CENTENNIAL GOVERNMENT TRUST
                    Supplement dated June 10, 2004 to the
                       Prospectus dated August 22, 2003



The Trust will be open for business on June 11, 2004.  Any purchase, exchange
or redemption orders received on June 11, 2004 as set forth in the prospectus
will be processed at the net asset value determined on June 11, 2004.









June 10, 2004                                         PS0170.013