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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 861457
<NAME> Oppenheimer Global Growth & Income Fund - Class A
<S> <C>
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<PERIOD-START> OCT-01-1995
<PERIOD-END> SEP-30-1996
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<INVESTMENTS-AT-VALUE> 164,678,566
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<NET-INVESTMENT-INCOME> 3,538,878
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<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 861457
<NAME> Oppenheimer Global Growth & Income Fund - Class B
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<TABLE> <S> <C>
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<CIK> 861457
<NAME> Oppenheimer Global Growth & Income Fund - Class C
<S> <C>
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 141,204,705
<SHARES-COMMON-STOCK> 2,296,829
<SHARES-COMMON-PRIOR> 1,897,067
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 14,010,713
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,917,882
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<DIVIDEND-INCOME> 1,905,491
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<NET-INVESTMENT-INCOME> 3,538,878
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<APPREC-INCREASE-CURRENT> (3,287,320)
<NET-CHANGE-FROM-OPS> 18,392,081
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<DISTRIBUTIONS-OF-INCOME> 615,071
<DISTRIBUTIONS-OF-GAINS> 1,559,313
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 686,840
<NUMBER-OF-SHARES-REDEEMED> 431,369
<SHARES-REINVESTED> 144,291
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<GROSS-EXPENSE> 2,547,948
<AVERAGE-NET-ASSETS> 31,371,000
<PER-SHARE-NAV-BEGIN> 14.92
<PER-SHARE-NII> 0.35
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<PER-SHARE-DIVIDEND> 0.38
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</TABLE>
<PAGE>
THE BOARD OF TRUSTEES AND SHAREHOLDERS OF
OPPENHEIMER GLOBAL GROWTH & INCOME FUND:
In planning and performing our audit of the financial statements of Oppenheimer
Global Growth & Income Fund for the year ended September 30, 1996, we considered
its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of Oppenheimer Global Growth & Income Fund is responsible for
establishing and maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we considered to be material weaknesses as defined above as of
September 30, 1996.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission and should not be used for any other purpose.
/S/KPMG PEAT MARWICK LLP
KPMG PEAT MARWICK LLP
Denver, Colorado
October 21, 1996
<PAGE>
During the year ended September 30, 1996, the Fund adjusted the classification
of distributions to shareholders to reflect the differences between the
financial statement amounts and distributions determined in accordance with
income tax regulations. Accordingly, during the year ended September 30, 1996,
amounts have been reclassified to reflect an increase in overdistributed net
investment income and an increase in accumulated net realized gain on invest-
ments of $7,719. In addition, to properly reflect foreign currency gain in the
components of capital, $78,907 of foreign exchange loss determined according to
U.S. federal income tax rules has been reclassified from net realized loss to
net investment income.
