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                                                OPPENHEIMERFUNDS
                                                OppenheimerFunds, Inc.
                                                Rochester Division
                                                350 Linden Oaks
                                                Rochester, NY 14625-2807
                                                Tel 716 383-1300




                                July 30, 1998



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

      Re:   Oppenheimer Large Cap Value Fund
            File No. 333-56847

Ladies and Gentlemen:

      On June 15, 1998,  Oppenheimer Large Cap Value Fund ("Registrant") filed a
registration  statement  on Form N-1A under the  Securities  Act of 1933 and the
Investment Company Act of 1940, together with a delaying amendment and a request
for acceleration of the effective date of the  registration  statement to August
3, 1998 pursuant to Rule 461 under the  Securities  Act of 1933.  The filing was
effected electronically (Accession Number 0001063354-98-000003).

      Registrant  hereby  requests   withdrawal  of  its  previous  request  for
acceleration  of the effective date of its  registration  statement.  Registrant
intends to file an  amendment  in order to address  comments  received  from the
staff of the Securities and Exchange Commission as set forth in its letter dated
July 15, 1998.

                        Very truly yours,

                        /s/ Patricia C. Foster
                        Patricia C. Foster
                        Vice President/Assistant Counsel





cc:   Randolph S. Koch, Financial Analyst
      Andrew J. Donohue, Esq.
      Ronald Feiman, Esq.