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<PAGE> PAGE 2
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<PAGE> PAGE 7
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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<PAGE>
6. ACQUISITION OF OPPENHEIMER STRATEGIC SHORT-TERM INCOME FUND
On September 22, 1995, the Fund acquired all of the net assets of
Oppenheimer Strategic Short-Term Income Fund, pursuant to an Agreement and Plan
of Reorganization approved by the Oppenheimer Strategic Short-Term Income Fund
shareholders on February 28, 1995. The Fund issued 1,615,189 and 810,988 shares
of beneficial interest for Class A and Class B, respectively, valued at
$16,862,577 and $8,466,715 in exchange for the net assets, resulting in combined
Class A net assets of $342,039,434 and Class B net assets of $118,635,825 on
September 22, 1995. The exchange qualified as a tax-free reorganization for
federal income tax purposes.
