OPPENHEIMER NEW JERSEY TAX-EXEMPT FUND
Supplement dated March 1, 1994
to the Prospectus dated March 1, 1994
The Prospectus is hereby amended as follows:
The following is added after the first paragraph under the Class A
Sales Charge Table in "How to Buy Shares - Class A Shares":
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 first
paragraph of "Class B Distribution and Service Plan," below, the
Distributor will pay the following additional commission for shares
of the Fund sold in "qualifying transactions" from March 1, 1994,
through May 31, 1994: (i) 1.00% of the offering price of Class A
and/or Class B shares sold by a representative of a broker or dealer
at a branch not in a "financial institution," such as a bank, savings
and loan association or credit union; and (ii) .50% of the offering
price of Class B shares, and the Distributor's entire retained
commission on Class A shares, sold by a sales representative of a
financial institution or by a representative of a broker or dealer
firm at a branch in a financial institution. "Qualifying
transactions" are sales by a registered representative of a broker
or dealer at a branch not in a financial institution of $200,000 or
more (calculated at offering price), and sales in any amount by a
sales representative of a financial institution or registered
representative of a broker or dealer at a branch in a financial
institution, of Class A and/or Class B shares of any one or more of
the following OppenheimerFunds: Oppenheimer Tax-Free Bond Fund,
Oppenheimer Insured Tax-Exempt Bond Fund, Oppenheimer New York Tax-
Exempt Fund, Oppenheimer California Tax-Exempt Fund, Oppenheimer
Pennsylvania Tax-Exempt Fund, Oppenheimer Florida Tax-Exempt Fund,
and Oppenheimer New Jersey Tax-Exempt Fund. "Qualifying transactions"
do not include sales of Class A shares (1) at net asset value without
sales charge, (2) subject to a contingent deferred sales charge, or
(3) intended under a Letter of Intent.
March 1, 1994 PS395
