FORM N-18F-1

             SECURITIES AND EXCHANGE COMMISSION
                    Washington, DC 20549

      Notification of Election Pursuant to Rule 18f-1
          Under the Investment Company Act of 1940

               OPPENHEIMER SERIES FUND, INC.
       6803 S. Tucson Way, Centennial, CO 80112-3924
      ------------------------------------------------
               Name and Address of Registrant


                  NOTIFICATION OF ELECTION
         ------------------------------------------

The  undersigned  registered,   open-end,   non-diversified,
management    investment   company   hereby   notifies   the
Securities and Exchange  Commission that it elects to commit
itself to pay in cash all  redemptions  by a shareholder  of
record  in  accordance  with the  provisions  of Rule  18f-1
under the  Investment  Company Act of 1940. It is understood
that this  election  is  irrevocable  while  such Rule is in
effect  unless  the  Commission  by order  upon  application
permits the withdrawal of this Notification of Election.

                         SIGNATURE
                     -----------------

Pursuant  to  the  requirements  of  Rule  18f-1  under  the
Investment  Company Act of 1940,  the  registrant has caused
this  notification  of election  to be duly  executed on its
behalf in the city of  Centennial  and the State of Colorado
on the 21st day of July, 2004.

                              OPPENHEIMER SERIES FUND, INC.

                              -----------------------------------
                              Name of Registrant


                              By:  /s/ Robert G. Zack
                              ------------------------------

                              Robert G. Zack, Secretary

ATTEST:


/s/ Janette Aprilante
------------------------
Janette Aprilante