OFI Global Asset Management, Inc.
225 Liberty Street,

New York, New York 10281-1008

January 3, 2017

VIA EDGAR

Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549

Re: Oppenheimer Capital Income Fund (the “Registrant”)
Reg. No. 002-33043; File No. 811-01512

To the Securities and Exchange Commission:

Pursuant to Rule 497(j) under the Securities Act of 1933, as amended (the “Securities Act“), I hereby represent that the form of Prospectus and Statement of Additional Information that would have been filed pursuant to Rule 497(c) under the Securities Act would not have differed from that contained in Post-Effective Amendment No. 82 to the Registrant’s Registration Statement on Form N-1A, which was filed electronically with the Securities and Exchange Commission on December 27, 2016.

Sincerely,

/s/ Amy Shapiro

Amy Shapiro
Vice President and Assistant Counsel
212-323-5922
ashapiro@ofiglobal.com

cc: Ropes & Gray LLP
Gloria LaFond
Taylor Edwards, Esq.