationally recognized statistical rating
organization) may not exceed 50% of the Fund's total assets.
June 4, 1998 PS0705.002
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OPPENHEIMER WORLD BOND FUND
SUPPLEMENT DATED JUNE 4, 1998 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 24, 1998
This supplement replaces the supplement dated May 15, 1998 to the Statement of
Additional Information.
1. The last sentence in the first paragraph on page 8 is revised as follows:
Appendix A to the Prospectus dated April 24, 1998 contains a general
description of securities ratings.
2. The second sentence of the fourth paragraph in the section entitled "How To
Exchange Shares" on page 52 is revised to read as follows:
However, if you redeem Class A shares of the Fund that were acquired by
exchange of Class A shares of other Oppenheimer funds purchased subject to
a Class A contingent deferred sales charge within 18 months of the end of
the calendar month of the purchase of the exchanged Class A shares, the
Class A contingent deferred sales charge is imposed on the redeemed shares
(see "Class A Contingent Deferred Sales Charge" in the Prospectus). (A
different holding period may apply to shares purchased prior to June 1,
1998.)
3. The first sentence of the second paragraph under the heading "Investment
Risks of Fixed-Income Securities" is deleted and replaced with the following:
As stated in the Prospectus, the Fund may invest no more than 50% of its
total assets in non-investment grade securities, with no more than 5% of
its total assets, measured at time of purchase, in securities which are
rated "C" or "D" by either Moody's, Duff & Phelps or Standard & Poor's.
June 4, 1998 PX0705.002
