OPPENHEIMER STRATEGIC INCOME FUND
Supplement dated April 16, 1997 to the
Prospectus dated January 16, 1997
The Prospectus is changed as follows:
1. The Supplements dated January 16, 1997 and February 14, 1997
to the Prospectus are replaced by this Supplement.
2. On page 14, under the heading "Mortgage-Backed U.S. Government
Securities and CMOs," the following sentence is deleted:
The amount of illiquid stripped securities the Fund can hold
will be subject to the Fund's fundamental investment policy
limiting investments in illiquid securities to 5% of the Fund's
assets, described below.
3. The addresses for the Transfer Agent in "How to Sell Shares-
Selling Shares by Mail." on page 46 should be deleted and replaced
by the following:
Use the following address for requests by mail:
OppenheimerFunds Services
P.O. Box 5270
Denver, Colorado 80217
Send courier or Express Mail Requests to:
OppenheimerFunds Services
10200 E. Girard Ave., Building D
Denver, Colorado 80231
4. On the back cover page the address of the Fund should be
deleted and replaced with the following:
Oppenheimer Strategic Income Fund
6803 South Tucson Way
Englewood, Colorado 80112
Telephone 1-800-525-7048
April 16, 1997
