<SEC-DOCUMENT>0001193125-17-373357-index.html : 20171219
<SEC-HEADER>0001193125-17-373357.hdr.sgml : 20171219
<ACCEPTANCE-DATETIME>20171219131633
ACCESSION NUMBER:		0001193125-17-373357
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		10
CONFORMED PERIOD OF REPORT:	20171031
FILED AS OF DATE:		20171219
DATE AS OF CHANGE:		20171219
EFFECTIVENESS DATE:		20171219

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:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04797
		FILM NUMBER:		171263486

	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>N-CSR
<SEQUENCE>1
<FILENAME>d490942dncsr.htm
<DESCRIPTION>OPPENHEIMER EQUITY INCOME FUND
<TEXT>
Document 1 - file: d490942dncsr.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CODE ETH
<SEQUENCE>2
<FILENAME>d490942dex99codeeth.htm
<DESCRIPTION>CODE OF ETHICS
<TEXT>
Document 2 - file: d490942dex99codeeth.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>d490942dex99cert.htm
<DESCRIPTION>SECTION 302 CERTIFICATIONS
<TEXT>
Document 3 - file: d490942dex99cert.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906CERT
<SEQUENCE>4
<FILENAME>d490942dex99906cert.htm
<DESCRIPTION>SECTION 906 CERTIFICATIONS
<TEXT>
Document 4 - file: d490942dex99906cert.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g490942bc1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 5 - file: g490942bc1.jpg

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g490942bc2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 6 - file: g490942bc2.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g490942g05t11.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 7 - file: g490942g05t11.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g490942g15g54.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 8 - file: g490942g15g54.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g490942g29p59.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 9 - file: g490942g29p59.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g490942g85p71.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 10 - file: g490942g85p71.jpg

</DOCUMENT>
</SEC-DOCUMENT>