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 |
Prospectus Supplement dated June 23, 2011
This supplement amends the prospectus 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 to the paragraph in the section titled “What Classes of Shares does the Fund Offer–Class B 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 to the paragraph in the section titled “About Class B Shares-Automatic Conversion of Class B Shares”:
On July 1, 2011, all Class B shares held in certain retirement plan accounts will convert to Class A shares, or to another share class selected by the plan sponsor.
3. The following sentence is added to the paragraph in the section titled “Investment Plans and Services-Retirement Plans”:
Effective July 1, 2008, Class B shares were no longer offered to new qualified retirement plans or to non-qualified deferred compensation plans. Effective July 1, 2011
existing Class B shares held in those plans will convert to Class A shares, or to another share class selected by the plan sponsor.
June 23, 2011
PS0000.063