-----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, QxG8ibKARRE7IrBCBdzpBnu5VDf1D2/e2GUKC+X+XNHngxGENlQ/jsdp7oR3/S2M ixOQ8k6O+bxvOsCnCB37vg== 0000935069-06-000180.txt : 20060127 0000935069-06-000180.hdr.sgml : 20060127 20060127132730 ACCESSION NUMBER: 0000935069-06-000180 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051130 FILED AS OF DATE: 20060127 DATE AS OF CHANGE: 20060127 EFFECTIVENESS DATE: 20060127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER CAPITAL APPRECIATION FUND CENTRAL INDEX KEY: 0000319767 IRS NUMBER: 133054122 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-03105 FILM NUMBER: 06556591 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 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 N-Q 1 rq320_18649nq.txt RQ320_18649NQ.TXT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-3105 -------- OPPENHEIMER CAPITAL APPRECIATION FUND ------------------------------------- (Exact name of registrant as specified in charter) 6803 SOUTH TUCSON WAY, CENTENNIAL, COLORADO 80112-3924 ------------------------------------------------------ (Address of principal executive offices) (Zip code) Robert G. Zack, Esq. OppenheimerFunds, Inc. TWO WORLD FINANCIAL CENTER, NEW YORK, NEW YORK 10281-1008 --------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (303) 768-3200 -------------- Date of fiscal year end: AUGUST 31 --------- Date of reporting period: NOVEMBER 30, 2005 ----------------- ITEM 1. SCHEDULE OF INVESTMENTS. Oppenheimer Capital Appreciation Fund STATEMENT OF INVESTMENTS NOVEMBER 30, 2005 / UNAUDITED - --------------------------------------------------------------------------------
SHARES VALUE - --------------------------------------------------------------------------------------- COMMON STOCKS--98.3% - --------------------------------------------------------------------------------------- CONSUMER DISCRETIONARY--15.0% - --------------------------------------------------------------------------------------- AUTOMOBILES--0.4% Toyota Motor Corp. 836,500 $ 40,425,131 - --------------------------------------------------------------------------------------- HOTELS, RESTAURANTS & LEISURE--2.1% Carnival Corp. 2,549,200 138,905,908 - --------------------------------------------------------------------------------------- Starbucks Corp. 1 1,601,800 48,774,810 ------------ 187,680,718 - --------------------------------------------------------------------------------------- HOUSEHOLD DURABLES--0.7% Toll Brothers, Inc. 1 1,814,600 62,422,240 - --------------------------------------------------------------------------------------- INTERNET & CATALOG RETAIL--1.9% eBay, Inc. 1 3,753,300 168,185,373 - --------------------------------------------------------------------------------------- MEDIA--4.0% Comcast Corp., Cl. A Special, Non-Vtg. 1 5,182,725 134,958,159 - --------------------------------------------------------------------------------------- Time Warner, Inc. 4,987,400 89,673,452 - --------------------------------------------------------------------------------------- Walt Disney Co. (The) 3,352,000 83,565,360 - --------------------------------------------------------------------------------------- XM Satellite Radio Holdings, Inc. 1 1,916,500 56,076,790 ------------ 364,273,761 - --------------------------------------------------------------------------------------- MULTILINE RETAIL--1.8% J.C. Penney Co., Inc. (Holding Co.) 903,900 47,427,633 - --------------------------------------------------------------------------------------- Kohl's Corp. 1 1,463,100 67,302,600 - --------------------------------------------------------------------------------------- Target Corp. 849,880 45,477,079 ------------ 160,207,312 - --------------------------------------------------------------------------------------- SPECIALTY RETAIL--3.8% Best Buy Co., Inc. 1,468,600 70,845,264 - --------------------------------------------------------------------------------------- Lowe's Cos., Inc. 1,662,600 112,192,248 - --------------------------------------------------------------------------------------- Michaels Stores, Inc. 1,139,600 42,621,040 - --------------------------------------------------------------------------------------- Staples, Inc. 2,821,000 65,165,100 - --------------------------------------------------------------------------------------- Williams-Sonoma, Inc. 1 1,087,800 47,199,642 ------------ 338,023,294 - --------------------------------------------------------------------------------------- TEXTILES, APPAREL & LUXURY GOODS--0.3% Coach, Inc. 1 720,100 24,793,043 - --------------------------------------------------------------------------------------- CONSUMER STAPLES--8.5% - --------------------------------------------------------------------------------------- BEVERAGES--1.2% PepsiCo, Inc. 1,876,610 