Oppenheimer Balanced Fund |
Oppenheimer International Diversified Fund |
Oppenheimer Capital Appreciation Fund |
Oppenheimer International Growth Fund |
Oppenheimer Capital Income Fund |
Oppenheimer International Small Company Fund |
Oppenheimer Cash Reserves Fund |
Oppenheimer Limited-Term Government Fund |
Oppenheimer Champion Income Fund |
Oppenheimer Main Street Fund® |
Oppenheimer Commodity Strategy Total Return Fund |
Oppenheimer Main Street Select Fund® |
Oppenheimer Core Bond Fund |
Oppenheimer Main Street Small- & Mid-Cap Fund® |
Oppenheimer Developing Markets Fund |
Oppenheimer Principal Protected Main Street Fund III |
Oppenheimer Discovery Fund |
Oppenheimer Quest International Value Fund |
Oppenheimer Equity Fund, Inc. |
Oppenheimer Quest Opportunity Value Fund |
Oppenheimer Equity Income Fund, Inc. |
Oppenheimer Real Estate Fund |
Oppenheimer Global Fund |
Oppenheimer Rising Dividends Fund |
Oppenheimer Global Allocation Fund |
Oppenheimer Select Value Fund |
Oppenheimer Global Opportunities Fund |
Oppenheimer Small- & Mid- Cap Value Fund |
Oppenheimer Global Strategic Income Fund |
Oppenheimer Small- & Mid-Cap Growth Fund |
Oppenheimer Global Value Fund |
Oppenheimer U.S. Government Trust |
Oppenheimer Gold & Special Minerals Fund |
Oppenheimer Value Fund |
Oppenheimer International Bond Fund |
Supplement to the Statement of Additional Information dated July 1, 2011
This supplement amends the Statement of Additional Information of each of the above referenced funds (each a "Fund") as follows and is in addition to any other supplement(s).
1. The following sentence is added following the last paragraph in the section titled "How to Buy Shares – Classes of Shares":
Effective July 1, 2011, Class B shares are not available for purchase by any 457(f) plan or qualified retirement plan, except for purchases by existing OppenheimerFunds Single K plans.
2. The following sentence is added following the last paragraph in the section titled "How Exchanges Affect Contingent Deferred Sales Charges":
For circumstances in which a CDSC on shares acquired by exchange may be waived, see Appendix A "Special Sales Charge Arrangements and Waivers."
3. The following sentence is added to the first paragraph in the section titled "Appendix A - I. Applicability of Class A Contingent Deferred Sales Charges in Certain Cases":
The acquisition of Class A shares by conversion from another share class is not considered a "purchase" for any purpose.
4. The following bullet point is added to the bulleted list in the section titled "II. Waivers of Class A Sales Charges of Oppenheimer Funds - A. Waivers of Initial and Contingent Deferred Sales Charges for Certain Purchasers":
· |
Purchases of Class A shares within retirement plans that were converted to Class A shares on July 1, 2011. |
5. The following sentence is added to the first paragraph in the section titled "Appendix A - III. Waivers of Class B, Class C and Class N Sales Charges of Oppenheimer Funds":
The acquisition of Class C or Class N shares by conversion from another share class is not considered a "purchase" for any purpose.
July 1, 2011 PX0000.047