INTEGRITY FUNDS ON BEHALF OF BOND FUND
OPPENHEIMER BOND FUND
Supplement dated November 1, 2001
to the Prospectus dated April 24, 2001
The Prospectus is changed as follows:
1. The Prospectus supplement dated August 7, 2001 is withdrawn.
2. The section captioned "Class A Contingent Deferred Sales Charge" on page 20 is deleted and replaced by the following:
Class A Contingent Deferred Sales Charge. There is no initial sales charge on non-retirement plan purchases of Class A
shares of any one or more of the Oppenheimer funds aggregating $1 million or more, or for certain purchases by particular
types of retirement plans that were permitted to purchase such shares prior to March 1, 2001 ("grandfathered retirement
accounts"). After March 1, 2001, retirement plans are not permitted to make initial purchases of Class A shares subject to
a contingent deferred sales charge, except as provided below. The Distributor pays dealers of record concessions in an
amount equal to 1.0% of purchases of $1 million or more other than by grandfathered retirement accounts. For grandfathered
retirement accounts, the concession is 1.0% of the first $2.5 million, plus 0.50% of the next $2.5 million, plus 0.25% of
purchases over $5 million, calculated on a calendar year basis. In either case, the concession will not be paid on
purchases of shares by exchange or that were not previously subject to a front-end sales charge and dealer concession.
If you redeem any of those shares within an 18 month "holding period" measured from the beginning of the calendar month of
their purchase, a contingent deferred sales charge (called the "Class A contingent deferred sales charge") may be deducted
from the redemption proceeds. That sales charge will be equal to 1.0% of the lesser of (1) the aggregate net asset value of
the redeemed shares at the time of redemption (excluding shares purchased by reinvestment of dividends or capital gain
distributions) or (2) the original net asset value of the redeemed shares. The Class A contingent deferred sales charge
will not exceed the aggregate amount of the concessions the Distributor paid to your dealer on all purchases of Class A
shares of all Oppenheimer funds you made that were subject to the Class A contingent deferred sales charge.
Purchases by Certain Retirement Plans. There is no initial sales charge on purchases of Class A shares of any one or more
Oppenheimer funds by retirement plans that have $10 million or more in plan assets and that have entered into a special
agreement with the Distributor and by retirement plans which are part of a retirement plan product or platform offered by
certain banks, broker-dealers, financial advisors, insurance companies or recordkeepers which have entered into a special
agreement with the Distributor. The Distributor currently pays dealers of record concessions in an amount equal to 0.25% of
the purchase price of Class A shares by those retirement plans from its own resources at the time of sale. 1 There is no
contingent deferred sales charge upon the redemption of such shares.
----------------------
1. No concession will be paid on sales of Class A shares purchased with the redemption proceeds of shares of another mutual
fund offered as an investment option in a retirement plan in which Oppenheimer funds are also offered as investment options
under a special arrangement with the Distributor, if the purchase occurs more than 30 days after the Oppenheimer funds are
added as an investment option under that plan. In applying the contingent deferred sales charge, all purchases are
considered to have been made on the first regular business day of the month in which the purchase was made. Additionally,
that concession will not be paid on purchases of shares by a retirement plan made with the redemption proceeds of Class N
shares of one or more Oppenheimer funds held by the plan for more than eighteen (18) months.
3. Effective November 1, 2001, Class N shares will pay to the Distributor a 0.25% service fee in addition to the 0.25%
asset-based sales charge. The following changes are to reflect the payment of the service fee:
a. The following sentence is added to the end of the last sentence in the first paragraph under "Fees and Expenses of the Fund"
on page 8: as restated to reflect the change in Distribution and /or Service (12b-1) Fees for Class N shares
from 0.25% to 0.50% per annum, effective November 1, 2001."
b. The "Annual Fund Operating Expenses" table on page 8 is deleted and replaced with the following table:
Annual Fund Operating Expenses (deducted from Fund assets):
(% of average daily net assets)
---------------- ---------------- ----------------- --------------- ---------------- ----------------
Class A Shares Class B Shares Class C Shares Class N Shares Class Y Shares
---------------- ---------------- ----------------- --------------- ---------------- ----------------
---------------- ---------------- ----------------- --------------- ---------------- ----------------
Management Fees
0.74% 0.74% 0.74% 0.74% 0.74%
---------------- ---------------- ----------------- --------------- ---------------- ----------------
---------------- ---------------- ----------------- --------------- ---------------- ----------------
Distribution
and/or Service 0.24% 1.00% 1.00% 0.50% None
(12b-1) Fees
---------------- ---------------- ----------------- --------------- ---------------- ----------------
---------------- ---------------- ----------------- --------------- ---------------- ----------------
Other Expenses
0.33% 0.33% 0.33% 0.33% 0.09%
---------------- ---------------- ----------------- --------------- ---------------- ----------------
---------------- ---------------- ----------------- --------------- ---------------- ----------------
Total Annual
Operating 1.31% 2.07% 2.07% 1.32% 0.83%
Expenses
---------------- ---------------- ----------------- --------------- ---------------- ----------------
c. The following is added as the last sentence under the "Annual Fund Operating Expenses" table on page 8: "For the fiscal year
ended December 31, 2000, "Distribution and /or Service 12b-1 Fees" and "Total Annual Operating Expenses" for
the Class N shares were 0.25 % and 1.32 %, respectively."
d. The third sentence of the first paragraph under "Distribution and Service Plans for Class B, Class C and Class N shares" on
page 23 is revised to read as follows: "The Distributor also receives a service fee of 0.25% per year under
each plan." The last sentence of the first paragraph is deleted.
e. The first sentence of the second paragraph under "Distribution and Service Plans for Class B, Class C and Class N shares" on
page 23 is revised to read as follows: "The asset-based sales charge and service fees increase Class B and
Class C expenses by 1.00% and increase Class N expenses by 0.50% of the net assets per year of the respective
class."
f. The first sentence of the third paragraph under "Distribution and Service Plans for Class B, Class C and Class N shares" on
page 23 is revised to read as follows: "The Distributor uses the service fees to compensate dealers for
providing personal services for accounts that hold Class B, Class C or Class N shares."
g. The sixth paragraph under "Distribution and Service Plans for Class B, Class C and Class N shares" on page 23 is deleted
and replaced by the following paragraph:
The Distributor currently pays a sales concession of 0.75% of the purchase price of Class N
shares to dealers from its own resources at the time of sale. Including the advance of the
service fee, the total amount paid by the Distributor to the dealer at the time of sale of
Class N shares is therefore 1.00% of the purchase price. The Distributor retains the
asset-based sales charge on Class N shares. That sales concession on the sale of Class N
shares will not be paid on (i) purchases of Class N shares in amounts of $500,000 or more by a
retirement plan that pays for the purchase with the redemption proceeds of Class A shares of
one or more Oppenheimer funds, or with the redemption proceeds of Class C shares of one or
more Oppenheimer funds held by the plan for more than one year (other than rollovers from an
OppenheimerFunds-sponsored Pinnacle or Ascender 401(k) plan to any IRA invested in the
Oppenheimer funds), and (ii) on purchases of Class N shares by an OppenheimerFunds - sponsored
Pinnacle or Ascender 401(k) plan made with the redemption proceeds of Class A shares of one or
more Oppenheimer funds.
4. The third sentence of the section captioned "OPPENHEIMERFUNDS INTERNET WEB SITE" on page 25 is deleted and replaced with the
following:
To perform account transactions or obtain account information online, you must first obtain a user I.D. and password on
that web site.
November 1, 2001 285PS022
n1a\285_PS022