111,095,312 - --------------------------------------------------------------------------------------- FOOD & STAPLES RETAILING--2.9% Costco Wholesale Corp. 802,288 40,098,354 - --------------------------------------------------------------------------------------- CVS Corp. 3,169,200 85,631,784 - --------------------------------------------------------------------------------------- Sysco Corp. 1,806,000 58,369,920 - --------------------------------------------------------------------------------------- Wal-Mart Stores, Inc. 1,621,500 78,740,040 ------------ 262,840,098 - --------------------------------------------------------------------------------------- FOOD PRODUCTS--2.0% Cadbury Schweppes plc 8,215,240 78,920,291 - --------------------------------------------------------------------------------------- Nestle SA 348,494 102,659,814 ------------ 181,580,105 - --------------------------------------------------------------------------------------- HOUSEHOLD PRODUCTS--2.4% Procter & Gamble Co. (The) 2,307,600 131,971,644
1 | OPPENHEIMER CAPITAL APPRECIATION FUND Oppenheimer Capital Appreciation Fund STATEMENT OF INVESTMENTS NOVEMBER 30, 2005 / UNAUDITED - --------------------------------------------------------------------------------
SHARES VALUE - --------------------------------------------------------------------------------------- COMMON STOCKS CONTINUED - --------------------------------------------------------------------------------------- HOUSEHOLD PRODUCTS CONTINUED Reckitt Benckiser plc 2,558,070 $ 78,840,845 ------------ 210,812,489 - --------------------------------------------------------------------------------------- ENERGY--6.7% - --------------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES--4.2% Halliburton Co. 933,100 59,391,815 - --------------------------------------------------------------------------------------- Schlumberger Ltd. 1,446,600 138,483,018 - --------------------------------------------------------------------------------------- Smith International, Inc. 2,563,500 96,874,665 - --------------------------------------------------------------------------------------- Transocean, Inc. 1 1,263,900 80,687,376 ------------ 375,436,874 - --------------------------------------------------------------------------------------- OIL & GAS--2.5% Apache Corp. 657,600 42,928,128 - --------------------------------------------------------------------------------------- EOG Resources, Inc. 858,300 61,583,025 - --------------------------------------------------------------------------------------- Kinder Morgan Management LLC 1,075,075 51,496,093 - --------------------------------------------------------------------------------------- Occidental Petroleum Corp. 897,500 71,171,750 ------------ 227,178,996 - --------------------------------------------------------------------------------------- FINANCIALS--8.9% - --------------------------------------------------------------------------------------- COMMERCIAL BANKS--0.5% Bank of America Corp. 897,800 41,200,042 - --------------------------------------------------------------------------------------- DIVERSIFIED FINANCIAL SERVICES--5.3% American Express Co. 912,540 46,922,807 - --------------------------------------------------------------------------------------- Chicago Mercantile Exchange (The) 193,200 68,421,780 - --------------------------------------------------------------------------------------- Citigroup, Inc. 1,184,641 57,514,321 - --------------------------------------------------------------------------------------- Franklin Resources, Inc. 593,700 55,142,856 - --------------------------------------------------------------------------------------- Goldman Sachs Group, Inc. (The) 786,900 101,478,624 - --------------------------------------------------------------------------------------- Legg Mason, Inc. 536,500 65,801,725 - --------------------------------------------------------------------------------------- Lehman Brothers Holdings, Inc. 250,500 31,563,000 - --------------------------------------------------------------------------------------- Nomura Securities Co. Ltd. 2,139,700 35,573,800 - --------------------------------------------------------------------------------------- T. Rowe Price Group, Inc. 270,200 19,440,890 ------------ 481,859,803 - --------------------------------------------------------------------------------------- INSURANCE--3.1% American International Group, Inc. 1,811,700 121,637,538 - --------------------------------------------------------------------------------------- Hartford Financial Services Group, Inc. (The) 697,300 60,923,101 - --------------------------------------------------------------------------------------- Prudential Financial, Inc. 1,209,000 93,576,600 ------------ 276,137,239 - --------------------------------------------------------------------------------------- HEALTH CARE--18.2% - --------------------------------------------------------------------------------------- BIOTECHNOLOGY--4.6% Amgen, Inc. 1 2,284,200 184,860,306 - --------------------------------------------------------------------------------------- Genentech, Inc. 1 810,400 77,490,448 - --------------------------------------------------------------------------------------- Genzyme Corp. (General Division) 1 1,092,100 81,186,714 - --------------------------------------------------------------------------------------- Gilead Sciences, Inc. 1 628,500 31,858,665 - --------------------------------------------------------------------------------------- MedImmune, Inc. 1 1,071,000 38,459,610 ------------ 413,855,743 - --------------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES--4.4% Fisher Scientific International, Inc. 1 997,500 64,318,800 - --------------------------------------------------------------------------------------- Medtronic, Inc. 3,457,795 192,149,668 - --------------------------------------------------------------------------------------- PerkinElmer, Inc. 2,225,600 50,765,936
2 | OPPENHEIMER CAPITAL APPRECIATION FUND Oppenheimer Capital Appreciation Fund STATEMENT OF INVESTMENTS NOVEMBER 30, 2005 / UNAUDITED - --------------------------------------------------------------------------------
SHARES VALUE - --------------------------------------------------------------------------------------- COMMON STOCKS CONTINUED - --------------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES CONTINUED - --------------------------------------------------------------------------------------- Stryker Corp. 799,900 $ 34,635,670 - --------------------------------------------------------------------------------------- Varian Medical Systems, Inc. 1 1,075,400 54,651,828 ------------ 396,521,902 - --------------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES--3.5% Aetna, Inc. 684,500 63,309,405 - --------------------------------------------------------------------------------------- Caremark Rx, Inc. 1 875,900 45,012,501 - --------------------------------------------------------------------------------------- Medco Health Solutions, Inc. 1 749,100 40,189,215 - --------------------------------------------------------------------------------------- Patterson Cos., Inc. 1 646,900 22,602,686 - --------------------------------------------------------------------------------------- Quest Diagnostics, Inc. 794,000 39,771,460 - --------------------------------------------------------------------------------------- UnitedHealth Group, Inc. 1,655,000 99,068,300 ------------ 309,953,567 - --------------------------------------------------------------------------------------- PHARMACEUTICALS--5.7% Johnson & Johnson 1,755,200 108,383,600 - --------------------------------------------------------------------------------------- Novartis AG 2,582,452 134,732,856 - --------------------------------------------------------------------------------------- Roche Holdings AG 705,491 105,572,049 - --------------------------------------------------------------------------------------- Sanofi-Aventis SA 839,280 67,518,307 - --------------------------------------------------------------------------------------- Teva Pharmaceutical Industries Ltd., Sponsored ADR 2,396,950 97,987,316 ------------ 514,194,128 - --------------------------------------------------------------------------------------- INDUSTRIALS--9.3% - --------------------------------------------------------------------------------------- AEROSPACE & DEFENSE--3.3% Empresa Brasileira de Aeronautica SA, ADR 1,835,300 69,209,163 - --------------------------------------------------------------------------------------- General Dynamics Corp. 640,800 73,243,440 - --------------------------------------------------------------------------------------- Lockheed Martin Corp. 1,247,000 75,568,200 - --------------------------------------------------------------------------------------- United Technologies Corp. 1,520,200 81,847,568 ------------ 299,868,371 - --------------------------------------------------------------------------------------- AIR FREIGHT & LOGISTICS--0.5% Expeditors International of Washington, Inc. 630,506 44,772,231 - --------------------------------------------------------------------------------------- AIRLINES--0.3% Southwest Airlines Co. 1,815,300 29,952,450 - --------------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES--0.3% Corporate Executive Board Co. 295,742 25,584,640 - --------------------------------------------------------------------------------------- DIVERSIFIED CONSUMER SERVICES--1.3% Apollo Group, Inc., Cl. A 1 1,573,800 112,054,560 - --------------------------------------------------------------------------------------- INDUSTRIAL