OPPENHEIMER QUEST GLOBAL VALUE FUND INC
NSAR-A, 1997-07-28
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<PAGE>      PAGE  1
000 A000000 05/31/97
000 C000000 863250
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001 A000000 OPPENHEIMER QUEST GLOBAL VALUE FUND, INC.
001 B000000 811-6105
001 C000000 2123230200
002 A000000 TWO WORLD TRADE CENTER
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020 A000001 CAPEL (JAMES), INC.
020 B000001 52-1348224
020 C000001     33
020 A000002 NIKKO SECURITIES CO. INTERNATIONAL, INC.
020 B000002 94-1302123
020 C000002     29
020 A000003 KLEINWORT BENSON NORTH AMERICA, INC.
020 B000003 13-2647786
020 C000003     19
020 A000004 GOLDMAN, SACHS & CO.
020 B000004 13-5108880
020 C000004     16
020 A000005 MORGAN STANLEY & CO., INC.
<PAGE>      PAGE  2
020 B000005 13-2655998
020 C000005     16
020 A000006 SALOMON BROTHERS, INC.
020 B000006 13-3082694
020 C000006     11
020 A000007 DEUTSCHE BANK CAPITAL CORP.
020 B000007 FOREIGN
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020 A000008 MORGAN (J.P.) SECURITIES, INC.
020 B000008 13-3224016
020 C000008      8
020 A000009 WARBURG, S.G. & CO., INC.
020 B000009 13-2994695
020 C000009      8
020 A000010 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
020 B000010 13-5674085
020 C000010      8
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022 A000001 LEHMAN BROTHERS, INC.
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022 C000001   2831826
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022 A000002 HONG KONG & SHANGHAI BANK
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022 B000005 13-2647786
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SIGNATURE   GEORGE C. BOWEN                              
TITLE       TREASURER           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>            863250
<NAME>           Oppenheimer Quest Global Value Fund, Inc.-A
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       NOV-30-1997
<PERIOD-START>                                                          DEC-01-1996
<PERIOD-END>                                                            MAY-31-1997
<INVESTMENTS-AT-COST>                                                                 241,220,574
<INVESTMENTS-AT-VALUE>                                                                320,455,397
<RECEIVABLES>                                                                           2,832,032
<ASSETS-OTHER>                                                                             40,852
<OTHER-ITEMS-ASSETS>                                                                   20,866,461
<TOTAL-ASSETS>                                                                        344,194,742
<PAYABLE-FOR-SECURITIES>                                                                1,562,351
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                              22,143,251
<TOTAL-LIABILITIES>                                                                    23,705,602
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              236,112,476
<SHARES-COMMON-STOCK>                                                                  13,097,978
<SHARES-COMMON-PRIOR>                                                                  11,648,467
<ACCUMULATED-NII-CURRENT>                                                                 135,035
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                                 5,000,074
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                               79,241,555
<NET-ASSETS>                                                                          230,408,544
<DIVIDEND-INCOME>                                                                       2,153,420
<INTEREST-INCOME>                                                                         747,114
<OTHER-INCOME>                                                                             27,403
<EXPENSES-NET>                                                                          2,577,678
<NET-INVESTMENT-INCOME>                                                                   350,259
<REALIZED-GAINS-CURRENT>                                                                5,380,478
<APPREC-INCREASE-CURRENT>                                                              22,580,852
<NET-CHANGE-FROM-OPS>                                                                  28,311,589
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                                  68,106
<DISTRIBUTIONS-OF-GAINS>                                                                6,430,678
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                 2,298,903
<NUMBER-OF-SHARES-REDEEMED>                                                             1,252,130
<SHARES-REINVESTED>                                                                       402,738
<NET-CHANGE-IN-ASSETS>                                                                 73,705,420
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                               7,941,027
<OVERDISTRIB-NII-PRIOR>                                                                   147,118
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   1,026,250
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         2,577,678
<AVERAGE-NET-ASSETS>                                                                  206,157,000
<PER-SHARE-NAV-BEGIN>                                                                          16.48
<PER-SHARE-NII>                                                                                 0.03
<PER-SHARE-GAIN-APPREC>                                                                         1.64
<PER-SHARE-DIVIDEND>                                                                            0.01
<PER-SHARE-DISTRIBUTIONS>                                                                       0.55
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            17.59
<EXPENSE-RATIO>                                                                                 1.75
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>            863250
<NAME>           Oppenheimer Quest Global Value Fund, Inc.-B
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       NOV-30-1997
<PERIOD-START>                                                          DEC-01-1996
<PERIOD-END>                                                            MAY-31-1997
<INVESTMENTS-AT-COST>                                                                 241,220,574
<INVESTMENTS-AT-VALUE>                                                                320,455,397
<RECEIVABLES>                                                                           2,832,032
<ASSETS-OTHER>                                                                             40,852
<OTHER-ITEMS-ASSETS>                                                                   20,866,461
<TOTAL-ASSETS>                                                                        344,194,742
<PAYABLE-FOR-SECURITIES>                                                                1,562,351
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                              22,143,251
<TOTAL-LIABILITIES>                                                                    23,705,602
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              236,112,476
