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Proc-Type: 2001,MIC-CLEAR
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Oppenheimer
Disciplined Allocation Fund
REPORT HIGHLIGHTS
Fund Objective
Oppenheimer Disciplined Allocation Fund seeks to maximize total investment return (including capital
appreciation and income) principally by allocating its assets among stocks, corporate bonds, U.S. government securities and money market instruments, according to changing market conditions.
CONTENTS 1 Presidents Letter
3 An Interview
with Your Funds
Managers
9 Financial
Statements
32 Officers and
Directors
Cumulative Total Returns* For the Six-Month Period
Ended 4/30/01 Without With Sales Chg. Sales Chg. Class A 4.74% 10.22% Class B 5.09 9.81 Class C 5.07 6.01 Average Annual Total Returns* For the 1-Year Period
Ended 4/30/01 Without With Sales Chg. Sales Chg. Class A 0.49% 6.21% Class B 1.24 6.10 Class C 1.19 2.16
Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment
risks, including the possible loss of the principal amount invested.
*See Notes on page 7 for further details.
PRESIDENTS LETTER
Dear
Shareholder,
As we approach the midpoint of 2001, the best policy in this investment landscape appears to be proceed with care, but remain open to opportunity. The U.S. economy
has experienced a slowdown, which has provided a healthy restraint on inflation and helped relax a tightening job market. It has created a challenging climate for American workers, businesses and investors, but it has also sown the seeds of opportunity
for the period ahead.
Although the stock market has experienced considerable volatility, major market indices have recovered a significant percentage of their losses from 2000. The focus appears to have shifted from untested companies that
drew high investor expectations but had zero or negative earnings toward good, solid companies that are worth owning for the long term. Overall market valuations are far more realistic than they were one year ago.
The U.S. bond market has been helped by declining interest rates and a rotation of investor interest from stocks to bonds. An increase in bank credit has also helped eliminate some of the risk in the high yield and investment-grade corporate bond
market. As a result, both high yield and corporate bonds have performed well in 2001. After a strong showing in 2000, U.S. Treasury bonds have also delivered positive returns this year.
If you have been unsettled by the markets recent volatility, it may help to think about the events of the past six months in a broader context: Consider, for example, that the average U.S. diversified actively
managed equity fund performed better than the S&P 500 Index.1 The stock market segments hardest hit over the past year are the same ones that enjoyed the strongest gains over the previous four years. And during the past year, value stocks have outperformed
growth stocks
by a wide margin.2
In fact, the lessons provided by a volatile and difficult market reinforce many of the basic investment principles that we have discussed in this
letter from time to time: the importance of continuing to add to your investments regardless of the market3; the danger of pulling out of your investments and locking in losses
1 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
PRESIDENTS LETTER
rather than assessing each investment from the perspective of your overall goals; the wisdom of diversification, the time-honored strategy of spreading risk among various asset
classes, industry groups and investment styles; the value of adding an investment in an asset class you dont own, especially if valuations are attractive.
Although it is likely that the financial markets will experience many changes before this cycle of volatility runs its course, we believe that the worst may be behind us. Your financial advisor can answer your questions
about the markets and about diversification, and we can help by providing a broad menu of investment choices from OppenheimerFunds. While news from many industries and companies has been of layoffs and cutbacks, we think it is important for you to know
that we continue to add to our resources, to develop our technological capabilities and to support our staff
of award-winning investment managers. It is difficult to know where the markets are headed next, but we can assure you that our commitment to investment excellence has never been stronger.
Sincerely,
Bridget A.
Macaskill
May 21, 2001
These general market views represent opinions of OppenheimerFunds, Inc. and are not intended to predict performance of the securities markets or any particular fund. Specific
information that applies to your Fund is contained in the pages that follow. Stocks and bonds have different types of investment risks; for example, stocks are subject to price changes from market volatility and other factors and bonds are subject to
credit and interest rate risks. High yield bonds are subject to greater risks of default than investment grade bonds.U.S. Treasury securities, unlike corporate bonds, are backed by the full faith and credit of the U.S. Government.
1. For the six-month period ended 4/30/01, the average U.S. diversified actively managed equity fund produced a return of 9.83% while the S&P 500 Index generated a return of
12.07%. Source of data: Lipper Inc. The index comparison does not depict the performance of any Oppenheimer funds. Indices cannot be purchased directly by investors.
2. For the one-year period ended 4/30/01, the S&P BARRA Value Index produced a return of 6.35% while the S&P BARRA Growth Index generated a return of 29.16%. Source of data: Standard & Poors
Micropal Inc.
3. Please note, however, that automatic investing does not assure a profit or protect against losses in declining markets.
2 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
AN INTERVIEW WITH YOUR FUNDS MANAGERS
How would you characterize the Funds performance during the six-month period that ended April 30, 2001?
A. This was an
unusually volatile and challenging period for both stock and bond investing. In light of those conditions, we are reasonably satisfied with the Funds performance since we assumed management in January 2001. We believe our disciplined strategy of
allocating assets among stocks, bonds and cash enabled us to limit risks and improve returns in a wide variety of market conditions.
Has the Funds strategy changed under your management?
In part, yes. In the past, the
equity portion of the portfolio focused on value-oriented stocks. Now, we select our stock holdings from a more broadly based universe that includes both growth- and value-oriented equities. While we may, at times, favor either growth or value stocks in
light of prevailing market conditions, we generally expect to hold a balance of equities that reflects the composition of the S&P 500 Index. Our goal for the Funds equity securities is to outperform the Index over the long term through the
careful selection of individual holdings that we believe offer the best prospects for overall returns.
The Funds basic investment objective remains the same as ever; we seek long-term total return
by strategically balancing stocks, bonds and cash. Our approach to allocating assets is intended to offset the volatility of individual asset classes. We manage the holdings within each asset class, as well as the Funds overall asset mix,
according to changing market conditions.
3 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
AN INTERVIEW WITH YOUR FUNDS MANAGERS
In other words, Oppenheimer Disciplined Allocation Fund exemplifies a diversified approach to investing among a variety of asset classes, and to further
diversifying among various sectors within those asset classes. We believe that this approach gives us great flexibility to respond to shifts in the market, and expands our ability to manage risks and grow returns. The result is an all-weather investment
vehicle designed to help shareholders reach their goals despite sudden changes in the market climate.
