-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 KoLRqi0Bl9vcq6jmnHPa/ByMnX1x3dyUDCOeWVO958UVlkqXgnMFKHbk0NMQv4/b
 himemRHu3dgWaWcQdX40nA==

<SEC-DOCUMENT>0000319767-00-000008.txt : 20001229
<SEC-HEADER>0000319767-00-000008.hdr.sgml : 20001229
ACCESSION NUMBER:		0000319767-00-000008
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20001228

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OPPENHEIMER CAPITAL APPRECIATION FUND
		CENTRAL INDEX KEY:			0000319767
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133054122
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	002-69719
		FILM NUMBER:		797309

	BUSINESS ADDRESS:	
		STREET 1:		TWO WORLD TRADE CTR SUITE 3400
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10048
		BUSINESS PHONE:		2123230200

	MAIL ADDRESS:	
		STREET 1:		2 WORLD TRADE CENTER 34TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10048

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OPPENHEIMER TARGET FUND
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OPPENHEIMER TARGET FUND INC
		DATE OF NAME CHANGE:	19870616
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>OPPENHEIMER CAPITAL APPRECIATION FUND
<TEXT>


                     OPPENHEIMER CAPITAL APPRECIATION FUND
                    Supplement dated December 26, 2000 to the
           Statement of Additional Information dated December 26, 2000


     Class N shares of Oppenheimer  Capital  Appreciation Fund are not currently
being offered for sale.


                      OPPENHEIMER CAPITAL APPRECIATION FUND
                    Supplement dated December 26, 2000 to the
                       Prospectus dated December 26, 2000


         Class  N  shares  of  Oppenheimer  Capital  Appreciation  Fund  are not
currently being offered for sale.


December 26, 2000                                          PS0320.010


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----