OPPENHEIMER QUEST GLOBAL VALUE FUND, INC.
Supplement dated April 15, 1996 to the
Statement of Additional Information dated March 15, 1996
The Statement of Additional Information for Oppenheimer Quest Global
Value Fund, Inc. dated March 15, 1996 is hereby amended by replacing
the paragraph captioned "Remuneration of Directors" set forth in "How
the Fund is Managed - Trustees and Officers of the Trust" with the
following:
- Remuneration of Directors. All officers of the Fund and Ms.
Macaskill, a Director, are officers or directors of the Manager and
receive no salary or fee from the Fund. The Directors of the Fund
(excluding Ms. Macaskill) received the total amounts shown below from
(i) the Fund during its fiscal year ended November 30, 1995 and (ii)
other investment companies (or series thereof) managed by OpCap
Advisors (previously named Quest for Value Advisors), or an affiliate
thereof, during the fiscal year ended November 30, 1995 (the "Fund
Complex"). OpCap Advisors, or an affiliate thereof, served as the
investment adviser to the Fund Complex prior to November 22, 1995;
effective as of such date, the Manager acquired the investment advisory
and other contracts and business relationships and certain assets and
liabilities of OpCap Advisors, Quest for Value Distributors and
Oppenheimer Capital relating to twelve Quest for Value mutual funds (or
series thereof) included in the Fund Complex.
<TABLE>
<CAPTION>
Pension or
Retirement
Benefits Estimated Total
Aggregate Accrued Annual Compensation
compensation As Benefits From
From Part of Fund Upon Fund
the Fund Expenses Retirement Complex
<S> <C> <C> <C> <C>
Paul Y. Clinton $4,200 None None $61,650
Thomas W. Courtney $4,200 None None $60,900
Lacy B. Herrmann $4,200 None None $61,650
George Loft $4,200 None None $61,650
</TABLE>
Messrs. Clinton, Courtney and Herrmann earned directors fees with
respect to 18 investment companies in the Fund Complex and the fees
earned by Mr. Loft were with respect to 19 investment companies in the
Fund Complex. During such period the non-interested Directors received
fees from three investment companies for which they no longer serve as
directors and which are no longer part of the Fund Complex but for
which OpCap Advisors currently serves as subadviser. In addition,
during such periods, Mr. Clinton and Mr. Courtney each served as
director with respect to three investment companies in the Fund Complex
for which they received no fees, and Mr. Loft and Mr. Herrmann each
served as director with respect to 10 investment companies in the Fund
Complex for which they received no fees. For the purpose of this
paragraph, a portfolio of an investment company organized in series
form is considered to be an investment company.
April 15, 1996 PX0254.001
