OPPENHEIMER PENNSYLVANIA MUNICIPAL FUND
Supplement dated March 2, 1999 to the
Prospectus dated November 27, 1998
The Prospectus is changed as follows:
1. The last sentence of the second paragraph in the section entitled "Other
Investment Strategies - Floating Rate/Variable Rate Obligations" on page
11 is modified to read as follows:
The Fund will not invest more than 20% of its total assets in inverse
floaters.
2. The third sentence of the section entitled "Illiquid Securities" on page
11 is modified to read as follows:
The Fund will not invest more than 15% of its net assets in illiquid
securities.
March 2, 1999 PS0740.011
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OPPENHEIMER NEW JERSEY MUNICIPAL FUND
Supplement dated March 2, 1999 to the
Prospectus dated November 27, 1998
The Prospectus is changed as follows:
1. The last sentence of the second paragraph in the section entitled "Other
Investment Strategies - Floating Rate/Variable Rate Obligations" on page
11 is modified to read as follows:
The Fund will not invest more than 20% of its total assets in inverse
floaters.
2. The third sentence of the section entitled "Illiquid Securities" on page
11 is modified to read as follows:
The Fund will not invest more than 15% of its net assets in illiquid
securities.
March 2, 1999 PS0395.010
<PAGE>
OPPENHEIMER FLORIDA MUNICIPAL FUND
Supplement dated March 2, 1999 to the
Prospectus dated November 27, 1998
The Prospectus is changed as follows:
1. The last sentence of the second paragraph in the section entitled "Other
Investment Strategies - Floating Rate/Variable Rate Obligations" on page
11 is modified to read as follows:
The Fund will not invest more than 20% of its total assets in inverse
floaters.
2. The third sentence of the section entitled "Illiquid Securities" on page
11 is modified to read as follows:
The Fund will not invest more than 15% of its net assets in illiquid
securities.
March 2, 1999 PS0795.010
