John V. Murphy
Chairman, President and                                                OppenheimerFunds Logo
Chief Executive Officer                                                OppenheimerFunds, Inc.
498 Seventh Avenue
                                                                       New York, NY 10018
                                                                       WWW.OPPENHEIMERFUNDS.COM
                                                                       ------------------------

                                                                       August 6, 2002


Dear Shareholder,

We have scheduled a shareholders' meeting on September 24, 2002 for you to decide upon some important proposals for
Oppenheimer Disciplined Allocation Fund and Oppenheimer Value Fund, each a series of Oppenheimer Series Fund, Inc.
Your ballot card and a detailed statement of the issues are enclosed with this letter.

Your Board of Directors believes the matters being proposed for approval are in the best interests of the Fund and
its shareholders and recommends a vote "for" the election of all nominees for Director and "for" each proposal.
Regardless of the number of shares you own, it is important that your shares be represented and voted.  So we urge
you to consider these issues carefully and make your vote count.

How do you vote?

To cast your vote, simply mark, sign and date the enclosed proxy ballot and return it in the postage-paid envelope
today. You also may vote by telephone by following the instructions on the proxy ballot.  Using a touch-tone
telephone to cast your vote saves you time and helps reduces expense of the Funds.  If you vote by phone, you do not
need to mail the proxy ballot.

Remember, it can be expensive for the Funds--and ultimately for you as a shareholder--to remail ballots if not enough
responses are received to conduct the meeting.  If your vote is not received before the scheduled meeting, you may
receive a telephone call reminding you to vote.

What are the issues?

o        Election of Directors.  You are being asked to consider and elect eleven Directors.  You will find detailed
     information on the Directors in the enclosed proxy statement.

o        Approval of the Elimination or Amendment of Certain Fundamental Investment Policies.  Your approval is
     requested to eliminate or amend certain fundamental investment policies of the Funds.

Please read the enclosed proxy statement for complete details on these proposals.  Of course, if you have any
questions, please contact your financial advisor, or call us at 1.800.708.7780.  As always, we appreciate your
confidence in OppenheimerFunds and look forward to serving you for many years to come.


                                                              Sincerely,
                                                              John V. Murphy signature


Enclosures
XP0205.003.0802