CONGLOMERATES--2.7% 3M Co. 181,400 14,236,272 - --------------------------------------------------------------------------------------- General Electric Co. 6,437,500 229,947,500 ------------ 244,183,772 - --------------------------------------------------------------------------------------- MACHINERY--0.9% Danaher Corp. 1,525,200 84,648,600 - --------------------------------------------------------------------------------------- INFORMATION TECHNOLOGY--27.2% - --------------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT--5.7% Cisco Systems, Inc. 1 12,748,040 223,600,622 - --------------------------------------------------------------------------------------- Corning, Inc. 1 3,037,000 61,499,250 - --------------------------------------------------------------------------------------- Motorola, Inc. 3,976,300 95,789,067 - --------------------------------------------------------------------------------------- QUALCOMM, Inc. 1,867,500 84,915,225
3 | OPPENHEIMER CAPITAL APPRECIATION FUND Oppenheimer Capital Appreciation Fund STATEMENT OF INVESTMENTS NOVEMBER 30, 2005 / UNAUDITED - --------------------------------------------------------------------------------
SHARES VALUE - --------------------------------------------------------------------------------------- COMMON STOCKS CONTINUED - --------------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT CONTINUED Telefonaktiebolaget LM Ericsson, Sponsored ADR 1,519,300 $ 49,498,794 ------------ 515,302,958 - --------------------------------------------------------------------------------------- COMPUTERS & PERIPHERALS--3.0% Apple Computer, Inc. 1 804,100 54,534,062 - --------------------------------------------------------------------------------------- Dell, Inc. 1 3,442,900 103,837,864 - --------------------------------------------------------------------------------------- EMC Corp. 1 4,572,500 63,694,925 - --------------------------------------------------------------------------------------- Network Appliance, Inc. 1 1,736,000 50,552,320 ------------ 272,619,171 - --------------------------------------------------------------------------------------- INTERNET SOFTWARE & SERVICES--3.9% Google, Inc., Cl. A 1 351,000 142,151,490 - --------------------------------------------------------------------------------------- VeriSign, Inc. 1 2,040,400 45,358,092 - --------------------------------------------------------------------------------------- Yahoo!, Inc. 1 3,994,200 160,686,666 ------------ 348,196,248 - --------------------------------------------------------------------------------------- IT SERVICES--2.7% Automatic Data Processing, Inc. 2,631,600 123,685,200 - --------------------------------------------------------------------------------------- Cognizant Technology Solutions Corp. 1 1,463,800 71,126,042 - --------------------------------------------------------------------------------------- First Data Corp. 1,087,900 47,073,433 ------------ 241,884,675 - --------------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT--5.5% Advanced Micro Devices, Inc. 1 2,047,200 53,595,696 - --------------------------------------------------------------------------------------- Analog Devices, Inc. 605,340 22,954,493 - --------------------------------------------------------------------------------------- Broadcom Corp., Cl. A 1 2,445,100 113,794,954 - --------------------------------------------------------------------------------------- International Rectifier Corp. 1 983,900 34,889,094 - --------------------------------------------------------------------------------------- Linear Technology Corp. 2,406,200 89,775,322 - --------------------------------------------------------------------------------------- Marvell Technology Group Ltd. 1 768,200 42,665,828 - --------------------------------------------------------------------------------------- Microchip Technology, Inc. 1,515,100 50,543,736 - --------------------------------------------------------------------------------------- Texas Instruments, Inc. 2,616,500 84,983,920 ------------ 493,203,043 - --------------------------------------------------------------------------------------- SOFTWARE--6.4% Adobe Systems, Inc. 2,743,468 89,464,491 - --------------------------------------------------------------------------------------- Amdocs Ltd. 1 1,207,100 31,903,653 - --------------------------------------------------------------------------------------- Autodesk, Inc. 1,268,400 52,917,648 - --------------------------------------------------------------------------------------- Microsoft Corp. 9,915,611 274,761,581 - --------------------------------------------------------------------------------------- SAP AG, Sponsored ADR 2,844,400 128,424,660 ------------ 577,472,033 - --------------------------------------------------------------------------------------- MATERIALS--2.6% - --------------------------------------------------------------------------------------- CHEMICALS--2.6% Monsanto Co. 1,425,700 104,461,039 - --------------------------------------------------------------------------------------- Praxair, Inc. 2,525,900 131,346,800 ------------ 235,807,839 - --------------------------------------------------------------------------------------- TELECOMMUNICATION SERVICES--1.9% - --------------------------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES--1.9% American Tower Corp. 1 2,358,200 64,355,278