<SHARES-COMMON-STOCK>                                                                   3,734,357
<SHARES-COMMON-PRIOR>                                                                   2,377,524
<ACCUMULATED-NII-CURRENT>                                                                 135,035
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                                 5,000,074
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                               79,241,555
<NET-ASSETS>                                                                           64,581,248
<DIVIDEND-INCOME>                                                                       2,153,420
<INTEREST-INCOME>                                                                         747,114
<OTHER-INCOME>                                                                             27,403
<EXPENSES-NET>                                                                          2,577,678
<NET-INVESTMENT-INCOME>                                                                   350,259
<REALIZED-GAINS-CURRENT>                                                                5,380,478
<APPREC-INCREASE-CURRENT>                                                              22,580,852
<NET-CHANGE-FROM-OPS>                                                                  28,311,589
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                                       0
<DISTRIBUTIONS-OF-GAINS>                                                                1,344,531
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                 1,478,852
<NUMBER-OF-SHARES-REDEEMED>                                                               202,657
<SHARES-REINVESTED>                                                                        80,638
<NET-CHANGE-IN-ASSETS>                                                                 73,705,420
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                               7,941,027
<OVERDISTRIB-NII-PRIOR>                                                                   147,118
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   1,026,250
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         2,577,678
<AVERAGE-NET-ASSETS>                                                                   49,090,000
<PER-SHARE-NAV-BEGIN>                                                                          16.25
<PER-SHARE-NII>                                                                                 0.01
<PER-SHARE-GAIN-APPREC>                                                                         1.58
<PER-SHARE-DIVIDEND>                                                                            0.00
<PER-SHARE-DISTRIBUTIONS>                                                                       0.55
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            17.29
<EXPENSE-RATIO>                                                                                 2.29
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>            863250
<NAME>           Oppenheimer Quest Global Value Fund, Inc.-C
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       NOV-30-1997
<PERIOD-START>                                                          DEC-01-1996
<PERIOD-END>                                                            MAY-31-1997
<INVESTMENTS-AT-COST>                                                                 241,220,574
<INVESTMENTS-AT-VALUE>                                                                320,455,397
<RECEIVABLES>                                                                           2,832,032
<ASSETS-OTHER>                                                                             40,852
<OTHER-ITEMS-ASSETS>                                                                   20,866,461
<TOTAL-ASSETS>                                                                        344,194,742
<PAYABLE-FOR-SECURITIES>                                                                1,562,351
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                              22,143,251
<TOTAL-LIABILITIES>                                                                    23,705,602
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              236,112,476
<SHARES-COMMON-STOCK>                                                                   1,476,907
<SHARES-COMMON-PRIOR>                                                                     995,458
<ACCUMULATED-NII-CURRENT>                                                                 135,035
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                                 5,000,074
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                               79,241,555
<NET-ASSETS>                                                                           25,499,348
<DIVIDEND-INCOME>                                                                       2,153,420
<INTEREST-INCOME>                                                                         747,114
<OTHER-INCOME>                                                                             27,403
<EXPENSES-NET>                                                                          2,577,678
<NET-INVESTMENT-INCOME>                                                                   350,259
<REALIZED-GAINS-CURRENT>                                                                5,380,478
<APPREC-INCREASE-CURRENT>                                                              22,580,852
<NET-CHANGE-FROM-OPS>                                                                  28,311,589
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                                       0
<DISTRIBUTIONS-OF-GAINS>                                                                  546,222
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                   671,441
<NUMBER-OF-SHARES-REDEEMED>                                                               221,119
<SHARES-REINVESTED>                                                                        31,127
<NET-CHANGE-IN-ASSETS>                                                                 73,705,420
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                               7,941,027
<OVERDISTRIB-NII-PRIOR>                                                                   147,118
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                   1,026,250
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         2,577,678
<AVERAGE-NET-ASSETS>                                                                   19,683,000
<PER-SHARE-NAV-BEGIN>                                                                          16.22
<PER-SHARE-NII>                                                                                 0.05
<PER-SHARE-GAIN-APPREC>                                                                         1.55
<PER-SHARE-DIVIDEND>                                                                            0.00
<PER-SHARE-DISTRIBUTIONS>                                                                       0.55
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                            17.27
<EXPENSE-RATIO>                                                                                 2.29
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>

