OPPENHEIMER INTERNATIONAL BOND FUND
497, 1995-06-28
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                    OPPENHEIMER INTERNATIONAL BOND FUND
                   Supplement dated June 19, 1995 to the
                       Prospectus dated June 5, 1995

               For Use by Residents of the State of Maryland


The Prospectus is amended as follows:

1.  The second paragraph under the caption "Derivative Investments" on
page 13 is deleted and replaced with the following:

    Derivative investments used by the Fund are used in some cases for
    hedging purposes and in other cases to attempt to seek income or
    total return.  In the broadest sense, exchange-traded options and
    futures contracts (discussed in "Hedging," below) may be
    considered "derivative investments."  Any derivative instrument
    that is a debt security will be included for purposes of the
    Fund's 65% Policy.




June 19, 1995                                                    PS0880.501



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