Which stock sectors and individual companies did you emphasize during the six-month period ended April 30, 2001?
Dramatically slowing rates of U.S. economic growth
drove many stock prices sharply lower during the period. Cyclical industries, which are most sensitive to changing economic conditions, suffered the most. These include technology, retail, and some areas of capital goods. On the other hand, traditionally
defensive sectorssuch as consumer staples, government agencies, basic materials and utilitiesperformed relatively well.
We sought to identify promising investments among both the cyclical and defensive groups. Among cyclicals, we generally avoided technology companies, which we believed were burdened by high valuations relative to their
short- and intermediate-term growth prospects. The Fund benefited from this move when technology stocks led the downturn
in the equities market. We chose instead to emphasize those industrial companies that were generating free cash flow (i.e., available cash after capital expenditures are paid) and spending this cash to create shareholder value. Our selections
included companies, such as Boeing Co. and Caterpillar, Inc., that were available at attractive valuations and that appeared free of inventory- or capacity-related problems.1
1. See pages 915 for a complete listing of the Funds holding as of April 30, 2001.
4 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
Among defensive industries, we avoided most oil and
communications companies, which we believe offer poor earnings prospects for the next several years. Instead, we focused on companies with similar valuations but, in our view, stronger earnings potential. We found the greatest opportunities in government
agencies, such as Federal Home Loan Mortgage Corp. (Freddie Mac) and USA Education, Inc., and electric utilities, such as Constellation Energy Group, Inc. and Duke Energy Corp.
How did you manage the fixed income and cash portions of the portfolio?
We invested roughly 60% of the Funds assets in stocks, and allocated approximately 30% to corporate and government bonds and 10% to cash. These proportions are normal for the Fund and reflect our view during the period
that prevailing market conditions did not clearly favor one asset class over another.
What is your outlook for the future in light of todays market conditions?
We believe that vigorous action by the Federal Reserve Board to reduce interest rates is likely to support a resumption of U.S. economic growth in the near future. Such conditions would favor cyclical industries over defensive
industries. Accordingly, we stand poised to shift some assets from defensive stocks into those cyclicals offering the most attractive fundamentals as events warrant.
Whatever happens to the economy and the market, we remain committed to our disciplined asset allocation and investment strategy. Thats what makes Oppenheimer Disciplined Allocation Fund an
effective investment vehicle for all seasons, and part of The Right Way to Invest.
2. See page 7 for further details.Average Annual
Total Returns with
Sales ChargeFor the Periods Ended
3/31/012Class A
1-Year5-Year 10-Year 9.24% 5.06% 8.90% Class B
1-Year5-Year Since
Inception9.15% 5.22% 6.07% Class C
1-Year5-Year Since
Inception5.34% N/A 5.61%
5 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
AN INTERVIEW WITH YOUR FUNDS MANAGERS
Top Ten Common Stock Holdings4 Tyco International Ltd. 3.0% Freddie Mac 2.7 USA Education, Inc. 2.4 Duke Energy Corp. 2.2 News Corp. Ltd. (The), Sponsored ADR, Preference 2.1 Cardinal Health, Inc. 2.0 United Technologies Corp. 2.0 Portfolio Allocation3 Citigroup, Inc. 2.0 Aetna, Inc. 2.0 Waste Management, Inc. 2.0
Top Five Common Stock Industries4Diversified Financial 8.2% Manufacturing 7.4 Insurance 5.9 Electric Utilities 5.6 Healthcare/Supplies & Services 3.4
3.
Portfolio is subject to change. Percentages are as of April 30, 2001, and are based on total market value of investments.
4. Portfolio is subject to change. Percentages are as of April 30, 2001, and are based on net assets.
6 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
NOTES
In reviewing performance, please remember that past performance cannot guarantee future results. Investment return and principal value of an investment in the Fund will fluctuate
so that an investors shares, when redeemed, may be worth more or less than the original cost. Because of ongoing market fluctuations, the Funds performance may be subject to substantial fluctuations and current performance may be less than the
results shown. For monthly updates on the Funds performance, visit our website at www.oppenheimerfunds.com.
Total returns include changes in share price and reinvestment of dividends and capital gains distributions in a hypothetical investment for the periods shown. Cumulative total returns are not annualized. The Funds total returns shown do
not show the effects of income taxes on an individuals investment. Taxes may reduce your
actual investment returns on income or gains paid by the Fund or any gains you may realize if you sell your shares. For more complete information about Oppenheimer Disciplined Allocation Fund, including charges, expenses and risks, please refer to the
prospectus. To obtain a copy, call your financial advisor, call OppenheimerFunds Distributor, Inc. at 1.800.525.7048 or visit the OppenheimerFunds Internet website at www.oppenheimerfunds.com. Read the prospectus carefully before you invest or send money.
Class A shares of the Fund were first publicly offered on 9/16/85. Unless
otherwise noted, Class A returns include the current maximum initial sales charge of 5.75%.
Class B shares of the Fund were first publicly offered on 10/2/95. Unless otherwise noted, Class B returns include the applicable contingent deferred sales charge of 5% (1-year), 2% (5-year) and 1% (since inception). Class B shares are
subject to an annual
0.75% asset-based sales charge.
Class C shares of the Fund were first publicly offered on 5/1/96. Unless otherwise noted, Class C returns include the contingent deferred sales charge of 1% for the one-year period. Class C shares are subject
to an annual 0.75% asset-based sales charge.
Class N shares of the Fund were first publicly offered on 3/1/01. For that reason, no performance information on Class N shares is included in this report. Class N shares are offered only through retirement plans. Class N shares are subject
to an annual 0.25% asset-based sales charge.
An explanation of the different calculations of performance is in the Funds Statement of Additional Information.
7 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
Financials
8 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
STATEMENT OF INVESTMENTS
April 30, 2001/Unaudited
Shares Market Value
See Note 1
Common Stocks53.9% Basic Materials2.5% Metals1.7%
Alcoa, Inc.63,000
$ 2,608,200 Paper0.8%
Smurfit-Stone Container Corp.177,000 1,128,050 Capital Goods12.0% Aerospace/Defense1.6%
Boeing Co.39,200
2,422,560 Electrical Equipment0.2%
Emerson Electric Co.3,732 248,738 Industrial Services2.8%
Republic Services, Inc.170,000 1,260,000 Waste Management, Inc. 120,000 2,929,200
4,189,200Manufacturing7.4%
Caterpillar, Inc.
