OppenheimerFunds, Inc.
Two World Financial Center
225 Liberty Street, 11^th Floor
New York, NY 10281-1008

January 3, 2012
 

VIA EDGAR

Securities and Exchange Commission
Mail Stop 0-7, Filer Support
6432 General Green Way
Alexandria, VA 22312

     Re:     Oppenheimer Capital Appreciation Fund
               Registration Nos. 811-03105; 2-69719

To the Securities and Exchange Commission:
 

Pursuant to Rule 497(j) under the Securities Act of 1933, as amended (the "Securities Act"), I hereby represent that the form of Prospectus and Statement of Additional Information that would have been filed pursuant to Rule 497(c) under the Securities Act would not have differed from that contained in Post-Effective Amendment No. 58 to the Registrant’s Registration Statement on Form N-1A, which was filed electronically with the Securities and Exchange Commission on December 23, 2011.

Sincerely,

/s/ Taylor V. Edwards

------------------------------------

Taylor V. Edwards

Vice President &

Associate Counsel

212-323-0310

tedwards@oppenheimerfunds.com

cc:     Valerie Lithotomos, Esq.
         Kramer Levin Naftalis & Frankel LLP

         KPMG LLP
         Gloria LaFond