OPPENHEIMER STRATEGIC INCOME & GROWTH FUND
NSAR-A, 1996-05-24
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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>                       886921                           
<NAME>     OPPENHEIMER STRATEGIC INCOME & GROWTH FUND - A               
       
<S>                                                         <C>
<PERIOD-TYPE>                                               6-MOS
<FISCAL-YEAR-END>                                           SEP-30-1996
<PERIOD-START>                                              OCT-01-1995
<PERIOD-END>                                                MAR-31-1996
<INVESTMENTS-AT-COST>                                            61,673,619
<INVESTMENTS-AT-VALUE>                                           68,096,755
<RECEIVABLES>                                                     1,943,111
<ASSETS-OTHER>                                                        5,293
<OTHER-ITEMS-ASSETS>                                                 93,797
<TOTAL-ASSETS>                                                   70,138,956
<PAYABLE-FOR-SECURITIES>                                          1,547,769
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                           538,923
<TOTAL-LIABILITIES>                                               2,086,692
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                         60,829,785
<SHARES-COMMON-STOCK>                                             7,646,563
<SHARES-COMMON-PRIOR>                                             7,643,377
<ACCUMULATED-NII-CURRENT>                                                 0
<OVERDISTRIBUTION-NII>                                              175,104
<ACCUMULATED-NET-GAINS>                                             922,663
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                          6,474,920
<NET-ASSETS>                                                     43,273,054
<DIVIDEND-INCOME>                                                   210,394
<INTEREST-INCOME>                                                 2,201,409
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      543,789
<NET-INVESTMENT-INCOME>                                           1,868,014
<REALIZED-GAINS-CURRENT>                                          3,590,279
<APPREC-INCREASE-CURRENT>                                           (63,051)
<NET-CHANGE-FROM-OPS>                                             5,395,242
<EQUALIZATION>                                                            0
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<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
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<ACCUMULATED-NII-PRIOR>                                                   0
<ACCUMULATED-GAINS-PRIOR>                                        (2,667,616)
<OVERDISTRIB-NII-PRIOR>                                             129,448
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                               245,967
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                     543,789
<AVERAGE-NET-ASSETS>                                             42,941,000
<PER-SHARE-NAV-BEGIN>                                                     5.36
<PER-SHARE-NII>                                                           0.17
<PER-SHARE-GAIN-APPREC>                                                   0.30
<PER-SHARE-DIVIDEND>                                                      0.17
<PER-SHARE-DISTRIBUTIONS>                                                 0.00
<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                       5.66
<EXPENSE-RATIO>                                                           1.40
<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>                       886921                           
<NAME>     OPPENHEIMER STRATEGIC INCOME & GROWTH FUND - B               
       
<S>                                                         <C>
<PERIOD-TYPE>                                               6-MOS
<FISCAL-YEAR-END>                                           SEP-30-1996
<PERIOD-START>                                              OCT-01-1995
<PERIOD-END>                                                MAR-31-1996
<INVESTMENTS-AT-COST>                                            61,673,619
<INVESTMENTS-AT-VALUE>                                           68,096,755
<RECEIVABLES>                                                     1,943,111
<ASSETS-OTHER>                                                        5,293
<OTHER-ITEMS-ASSETS>                                                 93,797
<TOTAL-ASSETS>                                                   70,138,956
<PAYABLE-FOR-SECURITIES>                                          1,547,769
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                           538,923
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<SENIOR-EQUITY>                                                           0
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<SHARES-COMMON-PRIOR>                                             3,714,937
<ACCUMULATED-NII-CURRENT>                                                 0
<OVERDISTRIBUTION-NII>                                              175,104
<ACCUMULATED-NET-GAINS>                                             922,663
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                          6,474,920
<NET-ASSETS>                                                     24,558,516
<DIVIDEND-INCOME>                                                   210,394
<INTEREST-INCOME>                                                 2,201,409
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      543,789
<NET-INVESTMENT-INCOME>                                           1,868,014
<REALIZED-GAINS-CURRENT>                                          3,590,279
<APPREC-INCREASE-CURRENT>                                           (63,051)
<NET-CHANGE-FROM-OPS>                                             5,395,242
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                           599,277
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
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<NET-CHANGE-IN-ASSETS>                                            7,189,766
<ACCUMULATED-NII-PRIOR>                                                   0
<ACCUMULATED-GAINS-PRIOR>                                        (2,667,616)
<OVERDISTRIB-NII-PRIOR>                                             129,448
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                               245,967
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                     543,789
<AVERAGE-NET-ASSETS>                                             22,476,000
<PER-SHARE-NAV-BEGIN>                                                     5.35
<PER-SHARE-NII>                                                           0.15
<PER-SHARE-GAIN-APPREC>                                                   0.30
<PER-SHARE-DIVIDEND>                                                      0.15
<PER-SHARE-DISTRIBUTIONS>                                                 0.00
<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                       5.65
<EXPENSE-RATIO>                                                           2.16
<AVG-DEBT-OUTSTANDING>                                                    0
<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                                                  
<CIK>                       886921                           
<NAME>     OPPENHEIMER STRATEGIC INCOME & GROWTH FUND - C               
       
<S>                                                         <C>
<PERIOD-TYPE>                                               6-MOS
<FISCAL-YEAR-END>                                           SEP-30-1996
<PERIOD-START>                                              OCT-02-1995
<PERIOD-END>                                                MAR-31-1996
<INVESTMENTS-AT-COST>                                            61,673,619
<INVESTMENTS-AT-VALUE>                                           68,096,755
<RECEIVABLES>                                                     1,943,111
<ASSETS-OTHER>                                                        5,293
<OTHER-ITEMS-ASSETS>                                                 93,797
<TOTAL-ASSETS>                                                   70,138,956
<PAYABLE-FOR-SECURITIES>                                          1,547,769
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                           538,923
<TOTAL-LIABILITIES>                                               2,086,692
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                         60,829,785
<SHARES-COMMON-STOCK>                                                39,056
<SHARES-COMMON-PRIOR>                                                     0
<ACCUMULATED-NII-CURRENT>                                                 0
<OVERDISTRIBUTION-NII>                                              175,104
<ACCUMULATED-NET-GAINS>                                             922,663
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                          6,474,920
<NET-ASSETS>                                                        220,694
<DIVIDEND-INCOME>                                                   210,394
<INTEREST-INCOME>                                                 2,201,409
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      543,789
<NET-INVESTMENT-INCOME>                                           1,868,014
<REALIZED-GAINS-CURRENT>                                          3,590,279
<APPREC-INCREASE-CURRENT>                                           (63,051)
<NET-CHANGE-FROM-OPS>                                             5,395,242
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                             3,170
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
<NUMBER-OF-SHARES-SOLD>                                              68,330
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<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                     543,789
<AVERAGE-NET-ASSETS>                                                124,000
<PER-SHARE-NAV-BEGIN>                                                     5.36
<PER-SHARE-NII>                                                           0.14
<PER-SHARE-GAIN-APPREC>                                                   0.30
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<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                       5.65
<EXPENSE-RATIO>                                                           2.27
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<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>


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