39,200 1,967,840 Titan Corp. (The)1 90,000 1,503,000 Tyco International Ltd. 84,000 4,483,080 United Technologies Corp. 38,500 3,006,080
10,960,000Communication Services0.4% Telephone Utilities0.4%
SBC Communications, Inc.16,000 660,000 Telecommunications: Wireless0.0%
Geotek Communications, Inc., Series B (Escrowed)1
,2100 350
Consumer Cyclicals2.7% Retail: General2.1%
Kohls Corp.132,000 1,953,920 Sears Roebuck & Co. 30,000 1,105,500
3,059,420Retail: Specialty0.6%
RadioShack Corp.
28,500 872,955 Consumer Staples2.5% Broadcasting0.4%
Adelphia Communications Corp., Cl. A115,000 545,400 Entertainment2.1%
News Corp. Ltd. (The), Sponsored ADR, Preference
98,000 3,185,980 Energy2.5% Energy Services0.6%
Global Marine, Inc.110,000 287,500 Schlumberger Ltd. 8,900
590,070
877,570 9 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
STATEMENT OF INVESTMENTS
Unaudited / Continued
Shares Market Value
See Note 1
Oil: Domestic1.9%
Exxon Mobil Corp.31,878
$ 2,824,391 Financial14.5% Banks0.4%
Mellon Financial Corp.15,400
630,322 Diversified Financial8.2%
Citigroup, Inc.60,666 2,981,734 Franklin Resources, Inc. 20,200 881,730 Freddie Mac 60,000
3,948,000 Merrill Lynch & Co., Inc. 11,800 728,060 USA Education, Inc. 50,900 3,618,990
12,158,514Insurance5.9%
Aetna, Inc.1105,400 2,971,226 Allstate Corp. 41,100
1,715,925 American International Group, Inc. 15,712 1,285,241 St. Paul Cos., Inc. 23,200 1,046,320 XL Capital Ltd., Cl. A 24,200 1,713,360
8,732,072Healthcare5.3% Healthcare/Drugs1.9%
American Home Products Corp.18,000 1,039,500 Amgen, Inc.1 29,000 1,773,060
2,812,560Healthcare/Supplies & Services3.4%
Cardinal Health, Inc.45,000 3,033,000 Medtronic, Inc. 45,000
2,007,000
5,040,000Technology4.6% Computer Hardware0.9%
EMC Corp.116,000 633,600 SanDisk Corp.1 27,400 735,964
1,369,564Computer Software0.8%
Cadence Design Systems, Inc.143,000 890,100 Veritas Software Corp.1 5,000 298,050
1,188,150 10 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
Shares Market Value
See Note 1
Communications Equipment1.0%
Agere Systems, Inc.1129,900 $ 909,300 CIENA Corp.1 11,000 605,660
1,514,960Electronics1.9%
JDS Uniphase Corp.118,000 385,020 Motorola, Inc. 43,200
671,760 Waters Corp.1 34,000 1,774,800
2,831,580Transportation0.4% Shipping0.4%
FedEx Corp.113,100 551,117 Utilities6.5% Electric Utilities5.6%
AES Corp. (The)121,000 1,001,070 Constellation Energy Group, Inc. 50,000 2,387,000 Dominion Resources, Inc. 25,000 1,712,250 Duke Energy Corp. 70,600
3,301,256
8,401,576Gas Utilities0.9%
Enron Corp.21,300
1,335,936 Total Common Stocks (Cost $79,269,534) 80,149,165 Preferred Stocks0.5% Ingersoll-Rand International Finance Corp. I, 6.22% Preferred Redeemable
Increased Dividend Equity Securities (Cost $750,000)30,000 762,189 Units Rights, Warrants and Certificates0.0% Concentric Network Corp. Wts., Exp. 12/15/072 100
2,550 Dairy Mart Convenience Stores, Inc. Wts., Exp. 12/12/012
666 233 McCaw International Ltd. Wts., Exp. 4/15/072 100
2,013 Microcell Telecommunications, Inc. Wts., Exp. 6/1/063 50
0 9,125 Price Communications Corp. Wts., Exp. 8/1/072 516
30,960 Signature Brands USA, Inc. Wts., Exp. 8/15/022 100
1 Total Rights, Warrants and Certificates (Cost $7,063) 44,882 11 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
STATEMENT OF INVESTMENTS
Unaudited / Continued
Principal
Amount
Market Value
See Note 1Asset-Backed Securities0.7% Litigation Settlement Monetized Fee Trust, Asset-Backed Certificates,
Series 20011A, Cl. A1, 8.33%, 4/25/312
(Cost $999,618)$1,000,000 $ 996,250 Mortgage-Backed Obligations4.2% Asset Securitization Corp., Commercial Mtg. Pass-Through Certificates,
Series 1996D2, Cl. A3, 7.546%, 2/14/29700,000 694,094 Federal National Mortgage Assn.:
6.50%, 3/1/26447,822
444,567 7.50%, 1/1/086/1/08 300,074 310,922 Federal National Mortgage Assn., Collateralized Mtg. Obligations,
Gtd. Multiclass Mtg. Participation Certificates, Trust 199215,
Cl. KZ, 7%, 2/25/22948,052 945,976 Federal National Mortgage Assn., InterestOnly Stripped
Mtg.Backed Security, Trust 1993223, Cl. PM, 7.058%, 10/25/234709,782 81,181 GE Capital Mortgage Services, Inc., Collateralized Mtg. Obligations,
Series 19992, Cl. A3, 6.50%, 4/25/29500,000 477,965 Government National Mortgage Assn.:
7%, 4/15/091/15/24737,480
753,424 7.50%, 3/15/09 278,988
290,539 8%, 5/15/17 264,469
277,283 Norwest Asset Securities Corp., Collateralized Mtg. Obligations,
Gtd. Multiclass Mtg. Participation Certificates:
