OPPENHEIMER ENTERPRISE FUND
497, 2000-05-02
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                           OPPENHEIMER ENTERPRISE FUND
                     Supplement dated Aprl 13, 2000 to the
                       Prospectus dated December 17, 1999


The Prospectus is changed as follows:

1.    In the section captioned "About The Fund - The Fund's Investment Objective
      and Strategies," the third sentence of the paragraph titled "What Does the
      Fund Mainly Invest In?" on page 3 is revised to read as follows: "The Fund
      currently defines a "small cap" issuer as one having a market
      capitalization up to $2.5 billion."

2.    In the section captioned "About The Fund - The Fund's Investment Objective
      and Strategies," the first bullet point under the sub-heading "How Does
      The Portfolio Manager Decide What Securities To Buy or Sell?" on page 3 is
      revised to read as follows: "Companies with small capitalizations,
      currently defined as up to $2.5 billion."

3.    The first sentence of the paragraph titled "Special Risks of Small-Cap
      Stocks" in the section captioned "About The Fund - Main Risks of Investing
      in the Fund" on page 4 is revised to read as follows: "The Fund focuses
      its investments on securities of companies having a market capitalization
      up to $2.5 billion, which are generally newer companies."

4.    In the section captioned "About the Fund's Investments - The Fund's
      Principal Investment Policies," the second sentence of the third paragraph
      in the section titled "Small-Cap Stock Investments" on page 8 is revised
      to read as follows: "It is not required to sell a security if the issuer's
      capitalization grows above $2.5 billion."




April 13, 2000                                                       PS0885.014




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