OPPENHEIMER STRATEGIC FUNDS TRUST
497, 1995-03-31
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OPPENHEIMER STRATEGIC DIVERSIFIED 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 next to
the heading "Exchange Fee"  and inserting "None" on that line next to the
heading; footnote 2 is deleted from that chart.

2.   In the first paragraph of the section "How To Exchange Shares" on
page 21, the second and third sentences are deleted.

3.   In the subsection "Dividends" under the heading "Dividends, Capital
Gains and Taxes" on page 23, the second sentence of the first paragraph
of that subsection is amended to read as follows:

     Normally, dividends are paid on the 25th day of every month (if
     the25th is not a regular business day, dividends are paid on the
     next regular business day), but the Board of Trustees can change
     that date.

March 31, 1995



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