Katherine P. Feld [logo] OppenheimerFunds
Vice President & Oppenheimer Management Corporation
Associate Counsel Two World Trade Center
New York, NY 10048-0203
212 323-0200 Fax 212 323-0558
January 5, 1996
Securities and Exchange Commission
OFICS Filer Support
Mail Stop 0-7, SEC Operations Center
6432 General Green Way
Alexandria, VA 22312
Re: Oppenheimer Strategic Income & Growth Fund
Reg. No. 33-47378; File No. 811-6639
To the Securities and Exchange Commission:
An electronic ("EDGAR") filing is hereby made on behalf
of Oppenheimer Strategic Income & Growth Fund (the "Registrant")
pursuant to Rule 497(e) of the Securities Act of 1933, as amended.
Such filing includes a supplement dated January 5, 1996, to the
Registrant's Prospectus dated October 1, 1995.
Very truly yours,
/s/ Katherine P. Feld
Katherine P. Feld
Vice President &
Associate Counsel
(212) 323-0552
KPF/gl
Enclosure
cc: Myer, Swanson, Adams & Wolf, P.C.
Deloitte & Touche LLP
Ms. Gloria LaFond
Ms. Grace Loffredo
prosp/275cov.497
