OPPENHEIMER STRATEGIC INCOME FUND
Supplement dated November 1, 1994 to the
Prospectus dated February 1, 1994
The Prospectus is amended as follows:
1. The Fund's supplement dated October 1, 1994 and the additional
commission arrangement it describes are superceded by this supplement.
2. The following text is added below the Class A sales charge table
in "Class A Shares" on page 16 of the Prospectus:
In addition to paying dealers the regular commission for
sales of Class A shares stated in the sales charge table in
"Class A Shares," and the commission for sales of Class B shares
described in the third paragraph in "Distribution and Service
Plan for Class B Shares" on page 20, below, the Distributor will
pay the following additional commission:
A. For shares of the Fund sold in "previous qualifying
transactions" from October 1, 1994, through October 31, 1994,
the Distributor will pay: (1) 1.00% of the offering price of
Class A shares and (2) .50% of the offering price of Class B
shares sold by a registered representative of a participating
broker or dealer or a sales representative of a participating
financial institution that has a sales agreement with the
Distributor. "Previous qualifying transactions" are sales by
a registered representative or sales representative in the
amount of $100,000 or more (calculated at offering price) of
Class A and/or Class B shares (if available) of any one or more
of the following OppenheimerFunds: the Fund, Oppenheimer Global
Fund, Oppenheimer Global Growth & Income Fund, and Oppenheimer
Growth Fund. "Previous qualifying transactions" do not include
sales of Class A shares (a) at net asset value without sales
charge, (b) subject to a contingent deferred sales charge, or
(c) intended but not yet transacted under a Letter of Intent.
B. For shares of the Fund sold in "current qualifying
transactions" from November 1, 1994, through December 31, 1994,
the Distributor will pay: (1) 1.00% of the offering price of
Class A shares, (2) on each sale of Class A shares made pursuant
to the sales charge waiver arrangement described below in
section 3 of this supplement, 1.00% of the first $2.5 million,
plus .50% of the next $2.5 million, plus .25% of share purchases
over $5 million; if such shares are redeemed less than eighteen
months after the date such shares were sold, the Distributor is
entitled to recover from the dealer or broker on demand this
additional commission, and (3) .50% of the offering price of
Class B shares sold by a registered representative of a
participating broker or dealer or a sales representative of a
participating financial institution that has a sales agreement
with the Distributor. "Current qualifying transactions" are
sales by a registered representative or sales representative in
the amount of $100,000 or more (calculated at offering price)
of Class A and/or Class B shares (if available) of any one or
more of the following OppenheimerFunds: the Fund, Oppenheimer
Global Fund, Oppenheimer Global Growth & Income Fund,
Oppenheimer Champion High Yield Fund, Oppenheimer Limited-Term
Government Fund, Oppenheimer Main Street Income & Growth Fund
and Oppenheimer Growth Fund. The $100,000 requirement in this
and in the preceding paragraph is satisfied if the aggregate of
"previous qualifying transactions" and "current qualifying
transactions" equals or exceeds $100,000. "Current qualifying
transactions" do not include sales of Class A shares (a) at net
asset value without sales charge (except as described above in
this supplement), (b) subject to a contingent deferred sales
charge (although such sales are included for purposes of
satisfying the $100,000 requirement), or (c) intended but not
yet transacted under a Letter of Intent.
3. The following text is added after the first sentence of the
second paragraph under the subcaption "Waivers of Class A Sales Charges"
on page 17:
In addition, no initial or deferred sales charge will be imposed
on Class A shares of the Fund paid for with the redemption
proceeds of shares of a mutual fund other than a money market
fund or a fund managed by the Manager or its affiliates. This
sales charge waiver must be requested when you buy your shares,
and the Distributor may require evidence of qualification for
this waiver.
November 1, 1994 PS230.1194