Series 199916, Cl. A3, 6%, 6/25/29500,000 501,875 Series 199918, Cl. A2, 6%, 7/25/29 1,000,000
991,870 Structured Asset Securities Corp., Multiclass Pass-Through Certificates,
Series 1996CFL, Cl. G, 7.75%, 2/25/28500,000 508,906 Total Mortgage-Backed Obligations (Cost $6,131,051) 6,278,602 U.S. Government Obligations7.1% U.S. Treasury Bonds:
6%, 2/15/265,450,000 5,507,475 6.25%, 5/15/30 1,050,000 1,107,915 7.50%, 11/15/16 2,000,000 2,339,688 8.75%, 5/15/17 1,250,000
1,627,540 Total U.S. Government Obligations (Cost $10,262,300) 10,582,618 Non-Convertible Corporate Bonds and Notes16.3%
Capital Goods1.6% Industrial Services0.7%
Norse CBO Ltd., 6.515% Collateralized Bond Obligations,
Series 1A, Cl. A3, 8/13/1021,000,000 971,875
Manufacturing0.9%
AOL Time Warner, Inc., 7.625% Bonds, 4/15/31500,000 502,776 Owens-Illinois, Inc., 7.15% Sr. Nts., 5/15/05 1,000,000
855,000
1,357,776 12 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
Principal
Amount
Market Value
See Note 1Communication Services0.3% Telephone Utilities0.3%
Telefonica de Argentina SA, 9.125% Nts., Series 1, 5/7/08$ 500,000 $ 405,000 Consumer Cyclicals1.8% Autos & Housing1.0%
CPG Partners, LP, 8.25% Unsec. Nts., 2/1/11500,000 504,487 Lear Corp., 7.96% Sr. Unsec. Nts., Series B, 5/15/05 500,000 500,818 Pulte Corp., 8.125% Sr. Unsec. Nts., 3/1/11 500,000
494,977
1,500,282Consumer Services0.3%
PHH Corp., 8.125% Nts., 2/3/03500,000 508,642 Media0.2%
Reed Elsevier, Inc., 6.625% Nts., 10/15/233400,000 339,020 Retail: Specialty0.3%
Gap, Inc. (The)
500,000 501,250 Consumer Staples2.5% Broadcasting0.9%
British Sky Broadcasting Group plc, 8.20% Sr. Unsec. Nts., 7/15/09400,000 395,849 CSC Holdings, Inc., 7.625% Sr. Unsec. Debs., 7/15/18 1,000,000 898,598
1,294,447Entertainment0.7%
Tricon Global Restaurants, Inc., 7.45% Sr. Unsec. Nts., 5/15/051,000,000 975,000 Food0.3%
CPC International, Inc., 6.15% Unsec. Nts., Series C, 1/15/06
500,000 507,584 Household Goods0.6%
Fort James Corp., 6.875% Sr. Nts., 9/15/071,000,000 943,065 Energy2.1% Energy Services2.1%
Columbia Gas System, Inc., 6.80% Nts., Series C, 11/28/05500,000 506,440 Kinder Morgan Energy Partners LP, 7.40% Sr. Unsec. Nts., 3/15/31 1,000,000 969,777 Petroliam Nasional Berhad, 6.875% Nts., 7/1/033 500,000
505,301 Progress Energy, Inc., 7.75% Sr. Nts., 3/1/31 500,000
504,471 TransCanada PipeLines Ltd., 9.875% Debs., 1/1/21 500,000
616,522
3,102,511 13 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
STATEMENT OF INVESTMENTS
Unaudited / Continued
Principal
Amount
Market Value
See Note 1Financial4.4% Banks0.6%
Peoples Bank of Bridgeport (Connecticut), 7.20% Sub. Nts., 12/1/06$1,000,000 $ 955,335 Diversified Financial3.0%
Dime Capital Trust I, 9.33% Nts., Series A., 5/6/27500,000 476,879 Finova Capital Corp., 7.625% Sr. Nts., 9/21/091,5 750,000 630,487 GS Escrow Corp., 6.75% Sr. Unsec. Nts., 8/1/01 1,000,000 1,001,036 Morgan Stanley Dean Witter & Co., 6.75% Unsec. Unsub. Bonds, 4/15/11 500,000 497,995 Nisource Finance Corp., 7.625% Sr. Unsec. Nts., 11/15/05 1,000,000 1,046,250 Takefuji Corp., 9.20% Nts., 4/15/113 750,000
759,465
4,412,112Insurance0.8%
GenAmerica Capital Trust I, 8.525% Nts., 6/30/272750,000 708,851 Life Re Capital Trust I, 8.72% Nts., 6/15/273 500,000
472,795
1,181,646Healthcare0.6% Healthcare/Supplies & Services0.6%
Tenet Healthcare Corp.:
8% Sr. Nts., 1/15/05
325,000 338,000 8.625% Sr. Unsec. Nts., 12/1/03 500,000 518,830
856,830Transportation1.0% Air Transportation0.6%
Delta Air Lines, Inc., 8.30% Nts., 12/15/29
100,000 85,494 Northwest Airlines Corp., 8.375% Unsec. Nts., 3/15/04 750,000 736,344
821,838Railroads & Truckers0.4%
Union Pacific Corp., 7.60% Nts., 5/1/05500,000 523,529 Utilities2.0% Electric Utilities1.0%
El Paso Electric Co., 8.25% First Mtg. Bonds, Series C, 2/1/03500,000 518,038 PSEG Power LLC, 8.625% Sr. Nts., 4/15/313 500,000
519,529 Wisconsin Energy Corp., 6.50% Nts., 4/1/11 500,000 486,538
1,524,105Gas Utilities1.0%
AGL Capital Corp., 7.125% Sr. Unsec. Nts., 1/14/11
500,000 494,799 Southern Natural Gas Co., 7.35% Bonds, 2/15/31 1,000,000
962,198
1,456,997Total Non-Convertible Corporate Bonds and Notes (Cost $24,761,048) 24,138,844 14 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
Principal
Amount Market Value
See Note 1Convertible Corporate Bonds and Notes2.2% CIENA Corp., 3.75% Cv. Sr. Unsec. Nts., 2/1/08 $ 2,000,000 $ 1,757,500 Tyco International Ltd., Zero Coupon Cv. Sr. Unsec.
