OPPENHEIMER GLOBAL GROWTH & INCOME FUND
Supplement dated July 1, 1994 to the Prospectus
dated January 25, 1994
The Prospectus is hereby amended as follows:
1. The Supplement dated May 1, 1994 to the Prospectus is hereby
rescinded.
2. The following is added after the fourth sentence of the first
paragraph beginning on page 3 that refers to the table on page 2 captioned
"Annual Fund Operating Expenses":
"The Management Fees shown in the table, when restated to reflect the
increase in management fees approved by the Fund's shareholders at a
meeting called for June 20, 1994, would be 0.80% for both Class A and
Class C shares. "Total Fund Operating Expenses", similarly restated,
would be 1.60% and 2.35%, respectively, for Class A and Class C shares.
"Other Expenses" would be 0.55% for both Class A and Class C shares.
3. When such restated expenses are taken into account, the table on
page 3 showing hypothetical examples of expenses for Class A and Class C
shares of the Fund over stated time periods is revised as follows:
1 Year 3 Years 5 Years 10 Years
1. Class A Shares $73 $105 $140 $237
2. Class C Shares $34 $73 $126 $269
3. Class A Shares, $73 $105 $140 $237
assuming no redemption
4. Class C Shares, $24 $73 $126 $269
assuming no redemption
4. The third sentence of the first paragraph on page 13 under the
caption "Management of the Fund" is deleted and replaced with the
following:
"Under a new investment advisory agreement, which was approved by the
Fund's shareholders at a meeting called for June 20, 1994, the Fund pays
a monthly management fee to the Manager at the following annual rates,
computed on the net assets of the Fund as of the close of business each
day, which are higher than those paid by most other investment companies:
0.80% of the first $250 million of aggregate net assets; 0.77% of the next
$250 million; 0.75% of the next $500 million; 0.69% of the next $1
billion; and 0.67% thereafter. The management fee rates in effect during
the Fund's fiscal year ending September 30, 1993 are in Note 4 to the
financial statements included in the Fund's Statement of Additional
Information."
July 1, 1994
