[ARTICLE] 6
[CIK] 850134
[NAME] OPPENHEIMER STRATEGIC INCOME FUND-Y
[SERIES]
[NUMBER] 1
[NAME] OPPENHEIMER STRATEGIC FUND
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] SEP-30-2000
[PERIOD-START] OCT-01-1999
[PERIOD-END] MAR-31-2000
[INVESTMENTS-AT-COST] 7,664,280,493
[INVESTMENTS-AT-VALUE] 7,200,144,414
[RECEIVABLES] 998,386,885
[ASSETS-OTHER] 24,237
[OTHER-ITEMS-ASSETS] 9,832,241
[TOTAL-ASSETS] 8,208,387,777
[PAYABLE-FOR-SECURITIES] 1,157,730,875
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 35,786,640
[TOTAL-LIABILITIES] 1,193,517,515
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 8,135,345,365
[SHARES-COMMON-STOCK] 12,229,022
[SHARES-COMMON-PRIOR] 11,236,277
[ACCUMULATED-NII-CURRENT] 45,966,556
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (701,828,521)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (464,613,138)
[NET-ASSETS] 52,759,782
[DIVIDEND-INCOME] 10,076,613
[INTEREST-INCOME] 393,007,190
[OTHER-INCOME] 0
[EXPENSES-NET] 48,810,599
[NET-INVESTMENT-INCOME] 354,273,204
[REALIZED-GAINS-CURRENT] (134,349,862)
[APPREC-INCREASE-CURRENT] 100,231,635
[NET-CHANGE-FROM-OPS] 320,154,977
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,452,194
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,697,827
[NUMBER-OF-SHARES-REDEEMED] 2,259,300
[SHARES-REINVESTED] 554,218
[NET-CHANGE-IN-ASSETS] (603,175,809)
[ACCUMULATED-NII-PRIOR] 19,853,049
[ACCUMULATED-GAINS-PRIOR] (567,478,659)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 19,296,823
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 48,907,848
[AVERAGE-NET-ASSETS] 51,000,000
[PER-SHARE-NAV-BEGIN] 4.32
[PER-SHARE-NII] 0.24
[PER-SHARE-GAIN-APPREC] (0.04)
[PER-SHARE-DIVIDEND] 0.21
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 4.31
[EXPENSE-RATIO] 0.67
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
