OPPENHEIMER INTERNATIONAL BOND FUND
NSAR-A, 1996-05-28
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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>                       939800                           
<NAME>                 Oppheimer International Bond Fund - A   
<SERIES>                                                     
   <NUMBER>                  1                               
   <NAME>                  Opp International Bond Fund       
       
<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>                                            35,733,311
<INVESTMENTS-AT-VALUE>                                           35,962,775
<RECEIVABLES>                                                     2,251,677
<ASSETS-OTHER>                                                        2,759
<OTHER-ITEMS-ASSETS>                                                 92,782
<TOTAL-ASSETS>                                                   38,309,993
<PAYABLE-FOR-SECURITIES>                                          3,434,170
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                           220,006
<TOTAL-LIABILITIES>                                               3,654,176
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                         34,108,844
<SHARES-COMMON-STOCK>                                             2,905,689
<SHARES-COMMON-PRIOR>                                               781,299
<ACCUMULATED-NII-CURRENT>                                                 0
<OVERDISTRIBUTION-NII>                                                    0
<ACCUMULATED-NET-GAINS>                                             286,776
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                            260,197
<NET-ASSETS>                                                     15,282,775
<DIVIDEND-INCOME>                                                         0
<INTEREST-INCOME>                                                 1,030,053
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      161,807
<NET-INVESTMENT-INCOME>                                             868,246
<REALIZED-GAINS-CURRENT>                                            286,965
<APPREC-INCREASE-CURRENT>                                           172,146
<NET-CHANGE-FROM-OPS>                                             1,327,357
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                           409,238
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
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<PER-SHARE-NAV-BEGIN>                                                     5.10
<PER-SHARE-NII>                                                           0.26
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<EXPENSE-RATIO>                                                           1.29
<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>                       939800                           
<NAME>                   Oppenheimer International Bond Fund - B   
<SERIES>                                                     
   <NUMBER>                  1                               
   <NAME>                  Opp International Bond            
       
<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>                                            35,733,311
<INVESTMENTS-AT-VALUE>                                           35,962,775
<RECEIVABLES>                                                     2,251,677
<ASSETS-OTHER>                                                        2,759
<OTHER-ITEMS-ASSETS>                                                 92,782
<TOTAL-ASSETS>                                                   38,309,993
<PAYABLE-FOR-SECURITIES>                                          3,434,170
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                           220,006
<TOTAL-LIABILITIES>                                               3,654,176
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                         34,108,844
<SHARES-COMMON-STOCK>                                             2,910,641
<SHARES-COMMON-PRIOR>                                               635,325
<ACCUMULATED-NII-CURRENT>                                                 0
<OVERDISTRIBUTION-NII>                                                    0
<ACCUMULATED-NET-GAINS>                                             286,776
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                            260,197
<NET-ASSETS>                                                     15,288,637
<DIVIDEND-INCOME>                                                         0
<INTEREST-INCOME>                                                 1,030,053
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      161,807
<NET-INVESTMENT-INCOME>                                             868,246
<REALIZED-GAINS-CURRENT>                                            286,965
<APPREC-INCREASE-CURRENT>                                           172,146
<NET-CHANGE-FROM-OPS>                                             1,327,357
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                           385,159
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
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<NUMBER-OF-SHARES-REDEEMED>                                         170,979
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<NET-CHANGE-IN-ASSETS>                                           27,233,215
<ACCUMULATED-NII-PRIOR>                                                   0
<ACCUMULATED-GAINS-PRIOR>                                              (189)
<OVERDISTRIB-NII-PRIOR>                                                   0
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                                67,971
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                     184,218
<AVERAGE-NET-ASSETS>                                              8,393,000
<PER-SHARE-NAV-BEGIN>                                                     5.10
<PER-SHARE-NII>                                                           0.24
<PER-SHARE-GAIN-APPREC>                                                   0.15
<PER-SHARE-DIVIDEND>                                                      0.24
<PER-SHARE-DISTRIBUTIONS>                                                 0.00
<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                       5.25
<EXPENSE-RATIO>                                                           2.16
<AVG-DEBT-OUTSTANDING>                                                    0
<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                                                  
<CIK>                       939800                           
<NAME>                    Oppenheimer International Bond Fund - C   
<SERIES>                                                     
   <NUMBER>                  1                               
   <NAME>                  Opp International Bond            
       
<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>                                            35,733,311
<INVESTMENTS-AT-VALUE>                                           35,962,775
<RECEIVABLES>                                                     2,251,677
<ASSETS-OTHER>                                                        2,759
<OTHER-ITEMS-ASSETS>                                                 92,782
<TOTAL-ASSETS>                                                   38,309,993
<PAYABLE-FOR-SECURITIES>                                          3,434,170
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                           220,006
<TOTAL-LIABILITIES>                                               3,654,176
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                         34,108,844
<SHARES-COMMON-STOCK>                                               778,054
<SHARES-COMMON-PRIOR>                                                39,431
<ACCUMULATED-NII-CURRENT>                                                 0
<OVERDISTRIBUTION-NII>                                                    0
<ACCUMULATED-NET-GAINS>                                             286,776
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                            260,197
<NET-ASSETS>                                                      4,084,405
<DIVIDEND-INCOME>                                                         0
<INTEREST-INCOME>                                                 1,030,053
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                      161,807
<NET-INVESTMENT-INCOME>                                             868,246
<REALIZED-GAINS-CURRENT>                                            286,965
<APPREC-INCREASE-CURRENT>                                           172,146
<NET-CHANGE-FROM-OPS>                                             1,327,357
<EQUALIZATION>                                                            0
<DISTRIBUTIONS-OF-INCOME>                                            73,849
<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
<NUMBER-OF-SHARES-SOLD>                                             747,884
<NUMBER-OF-SHARES-REDEEMED>                                          14,973
<SHARES-REINVESTED>                                                   5,712
<NET-CHANGE-IN-ASSETS>                                           27,233,215
<ACCUMULATED-NII-PRIOR>                                                   0
<ACCUMULATED-GAINS-PRIOR>                                              (189)
<OVERDISTRIB-NII-PRIOR>                                                   0
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                                67,971
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                     184,218
<AVERAGE-NET-ASSETS>                                              1,679,000
<PER-SHARE-NAV-BEGIN>                                                     5.09
<PER-SHARE-NII>                                                           0.24
<PER-SHARE-GAIN-APPREC>                                                   0.16
<PER-SHARE-DIVIDEND>                                                      0.24
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<RETURNS-OF-CAPITAL>                                                      0.00
<PER-SHARE-NAV-END>                                                       5.25
<EXPENSE-RATIO>                                                           2.16
<AVG-DEBT-OUTSTANDING>                                                    0
<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>


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