OFI Global Asset Management, Inc.

225 Liberty Street, 11th Floor

New York, NY 10281-1008

March 4, 2015

VIA EDGAR

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

Re: Oppenheimer Equity Income Fund (the “Registrant”)

Reg. No. 333-16881; File No. 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. 32 to the Registrant’s Registration Statement on Form N-1A, which was filed electronically with the Securities and Exchange Commission on February 25, 2015.

Sincerely,

/s/ Amy Shapiro

Amy Shapiro

Vice President and Assistant Counsel

(212) 323-5922

ashapiro@ofiglobal.com

cc:     Kramer Levin Naftalis & Frankel LLP

Gloria LaFond

Edward Gizzi, Esq.