OPPENHEIMER GLOBAL GROWTH & TREASURY
SECURITIES TRUST, SERIES 1
Supplement to the Prospectus dated September 22, 1994
Notwithstanding anything to the contrary in the Prospectus, the
Exchange Fee of $5.00 as indicated on page 12 of the Prospectus
under "Shareholder Transaction Expenses" has been eliminated.
The Annual Fund Operating Expenses chart on page 12 is deleted
and replaced with the following:
<TABLE>
<CAPTION>
Annual Fund Operating Expenses
(as a percentage of average net assets)
Class A
Shares
________
<S> <C>
Management Fees 0.73%
________
12b-1 (Distribution and/or Service Plan) Fees{{ 0.18%
Other Expenses 0.31%
________
Total Fund Operating Expenses* 1.22%
</TABLE>
____________________
[FN]
{{ Effectively, there are no 12b-1 fees on Fund shares held in
the Trust. However, Unit holders who acquire shares of the Fund
through reinvestment of dividends or other distributions or through
reinvestment at the Trust's termination will begin to incur 12b-1
fees at such time as shares are acquired.
* Annual Fund Operating Expenses are less annual 12b-1 fees
rebated to the Sponsor of 0.25% on Fund shares deposited in the
Trust. See "Summary of Essential Information" for a description
of estimated fees and expenses charged per Unit.
The third, fourth, fifth and sixth sentences in the paragraph
immediately below the Annual Fund Operating Expenses chart are
deleted. The expense figures on the bottom of page 12 of the Prospectus
by the end of 1, 3, 5 and 10 years are deleted and replaced with
the following expenses for both Class A Shares and Class A Shares
assuming no redemption: $69, $94, $121 and $197.
Notwithstanding anything to the contrary in the Prospectus, the
following financial information will supplement the information
contained in the chart on page 14.
<TABLE>
<CAPTION>
Class A
Year Ended September 30,
Per Share Operating Data 1994
________________________ ________
<S> <C>
Net asset value, beginning of period $35.04
________
Income (loss) from investment operations:
Net investment income .17
Net realized and unrealized
gain (loss) on
investments and foreign
currency transactions 6.10
________
Total income (loss)
from investment operations 6.27
========
Dividends and distributions to shareholders:
Dividends from net investment income (.25)
Distributions from net realized
gain on investments
and foreign currency transactions (3.37)
________
Total dividends and distributions
to shareholders (3.62)
________
Net asset value, end of period $37.69
========
Total Return, at Net Asset Value* 19.19%
Ratios/Supplemental Data:
Net assets, end of period (in millions) $1,921
Average net assets (in millions) $1,711
Number of shares outstanding at end
of period (in thousands) 50,955
Amount of debt outstanding at end
of period (in thousands) N/A
Average amount of debt outstanding throughout
each period (in thousands) N/A
Average number of shares outstanding throughout
each period (in thousands) N/A
Average amount of debt per share outstanding
throughout each period N/A
Ratios to average net assets:
Net investment income (loss) .38%
Expenses 1.15%
Portfolio turnover rate** 78.30%
</TABLE>
____________________
[FN]
* Assumes a hypothetical initial investment on the business day
before the first day of the fiscal period, with all dividends
and distributions reinvested in additional shares on the reinvestment
date, and redemption at the net asset value calculated on the
last business day of the fiscal period. Sales charges are not
reflected in the total returns.
** The lesser of purchases or sales of portfolio securities for
a period, divided by the monthly average of the market value of
portfolio securities owned during the period. Securities with
a maturity or expiration date at the time of acquisition of one
year or less are excluded from the calculation. Purchases and
sales of investment securities (excluding short-term securities)
for the year ended September 30, 1994 were $1,557,137,514 and
$1,318,260,043, respectively.
June 16, 1995