Liquid Yield Option Nts., 1.28%, 11/17/206
2,000,000 1,545,000 Total Convertible Corporate Bonds and Notes (Cost $3,561,103) 3,302,500 Short-Term Notes10.4% Federal Home Loan Bank, 4.50%, 5/1/01 (Cost $15,400,000) 15,400,000 15,400,000 Repurchase Agreements4.5% Repurchase agreement with Zion First National Bank, 4.50%,
dated 4/30/01, to be repurchased at $6,704,838 on 5/1/01,
collateralized by U.S. Treasury Nts., 5.75%6.50%, 10/31/022/15/10,
with a value of $2,926,108, U.S. Treasury Bonds, 6.125%, 8/15/29,
with a value of $363,357 and U.S. Treasury Bills, 8/9/019/20/01,
with a value of $3,558,964 (Cost $6,704,000)6,704,000
6,704,000 Total Investments, at Value (Cost $147,845,717) 99.8% 148,359,050 Other Assets Net of Liabilities 0.2 242,982 Net Assets 100.0% $148,602,032
Footnotes to Statement of Investments 1. Non-income-producing security.
2. Identifies issues considered to be illiquid or restrictedSee Note 6 of
Notes to Financial Statements.
3. Represents securities sold under Rule 144A, which are exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid under guidelines established by the
Board of Directors. These securities amount to $2,605,235 or 1.75% of the Funds net assets as of April 30, 2001.
4. InterestOnly Strips represent the right to receive the monthly interest payments on an underlying pool of mortgage loans. These securities typically decline in price as interest rates decline. Most other
fixed income securities increase in price when interest rates decline. The principal amount of the underlying
pool represents the notional amount on which current interest is calculated. The price of these securities is typically more sensitive to changes in prepayment rates than traditional mortgagebacked securities (for example, GNMA pass-throughs).
Interest rates disclosed represent current yields based upon the current cost basis and estimated timing and amount of future cash flows.
5. Issuer is in default.
6. For zero-coupon bonds, the interest rate shown is the effective yield on the date of purchase.
See accompanying Notes to Financial Statements.
15 | OPPENHEIMER DISCIPLINED
ALLOCATION FUND
STATEMENT OF ASSETS AND LIABILITIES
Unaudited
April 30, 2001 Assets Investments, at value (cost $147,845,717)see accompanying statement $ 148,359,050 Cash 125,462 Receivables and other assets:
Investments sold1,065,770
Interest, dividends and principal paydowns 712,542 Shares of capital stock sold 53,385 Other 23,177 Total assets 150,339,386 Liabilities Payables and other liabilities:
Investments purchased1,274,583
Shares of capital stock redeemed 247,263 Shareholder reports 101,397 Directors compensation 54,351 Distribution and service plan fees 22,688 Transfer and shareholder servicing agent fees 19,667 Other 17,405 Total liabilities 1,737,354 Net Assets $148,602,032 Composition of Net Assets Par value of shares of capital stock $ 11,051
Additional paid-in capital 153,835,375 Undistributed net investment income 280,200 Accumulated net realized loss on investment transactions (6,037,673) Net unrealized appreciation on investments and translation of
assets and liabilities denominated in foreign currencies513,079 Net Assets $148,602,032 16 | OPPENHEIMER
DISCIPLINED ALLOCATION FUND
Net Asset Value Per Share Class A Shares:
Net asset value and redemption price per share (based on net assets of
$128,485,267 and 9,568,030
shares of capital stock outstanding)$13.43 Maximum offering price per share (net asset value plus sales charge
of 5.75% of offering price)
$14.25 Class B Shares:
Net asset value, redemption price (excludes applicable contingent deferred
sales charge) and
offering price per share (based on net assets of $16,801,173
and 1,233,704 shares of capital stock outstanding)$13.62 Class C Shares:
Net asset value, redemption price (excludes applicable contingent deferred
sales charge) and
offering price per share (based on net assets of $3,314,616
and 249,486 shares of capital stock outstanding)$13.29 Class N Shares:
Net asset value, redemption price (excludes applicable contingent deferred
sales charge) and
offering price per share (based on net assets of $976
and 72.78 shares of capital stock outstanding)$13.41
See accompanying Notes to Financial Statements. 17 |
OPPENHEIMER DISCIPLINED ALLOCATION FUND
STATEMENT OF OPERATIONS
Unaudited
For the Six Months Ended April 30, 2001 Investment Income Interest $ 1,833,303 Dividends (net of foreign withholding taxes of $3,446) 508,573
Total income 2,341,876 Expenses Management fees 484,227 Distribution and service plan fees:
Class A169,259
Class B 85,933 Class C 16,921 Transfer and shareholder servicing agent fees 136,890 Legal, auditing and other professional fees 64,751 Shareholder reports 31,878 Custodian fees and expenses 18,445 Accounting service fees 7,500 Directors compensation 613 Other 7,614 Total expenses 1,024,031 Less expenses paid indirectly (6,692) Net expenses 1,017,339 Net Investment Income 1,324,537 Realized and Unrealized Gain (Loss) Net realized loss on:
Investments(5,145,459) Closing of futures contracts (245,883) Net realized loss (5,391,342) Net change in unrealized appreciation (depreciation) on:
Investments
(3,621,928) Translation of assets and liabilities denominated in foreign currencies 52 Net change (3,621,876) Net realized and unrealized loss (9,013,218) Net Decrease in Net Assets Resulting from Operations $(7,688,681)
See accompanying Notes to Financial Statements. 18 | OPPENHEIMER DISCIPLINED
ALLOCATION FUND
STATEMENTS OF CHANGES IN NET ASSETS
Six Months
Ended
April 30, 2001
(Unaudited)Year
Ended
October 31,
2000Operations Net investment income $ 1,324,537 $ 5,482,851 Net realized gain (loss) (5,391,342) 876,388 Net change in unrealized appreciation (depreciation) (3,621,876) 7,315,758 Net increase (decrease) in net assets resulting from operations (7,688,681) 13,674,997 Dividends and/or Distributions to Shareholders Dividends from net investment income:
Class A(1,267,568)
(5,346,316) Class B (97,322)
(433,607) Class C (20,345)
(95,557) Class N (3)
Distributions from net realized gain:
Class A
(24,684,807) Class B
(2,228,825) Class C
(532,698) Class N
Capital Stock Transactions Net increase (decrease) in net assets resulting from
capital stock transactions:
Class A(7,877,146) (95,971,778) Class B (91,470)
(4,269,245) Class C (424,298)
(1,444,164) Class N 1,000
Net Assets Total decrease (17,465,833) (121,332,000) Beginning of period 166,067,865 287,399,865 End of period (including undistributed net investment
income of $280,200 and $340,901, respectively)
$148,602,032 $166,067,865
See accompanying Notes to Financial Statements. 19 | OPPENHEIMER
DISCIPLINED ALLOCATION FUND
FINANCIAL HIGHLIGHTS
Six Months
Ended Year
Ended April 30, 2001 October. 31, Class A (Unaudited) 2000 1999 1998 1997 1996
1 Per Share Operating Data Net asset value, beginning of period $ 14.23 $ 15.03 $ 15.45
$ 16.81 $ 16.00 $ 15.46 Income (loss) from investment operations:
Net investment income
.13 .44 .44
.45 .512
.46 Net realized and unrealized gain (loss) (.80) .68 (.01) .45 2.252 .49 Total income (loss) from investment
operations(.67) 1.12 .43 .90
2.76 .95 Dividends and/or distributions to shareholders:
Dividends from net investment income(.13) (.44) (.44)
(.45) (.56) (.36) Distributions from net realized gain
(1.48) (.41) (1.81)
(1.39) (.05) Total dividends and/or distributions
to shareholders(.13)
(1.92) (.85) (2.26) (1.95) (.41) Net asset value, end of period $13.43
$14.23 $15.03 $15.45 $16.81 $16.00 Total Return, at Net Asset Value3 (4.74)% 8.27% 2.62%
5.93% 18.82% 6.27% Ratios/Supplemental Data Net assets, end of period (in thousands) $128,485
$144,244 $258,159 $298,558 $243,267 $233,289 Average net assets (in thousands) $135,537
$172,514 $293,677 $268,715 $238,821 $228,203 Ratios to average net assets:4
Net investment income1.81% 2.88% 2.72% 2.96% 3.17% 3.52% Expenses 1.21% 1.11%
1.04% 1.04%5
1.11%5 1.11%
5 Portfolio turnover rate 108% 34% 122% 97%
98% 85%
1. For the 10 months ended October 31, 1996. The Fund changed its fiscal year end from December 31 to October 31. On March 18, 1996,
OppenheimerFunds, Inc. became the investment advisor to the Fund.
