OPPENHEIMER INTERNATIONAL BOND FUND
N-18F1, 1995-06-02
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                                             Reg. No. 33-58383




                                 FORM N-18F-1



                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549




                Notification of Election Pursuant to Rule 18f-1
                   Under the Investment Company Act of 1940






                      OPPENHEIMER INTERNATIONAL BOND FUND
               3410 South Galena Street, Denver, Colorado 80231
               ------------------------------------------------
                        Name and Address of Registrant

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                           NOTIFICATION OF ELECTION
                           ------------------------


The undersigned registered, open-end, diversified, management investment
company hereby notifies the Securities and Exchange Commission that it
elects to commit itself to pay in cash all redemptions by a shareholder
of record as provided by Rule 18f-1 under the Investment Company Act of
1940.  It is understood that this election is irrevocable while such Rule
is in effect unless the Commission by order upon application permits the
withdrawal of this Notification of Election.



                                   SIGNATURE
                                   ---------

Pursuant to the requirements of Rule 18f-1 under the Investment Company
Act of 1940, the registrant has caused this notification of election to
be duly executed on its behalf in the city of New York and the state of
New York on the 30th day of May, 1995.

                    OPPENHEIMER INTERNATIONAL BOND FUND
                    -----------------------------------
                    Name of Registrant


                    By: /s/ Robert G. Zack
                    -----------------------------------
                    Robert G. Zack, Assistant Secretary

ATTEST:



/s/ Katherine P. Feld
- ---------------------
Katherine P. Feld








SEC/880.18F


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