OppenheimerFunds, Inc.
                                 Two World Financial Center
                               225 Liberty Street, 11th Floor
                                  New York, NY 10281-1008


Mitchell J. Lindauer
Vice President &
Assistant General Counsel

February 12, 2008


VIA EDGAR

Securities and Exchange Commission
Mail Stop 0-7, Filer Support
6432 General Green Way
Alexandria, VA 22312

      Re:   Oppenheimer Equity Income Fund, Inc.
            Post-Effective Amendment No. 17 under the Securities Act
            and Amendment No 28 under the Investment Company Act
            File Nos. 333-16881, 811-04797


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. 17 to the Registrant's  Registration  Statement on
Form N-1A,  which was filed  electronically  with the  Securities  and  Exchange
Commission on February 11, 2008.

                              Sincerely,

                              /s/ Mitchell J. Lindauer
                           ------------------------------------
                                Mitchell J. Lindauer
                                Vice President & Assistant General Counsel
                                212.323.0254
                                mlindauer@oppenheimerfunds.com

cc:  Mayer Brown LLP
     Gloria LaFond
     Nancy S. Vann