2. Per share amounts calculated based on the average shares outstanding during the period.
3. Assumes a $1,000 hypothetical initial investment on the business day before the
first day of the fiscal period with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected
in the total returns. Total returns are not annualized for periods of less than one full year.
4. Annualized for periods of less than one full year.
5. Expense ratio has not been grossed up to reflect the effect of expenses paid indirectly.
See accompanying Notes to Financial Statements. 20 | OPPENHEIMER DISCIPLINED
ALLOCATION FUND
Six Months
Ended Year
Ended April 30, 2001 October 31, Class B (Unaudited) 2000 1999 1998 1997 1996
1 Per Share Operating Data Net asset value, beginning of period $ 14.43 $ 15.20 $ 15.62
$ 16.99 $ 16.16 $ 15.66 Income (loss) from investment operations:
Net investment income
.07 .30 .31
.36 .402
.31 Net realized and unrealized gain (loss) (.80) .73 .43 2.272 .54 Total income (loss) from investment
operations(.73) 1.03 .31 .79
2.67 .85 Dividends and/or distributions to shareholders:
Dividends from net investment income(.08) (.32) (.32)
(.35) (.45) (.30) Distributions from net realized gain (1.48) (.41) (1.81)
(1.39) (.05) Total dividends and/or distributions
to shareholders(.08)
(1.80) (.73) (2.16) (1.84) (.35) Net asset value, end of period $13.62
$14.43 $15.20 $15.62 $16.99 $16.16 Total Return, at Net Asset Value3
(5.09)% 7.48% 1.84% 5.10% 17.96% 5.51%
Ratios/Supplemental Data Net assets, end of period (in thousands) $16,801
$17,892 $23,522 $21,754 $8,720 $3,919 Average net assets (in thousands) $17,340 $19,643 $24,648 $14,235 $6,183 $2,324 Ratios to average net assets:4
Net investment income1.06% 2.12% 1.97%
2.19% 2.32% 2.86% Expenses 1.96%
1.87% 1.80% 1.80%5
1.89%5 1.85%
5 Portfolio turnover rate 108% 34% 122% 97%
98% 85%
1. For the 10 months ended October 31, 1996. The Fund changed its fiscal year end from December 31 to October 31. On March 18, 1996,
OppenheimerFunds, Inc. became the investment advisor to the Fund.
2. Per share amounts calculated based on the average shares outstanding during the period.
3. Assumes a $1,000 hypothetical initial investment on the business day before the
first day of the fiscal period with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected
in the total returns. Total returns are not annualized for periods of less than one full year.
4. Annualized for periods of less than one full year.
5. Expense ratio has not been grossed up to reflect the effect of expenses paid indirectly.
See accompanying Notes to Financial Statements. 21 | OPPENHEIMER DISCIPLINED
ALLOCATION FUND
FINANCIAL HIGHLIGHTS Continued
Six Months
Ended Year
Ended April 30, 2001 October 31, Class C (Unaudited) 2000 1999 1998 1997 1996
1 Per Share Operating Data Net asset value, beginning of period $ 14.08 $ 14.88 $ 15.31
$ 16.70 $ 15.93 $ 15.71 Income (loss) from investment operations:
Net investment income
.06 .28 .32
.37 .442
.30 Net realized and unrealized gain (loss) (.77) .72 (.01) .40 2.192 .32 Total income (loss) from investment
operations(.71) 1.00 .31 .77
2.63 .62 Dividends and/or distributions to shareholders:
Dividends from net investment income(.08) (.32) (.33)
(.35) (.47) (.35) Distributions from net realized gain
(1.48) (.41) (1.81)
(1.39) (.05) Total dividends and/or distributions
to shareholders(.08)
(1.80) (.74) (2.16) (1.86) (.40) Net asset value, end of period $13.29
$14.08 $14.88 $15.31 $16.70 $15.93 Total Return, at Net Asset Value3
(5.07)% 7.44% 1.84% 5.10% 17.93% 4.08%
Ratios/Supplemental Data Net assets, end of period (in thousands) $3,315
$3,931 $5,719 $4,824 $1,473 $188 Average net assets (in thousands) $3,412 $4,255 $5,876 $2,861 $ 805 $ 57 Ratios to average net assets:4
Net investment income1.09% 2.13% 1.97%
2.18% 2.18% 2.90% Expenses 1.96%
1.86% 1.80% 1.80%5
1.92%5 1.87%
5 Portfolio turnover rate 108% 34% 122% 97% 98% 85%
1. For the period from May 1, 1996 (inception of offering) to October 31, 1996.
2. Per share amounts
calculated based on the average shares outstanding during the period.
