<SEC-DOCUMENT>0000728889-15-001673-index.html : 20151120
<SEC-HEADER>0000728889-15-001673.hdr.sgml : 20151120
<ACCEPTANCE-DATETIME>20151120151237
ACCESSION NUMBER:		0000728889-15-001673
CONFORMED SUBMISSION TYPE:	497K
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20151120
DATE AS OF CHANGE:		20151120
EFFECTIVENESS DATE:		20151120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OPPENHEIMER EQUITY INCOME FUND
		CENTRAL INDEX KEY:			0000799029
		IRS NUMBER:				132527171
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497K
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-16881
		FILM NUMBER:		151246401

	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 EQUITY INCOME FUND INC
		DATE OF NAME CHANGE:	20070801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OPPENHEIMER QUEST CAPITAL VALUE FUND INC
		DATE OF NAME CHANGE:	19970303

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QUEST FOR VALUE DUAL PURPOSE FUND INC
		DATE OF NAME CHANGE:	19920703
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000799029
<SERIES-ID>S000008498
<SERIES-NAME>OPPENHEIMER EQUITY INCOME FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000023330
<CLASS-CONTRACT-NAME>A
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000023331
<CLASS-CONTRACT-NAME>B
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000031353
<CLASS-CONTRACT-NAME>C
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000031354
<CLASS-CONTRACT-NAME>R
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000098424
<CLASS-CONTRACT-NAME>Y
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000110903
<CLASS-CONTRACT-NAME>I
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497K
<SEQUENCE>1
<FILENAME>equityincomefundspfebruary.htm
<TEXT>
Document 1 - file: equityincomefundspfebruary.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>pr2405img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: pr2405img001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>pr2405img000.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: pr2405img000.jpg

</DOCUMENT>
</SEC-DOCUMENT>