OPPENHEIMER STRATEGIC INCOME FUND
Supplement Dated March 31, 1995 to the
Prospectus Dated February 1, 1995
The Prospectus is amended as follows:
1. Under "Expenses" on page 2, the chart "Shareholder Transaction
Expenses" is amended by deleting the references to the $5.00 fee for
"Exchanges" and inserting "None" on that line under the headings for
Class A Shares and Class B Shares; footnote 2 is deleted from that chart.
2. Under "How Much Do You Plan to Invest?" in "How to Buy Shares," the
third paragraph of that sub-section on page 18 is amended by revising the
first two sentences to read as follows:
For most investors who invest $500,000 or more, in most cases
Class A shares will be the more advantageous choice, no matter
how long you intend to hold your shares. For that reason, the
Distributor normally will not accept purchase orders of $500,000
or more for Class B shares from a single investor.
3. Under "Waivers of Class A Sales Charges" in "Reduced Sales Charges
for Class A Share Purchases" on page 20, the first sentence in the second
paragraph of that subsection is amended by adding a new section (d) after
section (c) as follows:
. . . . or (d) purchased and paid for with the redemption
proceeds of shares of a mutual fund, other than a money market
fund or another fund managed by the Manager or any of its
affiliates (this waiver must be requested when you or your
dealer places the purchase order for your shares of the Fund,
and the Distributor may require evidence of your qualification
for this waiver).
4. The subheading "Telephone Redemptions Through AccountLink" on page
25 under "How To Sell Shares" is amended to read "Telephone Redemptions
Through AccountLink or By Wire," and a second paragraph is added to that
sub-section as follows:
(continued)
<PAGE>
Shareholders may also have the Transfer Agent send redemption proceeds of
$2,500 or more by Federal Funds wire to a designated commercial bank
account. The bank must be a member of the Federal Reserve wire system.
To place a wire redemption request, call the Transfer Agent at 1-800-852-
8457. The wire will normally be transmitted on the next bank business day
after the shares are redeemed. There is a possibility that the wire may
be delayed up to seven days to enable the Fund to sell securities to pay
the redemption proceeds. No dividends are accrued or paid on the proceeds
of shares that have been redeemed and are awaiting transmittal by wire.
To establish wire redemption privileges on an account that is already
established, please contact the Transfer Agent for instructions.
5. Under "Dividends, Capital Gains and Taxes," the second sentence under
the sub-heading "Dividends" on page 28 is amended to read as follows:
Normally, dividends are paid on the 25th day of each month (or
the next regular business day if the 25th is not a regular
business day), but the Board of Trustees can change that date.
March 31, 1995