3. Assumes a $1,000 hypothetical initial investment on the business day before the first day of the fiscal period (or inception of offering), with all dividends and distributions reinvested in additional shares on
the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods of less than one full year.
4. Annualized for periods of less than one full year.
5. Expense ratio has not been grossed up to reflect the effect of
expenses paid indirectly.
See accompanying Notes to Financial Statements. 22 |
OPPENHEIMER DISCIPLINED ALLOCATION FUND
Class N Period
Ended
April 30, 20011
(Unaudited)Per Share Operating Data Net asset value, beginning of period $ 13.74 Income (loss) from investment operations:
Net investment income
.02 Net realized and unrealized loss (.31) Total loss from investment operations (.29) Dividends and/or distributions to shareholders:
Dividends from net investment income(.04) Distributions from net realized gain Total dividends and/or distributions to shareholders (.04) Net asset value, end of period $13.41 Total Return, at Net Asset Value2 (2.07)%
Ratios/Supplemental Data Net assets, end of period (in thousands) $1 Average net assets (in thousands) $1 Ratios to average net assets:3
Net investment income0.89% Expenses 0.96% Portfolio turnover rate 108%
1. For the period from March 1, 2001 (inception of offering) to April 30, 2001.
2. Assumes a $1,000
hypothetical initial investment on the business day before the first day of the fiscal period (or inception of offering), with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value
calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods of less than one full year.
3. Annualized for periods of less than one full year.
See accompanying Notes to Financial Statements. 23 |
OPPENHEIMER DISCIPLINED ALLOCATION FUND
NOTES TO FINANCIAL STATEMENTS Unaudited
1. Significant Accounting Policies
Oppenheimer Disciplined Allocation Fund (the Fund), a series of Oppenheimer Series Fund, Inc. (the Company), is registered under the Investment
Company Act of 1940, as amended, as an open-end management investment company. The Funds investment objective is to seek to maximize total investment return (including capital appreciation and income) principally by allocating its assets among
stocks, corporate bonds, U.S. government securities and money market instruments, according to changing market conditions. The Funds investment advisor is OppenheimerFunds, Inc. (the Manager).
The Fund offers Class A, Class B, Class C and Class N shares. Class A shares are sold at their offering price, which is normally net asset value plus a front-end sales charge. Class B, Class C and Class N shares are sold
without a front-end sales charge but may be subject to a contingent deferred sales charge (CDSC). Class N shares are sold only through retirement plans. Retirement plans that offer Class N shares may impose charges on those accounts. All classes of shares
have identical rights to earnings, assets and voting privileges, except that each class has its own expenses directly attributable to that class and exclusive voting rights with respect to matters affecting that class. Classes A, B, C and N have separate
distribution and/or service plans. Class B shares will automatically convert to Class A shares six years after the date of purchase. The following is a summary of significant accounting policies consistently followed by the Fund.
Securities Valuation. Securities listed or traded on National Stock Exchanges or other domestic or foreign exchanges are valued based on the last sale
price of the security traded on that exchange prior to the time when the Funds 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 (including restricted securities) for which quotations are not readily available are valued primarily using dealer-supplied valuations, a portfolio pricing service authorized by the Board of
Directors, or at their fair value. Fair value is determined in good faith under consistently applied procedures under the supervision of the Board of Directors. Short-term money market type debt securities with remaining maturities of sixty
days or
less are valued at amortized cost (which approximates market value).
Security Credit Risk. The Fund invests in high yield securities, which may be subject to a greater degree of credit risk, greater market fluctuations and
risk of loss of income and principal, and may be more sensitive to economic conditions than lower yielding, higher rated fixed income securities. The Fund may acquire securities in default, and is not obligated to dispose of securities whose issuers
subsequently default. As of April 30, 2001, securities with an aggregate market value of $630,487, representing 0.23% of the Funds net assets, were in default.
24 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
Foreign Currency Translation. The accounting records of the Fund are maintained in U.S. dollars. Prices of securities denominated in foreign currencies are
translated into U.S. dollars at the closing rates of exchange. Amounts related to the purchase and sale of foreign securities and investment income are translated at the rates of exchange prevailing on the respective dates of such transactions.
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 Funds Statement of Operations.
Repurchase Agreements. The Fund requires the custodian to take possession, to have legally segregated in the Federal Reserve Book Entry System or to have
segregated within the custodians vault, all securities held as collateral for repurchase agreements. The market value of the underlying securities is required to be at least 102% of the resale price at the time of purchase. If the seller of the
agreement defaults and the value of the collateral declines, or if the seller enters an insolvency proceeding, realization of the value of the collateral by the Fund may be delayed or limited.
Allocation of Income, Expenses, Gains and Losses. Income, expenses (other than those attributable to a specific class), gains and losses are allocated
daily to each class of shares based upon the relative proportion of net assets represented by such class. Operating expenses directly attributable to a specific class are charged against the operations of that class.
Directors Compensation. The Fund has adopted an unfunded retirement plan for the Funds independent Board of Directors. Benefits are based on
years of service and fees paid to each director during the years of service. During the six months ended April 30, 2001, a credit of $23,111 was made for the Funds projected benefit obligations and payments of $4,678 were made to retired directors,
resulting in an accumulated liability of $31,140 as of April 30, 2001.
The Board of Directors has adopted a deferred compensation plan for independent directors that enables directors to elect to defer receipt of all or a portion of annual compensation they are entitled to receive from the
Fund. Under the plan, the compensation deferred is periodically adjusted as though an equivalent amount had been invested for the Board of Directors in shares of one or more Oppenheimer funds selected by the director. The amount paid to the Board of
Directors under the plan will be determined based upon the performance of the selected funds. Deferral of directors fees under the plan will not affect the net assets of the Fund, and will not materially affect the Funds assets, liabilities or
net investment income per share.
25 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
NOTES TO FINANCIAL STATEMENTS Unaudited/Continued
1. Significant Accounting Policies Continued
Federal Taxes. The Fund intends to continue to comply with provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its
taxable income, including any net realized gain on investments not offset by loss carryovers, to shareholders. Therefore, no federal income or excise tax provision is required.