<PAGE>

         SHAREHOLDER MEETING
         On May 29, 1997, a special shareholder meeting was held at which the
         selection of Price Waterhouse LLP as the independent certified public
         accountants and auditors of the Fund for the fiscal year beginning
         December 1, 1996 was ratified (Proposal No. 1), the proposed changes to
         certain of the Fund's fundamental investment policies, including
         changes to the investment objective were approved (Proposal No. 2), the
         Investment Advisory Agreement between the Fund and OppenheimerFunds,
         Inc. was approved (Proposal No. 3), the Subadvisory Agreement between
         OppenheimerFunds, Inc. and OpCap Advisors was approved (Proposal No.
         4), the Fund's Class A 12b-1 Distribution and Service Plan was approved
         by Class A shareholders (Proposal No. 5), the Fund's Class B 12b-1
         Distribution and Service Plan was approved by Class B shareholders
         (Proposal No. 6), the Fund's Class C 12b-1 Distribution and Service
         Plan was approved by Class C shareholders (Proposal No.7) and an
         Administrative Agreement between the Fund and OppenheimerFunds, Inc.
         was approved (Proposal No. 8) as described in the Fund's proxy
         statement for that meeting. The following is a report of the votes
         cast:
<TABLE>
<CAPTION>

                                                          WITHHELD/            BROKER 
NOMINEE/PROPOSAL       FOR               AGAINST          ABSTAIN              NON-VOTES        TOTAL
<S>                    <C>               <C>              <C>                  <C>              <C>                        
Proposal No. 1         7,696,691.277     295,174.800      438,834.311          6,752,254        8,430,700.388

Proposal No. 2         7,296,847.814     606,622.518      614,344.603          6,752,254        8,517,814.935

Proposal No. 3         7,426,790.926     481,323.949      604,384.513          6,752,254        8,512,499.388

Proposal No. 4         7,391,733.444     433,102.169      687,661.775          6,752,254        8,512,497.388

Proposal No. 5         5,373,832.775     399,798.166      487,644.867          4,997,280        6,261,295.808

Proposal No. 6         1,306,267.973     120,458.336      161,725.622          1,239,426        1,588,451.931

Proposal No. 7           634,438.134      18,794.161       14,829.901            515,548          668,062.196

Proposal No. 8         7,361,988.776     442,050.997      659,746.162          6,752,254        8,463,785.935
</TABLE>




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