4 | OPPENHEIMER CAPITAL APPRECIATION FUND Oppenheimer Capital Appreciation Fund STATEMENT OF INVESTMENTS NOVEMBER 30, 2005 / UNAUDITED - --------------------------------------------------------------------------------
SHARES VALUE - ------------------------------------------------------------------------------------------------------ COMMON STOCKS CONTINUED - ------------------------------------------------------------------------------------------------------ DIVERSIFIED TELECOMMUNICATION SERVICES CONTINUED Sprint Nextel Corp. 4,162,600 $ 104,231,504 --------------- 168,586,782 --------------- Total Common Stocks (Cost $7,495,905,589) 8,842,814,543 PRINCIPAL AMOUNT - ------------------------------------------------------------------------------------------------------ JOINT REPURCHASE AGREEMENTS--1.9% - ------------------------------------------------------------------------------------------------------ Undivided interest of 13.57% in joint repurchase agreement (Principal Amount/Value $1,261,257,000, with a maturity value of $1,261,395,388) with UBS Warburg LLC, 3.95%, dated 11/30/05, to be repurchased at $171,139,776 on 12/1/05, collateralized by Federal National Mortgage Assn., 4.50%--6%, 3/1/20--10/1/35, with a value of $1,193,166,527 and Federal Home Loan Mortgage Corp., 5.50%, 5/1/35, with a value of $95,408,663 (Cost $171,121,000) $171,121,000 171,121,000 - ------------------------------------------------------------------------------------------------------ Total Investments, at Value (Cost $7,667,026,589) 100.2% 9,013,935,543 - ------------------------------------------------------------------------------------------------------ Liabilities in Excess of Other Assets (0.2) (18,348,190) ------------------------------- Net Assets 100.0% $8,995,587,353 ===============================
Footnote to Statement of Investments 1. Non-income producing security. FEDERAL TAX. The approximate aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments for federal income tax purposes as of November 30, 2005 are noted below. The primary difference between book and tax appreciation or depreciation of securities and other investments, if applicable, is attributable to the tax deferral of losses. Federal tax cost of securities $7,690,477,695 =============== Gross unrealized appreciation $1,424,461,892 Gross unrealized depreciation (101,004,044) --------------- Net unrealized appreciation $1,323,457,848 =============== NOTES TO QUARTERLY STATEMENT OF INVESTMENTS SECURITIES VALUATION. The Fund calculates the net asset value of its shares as of the close of The New York Stock Exchange (the Exchange), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Securities may be valued primarily using dealer-supplied valuations or a portfolio pricing service authorized by the Board of Trustees. Securities listed or traded on National Stock Exchanges or other domestic exchanges are valued based on the last sale price of the security traded on that exchange prior to the time when the Fund's assets are valued. Securities traded on NASDAQ are valued based on the closing price provided by NASDAQ prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the last sale price on the prior trading day, if it is within the spread of the closing "bid" and "asked" prices, and if not, at the closing bid price. Securities traded on foreign exchanges are valued based on the last sale price on the principal exchange on which the security is traded, in the country that is identified by the portfolio pricing service, prior to the time when the Fund's 5 | OPPENHEIMER CAPITAL APPRECIATION FUND Oppenheimer Capital Appreciation Fund STATEMENT OF INVESTMENTS NOVEMBER 30, 2005 / UNAUDITED - -------------------------------------------------------------------------------- assets are valued. In the absence of a sale, the security is valued at the official closing price on the principal exchange. Corporate, government and municipal debt instruments having a remaining maturity in excess of sixty days and all mortgage-backed securities will be valued at the mean between the "bid" and "asked" prices. Futures contracts traded on a commodities or futures exchange will be valued at