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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 E9UDrDJT/ctRNcVAh9b55VOF4LAR7fR34atZlwzOxcEA3H+H+j8p0n+74QfBUR9I
 0aognofA252MojRj7zb3DQ==

<SEC-DOCUMENT>0000728889-04-000861.txt : 20041008
<SEC-HEADER>0000728889-04-000861.hdr.sgml : 20041008
<ACCEPTANCE-DATETIME>20041008153930
ACCESSION NUMBER:		0000728889-04-000861
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041008
FILED AS OF DATE:		20041008
DATE AS OF CHANGE:		20041008

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OPPENHEIMER FUNDS INC
		CENTRAL INDEX KEY:			0000728889
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6803 SOUTH TUCSON WAY
		STREET 2:		N/A
		CITY:			CENTENNIAL
		STATE:			CO
		ZIP:			80112-3924
		BUSINESS PHONE:		303-768-3200

	MAIL ADDRESS:	
		STREET 1:		6803 SOUTH TUCSON WAY
		STREET 2:		N/A
		CITY:			CENTENNIAL
		STATE:			CO
		ZIP:			80112-3924

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OPPENHEIMER MANAGEMENT CORP
		DATE OF NAME CHANGE:	19940131

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OFI TREMONT MARKET NEUTRAL HEDGE FUND
		CENTRAL INDEX KEY:			0001174563
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04164-06
		FILM NUMBER:		041072207

	BUSINESS ADDRESS:	
		STREET 1:		6803 SOUTH TUSCON WAY
		CITY:			CENTENNIAL
		STATE:			CO
		ZIP:			80112-3924
		BUSINESS PHONE:		303-768-3200

	MAIL ADDRESS:	
		STREET 1:		6803 SOUTH TUCSON WAY
		CITY:			CENTENNIAL
		STATE:			CO
		ZIP:			80112-3924

	FORMER NAME:	
		FORMER CONFORMED NAME:	OFI TREMONT LOW CORRELATION HEDGE FUND
		DATE OF NAME CHANGE:	20020530
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2004-10-08</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000728889</issuerCik>
        <issuerName>OPPENHEIMER FUNDS INC</issuerName>
        <issuerTradingSymbol>67084L101</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001174563</rptOwnerCik>
            <rptOwnerName>OFI TREMONT MARKET NEUTRAL HEDGE FUND</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6803 SOUTH TUCSON WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CENTENNIAL</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80112-3924</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>SVP/Chief Compliance Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Oppenheimer Tremont Market Neutral Hedge Fund</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>n/a</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>n/a</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">n/a</footnote>
        <footnote id="F2">n/a</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Mark S. Vandehey</signatureName>
        <signatureDate>2004-10-08</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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