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OPPENHEIMER NEW JERSEY MUNICIPAL FUND Supplement dated October 1, 1999 to the Statement of Additional Information dated November 27, 1998, Revised June 29, 1999 The Statement of Information is changed as follows. 1. The second sentence of the third paragraph in the section captioned "The Investment Advisory Agreement" on page 32 is revised to read as follows: The Manager has voluntarily agreed to waive 0.20% of its annual management fee. October 1, 1999 PX0395.006
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