(logo)OPPENHEIMERFUNDS
Patricia C. Foster OppenheimerFunds, Inc.
Vice President Two World Trade Center, 34th Floor
and Assistant Counsel New York, NY 10048-0203
212 323-2000 Fax 212 323-0558
January 31, 1997
Securities and Exchange Commission
Mail Stop 0-7, Filer Support
6432 General Green Way
Alexandria, VA 22312
RE: Oppenheimer International Bond Fund ("Registrant")
Reg No. 33-58383
File No. 811-07255
To the Securities and Exchange Commission:
An electronic filing is hereby made on behalf of the Registrant
pursuant to Rule 497(e) of the Securities Act of 1933, as amended. Such filing
includes a supplement dated February 1, 1997 to the Registrant's Prospectus
dated February 1, 1997.
If there are any questions, please contact the undersigned.
Sincerely,
/s/ Patricia C. Foster
--------------------------
Patricia C. Foster
Vice President
and Assistant Counsel
(800) 552-1149
cc: Deloitte & Touche LLP
Myer, Swanson, Adams & Wolf P.C.
Gloria LaFond
Grace Loffredo
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OPPENHEIMER INTERNATIONAL BOND FUND
Supplement dated February 1, 1997 to the
Prospectus dated February 1, 1997
The Prospectus is changed as follows:
In addition to paying dealers the regular commission for (1) sales of
Class A shares stated in the sales charge table in "Buying Class A Shares" on
page 30, (2) sales of Class B shares described in the fourth paragraph in
"Distribution and Service Plans for Class B and Class C Shares" on page 37, and
(3) sales of Class C shares described in the fifth paragraph in "Distribution
and Service Plans for Class B and Class C Shares" on page 37, the Distributor
will pay additional commission to each broker, dealer and financial institution
that has a sales agreement with the Distributor and agrees to accept that
additional commission (these are referred to as "participating firms") for Class
A, Class B and Class C shares of the Fund sold in "qualifying transactions" (the
"promotion"). The additional commission will be 1.00% of the offering price of
shares of the Fund sold by a registered representative or sales representative
of a participating firm during the promotion. If the additional commission is
paid on the sale of Class A shares of $500,000 or more or the sale of Class A
shares to a SEP IRA with 100 or more eligible participants and those shares are
redeemed within 13 months from the end of the month in which they were
purchased, the participating firm will be required to return the additional
commission.
"Qualifying transactions" are aggregate sales of $150,000 or more of
Class A, Class B and/or Class C shares of any one or more of the Oppenheimer
funds (except money market funds and municipal bond funds) for rollovers or
trustee-to-trustee transfers from another retirement plan trustee, of IRA assets
or other employee benefit plan assets from an account or investment other than
an account or investment in the Oppenheimer funds to (1) IRAs, rollover IRAs,
SEP IRAs and SAR-SEP IRAs, using the OppenheimerFunds, Inc. prototype IRA
agreement, if the rollover contribution is received during the period from
January 1, 1997 through April 15, 1997 (the "promotion period"), or the
acceptance of a direct rollover or trustee-to-trustee transfer is acknowledged
by the trustee of the OppenheimerFunds prototype IRA during the promotion
period, and (2) IRAs, rollover IRAs, SEP IRAs and SAR-SEP IRAs using the A.G.
Edwards & Sons, Inc. prototype IRA agreement, if the rollover contribution or
trustee-to-trustee payment is received during the promotion period. "Qualifying
transactions" do not include (1) purchases of Class A shares intended but not
yet made under a Letter of Intent, and (2) purchases of Class A, Class B and/or
Class C shares with the redemption proceeds from an existing Oppenheimer funds
account.
February 1, 1997 PS0880.009