the final settlement price or official closing price on the principal exchange as reported by such principal exchange at its trading session ending at, or most recently prior to, the time when the Fund's assets are valued. Securities (including restricted securities) for which market quotations are not readily available are valued at their fair value. Foreign and domestic securities whose values have been materially affected by what the Manager identifies as a significant event occurring before the Fund's assets are valued but after the close of their respective exchanges will be fair valued. Fair value is determined in good faith using consistently applied procedures under the supervision of the Board of Trustees. Short-term "money market type" debt securities with remaining maturities of sixty days or less are valued at amortized cost (which approximates market value). FOREIGN CURRENCY TRANSLATION. The Fund's accounting records are maintained in U.S. dollars. The values of securities denominated in foreign currencies and amounts related to the purchase and sale of foreign securities and foreign investment income are translated into U.S. dollars as of the close of The New York Stock Exchange (the Exchange), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Foreign exchange rates may be valued primarily using dealer supplied valuations or a portfolio pricing service authorized by the Board of Trustees. Reported net realized foreign exchange gains or losses arise from sales of portfolio securities, sales and maturities of short-term securities, sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the values of assets and liabilities, including investments in securities at fiscal period end, resulting from changes in exchange rates. The effect of changes in foreign currency exchange rates on investments is separately identified from the fluctuations arising from changes in market values of securities held and reported with all other foreign currency gains and losses in the Fund's Statement of Operations in the annual and semiannual reports. JOINT REPURCHASE AGREEMENTS. Pursuant to an Exemptive Order issued by the Securities and Exchange Commission, the Fund, along with other affiliated funds advised by the Manager, may transfer uninvested cash balances into joint trading accounts on a daily basis. These balances are invested in one or more repurchase agreements. Securities pledged as collateral for repurchase agreements are held by a custodian bank until the agreements mature. Each agreement requires that the market value of the collateral be sufficient to cover payments of interest and principal. In the event of default by the other party to the agreement, retention of the collateral may be subject to legal proceedings. 6 | OPPENHEIMER CAPITAL APPRECIATION FUND ITEM 2. CONTROLS AND PROCEDURES. (a) Based on their evaluation of the registrant's disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (17 CFR 270.30a-3(c)) as of November 30, 2005, the registrant's principal executive officer and principal financial officer found the registrant's disclosure controls and procedures to provide reasonable assurances that information required to be disclosed by the registrant in the reports that it files under the Securities Exchange Act of 1934 (a) is accumulated and communicated to the registrant's management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission. (b) There have been no significant changes in the registrant's internal controls over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. Exhibits attached hereto. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Oppenheimer Capital Appreciation Fund By: /s/ John V. Murphy ------------------ John V. Murphy Principal Executive Officer Date: January 18, 2006 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ John V. Murphy ------------------ John V. Murphy Principal Executive Officer Date: January 18, 2006 By: /s/ Brian W. Wixted ------------------- Brian W. Wixted Principal Financial Officer Date: January 18, 2006 EX-99.CERT 2 rq320_18649ex302.txt RQ320_18649EX302 Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS -------------- I, John V. Murphy, certify that: 1. I have reviewed this report on Form N-Q of Oppenheimer Capital Appreciation Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /s/ John V. Murphy - ------------------ John V. Murphy Principal Executive Officer Date: January 18, 2006 Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS -------------- I, Brian W. Wixted, certify that: 1. I have reviewed this report on Form N-Q of Oppenheimer Capital Appreciation Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /s/ Brian W. Wixted - ------------------- Brian W. Wixted Principal Financial Officer Date: January 18, 2006 -----END PRIVACY-ENHANCED MESSAGE-----