As of October 31, 2000, the Fund had available for federal income tax purposes an unused capital loss carryover as follows:
Expiring 2008 $167,496
Dividends and Distributions to Shareholders. Dividends and distributions to shareholders, which are determined in accordance with income tax regulations,
are recorded on the ex-dividend date.
Classification of Dividends and Distributions to Shareholders. Net investment income (loss) and net realized gain (loss) may differ for financial statement
and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains may differ from its ultimate characterization for federal income tax purposes. Also, due to timing of dividends and
distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or realized gain was recorded by the Fund.
Expense Offset Arrangements. Expenses paid indirectly represent a reduction of custodian fees for earnings on cash balances maintained by the Fund.
Other. Investment transactions are accounted for as of trade date and dividend income is recorded on the ex-dividend date. Certain dividends from foreign
securities will be recorded as soon as the Fund is informed of the dividend if such information is obtained subsequent to the ex-dividend date. Realized gains and losses on investments and unrealized appreciation and depreciation are determined on an
identified cost basis, which is the same basis used for federal income tax purposes.
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.
26 | OPPENHEIMER DISCIPLINED ALLOCATION FUND
2. Shares of Capital Stock
The Fund has authorized 550 million shares of $0.001 par value capital stock (300 million for Class A, 100 million for Class B, 50 million for Class C and 100 million for Class N). Transactions in shares of capital stock were as follows:
Six Months Ended April 30, 20011
Year Ended October 31, 2000 Shares Amount Shares Amount Class A
Sold266,802 $ 3,654,811 473,867 $ 6,576,278 Dividends and/or
distributions reinvested89,057 1,219,578 1,778,259 24,217,286 Redeemed (925,868) (12,751,535)
(9,290,842) (126,765,342) Net decrease (570,009) $
(7,877,146) (7,038,716) $ (95,971,778) Class B
Sold151,471 $ 2,099,653 236,370 $ 3,332,225 Dividends and/or
distributions reinvested6,566 91,747 187,074 2,584,174 Redeemed (164,381) (2,282,870)
(730,656) (10,185,644) Net decrease (6,344) $
(91,470) (307,212) $ (4,269,245) Class C
Sold35,379 $ 481,153 88,178 $ 1,218,700 Dividends and/or
distributions reinvested1,438 19,614 43,934 592,281 Redeemed (66,622) (925,065)
(237,266) (3,255,145) Net decrease (29,805) $
(424,298) (105,154) $ (1,444,164) Class N
Sold72.78 $ 1,000 $
Dividends and/or
distributions reinvested Redeemed
Net decrease 72.78 $
1,000 $
1. For the six months ended April 30, 2001, for Class A, B and C shares and for the period from March 1, 2001 (inception of offering) to April 30,
2001, for Class N shares.
3. Purchases and Sales of Securities
The aggregate cost of purchases and proceeds from sales of securities, other than short-term obligations, for the six months ended April 30, 2001, were $152,014,526 and $170,250,090, respectively.
27 | OPPENHEIMER DISCIPLINED ALLOCATION FUND |
NOTES TO FINANCIAL STATEMENTS Unaudited/Continued |
Six Months Ended | Aggregate Front-End Sales Charges on Class A Shares | Class A Front-End Sales Charges Retained by Distributor | Commissions on Class A Shares Advanced by Distributor1 | Commissions on Class B Shares Advanced by Distributor1 | Commissions on Class C Shares Advanced by Distributor1 | Commissions on Class N Shares Advanced by Distributor1 |
April 30, 2001 | $63,109 | $43,980 | $6,360 | $61,360 | $2,979 | $ |
Six Months Ended | Class A Contingent Deferred Sales Charges Retained by Distributor | Class B Contingent Deferred Sales Charges Retained by Distributor | Class C Contingent Deferred Sales Charges Retained by Distributor | Class N Contingent Deferred Sales Charges Retained by Distributor |
April 30, 2001 | $ | $27,246 | $ | $ |
28 | OPPENHEIMER DISCIPLINED ALLOCATION FUND |
Total Payments Under Plan | Amount Retained
by Distributor | Distributors Aggregate Unreimbursed Expenses Under Plan | Distributors Aggregate Unreimbursed Expenses as % of Net Assets of Class | |
Class B Plan | $85,933 | $67,265 | $590,640 | 3.52% |
Class C Plan | 16,921 | 2,954 | 79,119 | 2.39 |
Class N Plan | | | | |
29 | OPPENHEIMER DISCIPLINED ALLOCATION FUND |
NOTES TO FINANCIAL STATEMENTS Unaudited/Continued |
30 | OPPENHEIMER DISCIPLINED ALLOCATION FUND |
Security | Acquisition Date | Cost Per Unit | Valuation Per Unit as of April 30, 2001 | Unrealized Depreciation |
Stocks and Warrants Geotek Communications, Inc., Series B (Escrowed) | 1/4/01 | $4.00 | $3.50 | $50 |
31 | OPPENHEIMER DISCIPLINED ALLOCATION FUND |
OPPENHEIMER DISCIPLINED ALLOCATION FUND |
A Series of Oppenheimer Series Fund, Inc. | |
Officers and Directors | Leon Levy, Chairman of the Board of Directors Donald W. Spiro, Vice Chairman of the Board of Directors Bridget A. Macaskill, Director and President Robert G. Galli, Director Phillip A. Griffiths, Director Benjamin Lipstein, Director Elizabeth B. Moynihan, Director Kenneth A. Randall, Director Edward V. Regan, Director Russell S. Reynolds, Jr., Director Clayton K. Yeutter, Director Alan Gilston, Vice President John Kowalik, Vice President Andrew J. Donohue, Secretary Brian W. Wixted, Treasurer Robert J. Bishop, Assistant Treasurer Scott T. Farrar, Assistant Treasurer Robert G. Zack, Assistant Secretary |
Investment Advisor | OppenheimerFunds, Inc. |
Distributor | OppenheimerFunds Distributor, Inc. |
Transfer and Shareholder Servicing Agent | OppenheimerFunds Services |
Custodian of Portfolio Securities | The Bank of New York |
Independent Auditors | KPMG LLP |
Legal Counsel | Mayer, Brown & Platt The financial statements included herein have been taken from the records of the Fund without examination of those records by the independent auditors. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., Two World Trade Center, New York, NY 10048-0203. ©Copyright 2001OppenheimerFunds, Inc. All rights reserved. |
32 | OPPENHEIMER DISCIPLINED ALLOCATION FUND |
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