UNITED STATES
                             SECURITIES AND EXCHANGE COMMISSION
                                    Washington, DC 20549

                                         FORM N-PX

      ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY



Investment Company Act file number:                     811-5473

Exact name of registrant as specified in charter:       Oppenheimer Multi-Sector
                                                        Income Trust

Address of principal executive offices:                 Two World Financial Center
                                                        225 Liberty Street
                                                        New York, NY 10281-1008

Name and address of agent for service:                  Two World Financial Center
                                                        225 Liberty Street
                                                        New York, NY 10281-1008

Registrant's telephone number, including area code:     303-768-3200

Date of fiscal year end:                                10/31

Date of reporting period:                               07/01/2003-06/30/2004

Item 1.           Proxy Voting Record




==================== OPPENHEIMER MULTI-SECTOR INCOME TRUST =====================


BANK POLSKA KASA OPIEKI SA (PEKAO)

Ticker:                      Security ID:  US0644512065
Meeting Date: APR 7, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              For       For        Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Elect Members of Election Committee       For       For        Management
5     Approve Agenda of Meeting                 For       For        Management
6     Receive Management Board 2003 Activity    None      None       Management
      Report (Non-Voting)
7     Receive Financial Statements (Non-Voting) None      None       Management
8     Receive Management Board Report on        None      None       Management
      Activity of Bank's Capital Group
      (Non-Voting)
9     Receive Consolidated Financial Statements None      None       Management
      (Non-Voting)
10    Receive Management Board's Proposal for   None      None       Management
      Allocation of Profit for 2003
      (Non-Voting)
11    Receive Supervisory Board Reports         None      None       Management
      (Non-Voting)
12.1  Approve Management Board 2003 Activity    For       For        Management
      Report
12.2  Approve Financial Statements              For       For        Management
12.3  Approve Management Board Report on        For       For        Management
      Activity of Bank's Capital Group
12.4  Approve Consolidated Financial Statements For       For        Management
12.5  Approve Allocation of Income for 2003     For       For        Management
12.6  Approve Supervisory Board Reports         For       For        Management
12.7  Approve Discharge of Supervisory Board    For       For        Management
12.8  Approve Discharge of Management Board     For       For        Management
13    Receive Proposal for Issuance of H-Series For       For        Management
      Shares without Preemptive Rights Pursuant
      to Executive Share Option Plan and Amend
      Articles of Association to Reflect
      Increase in Share Capital
14    Approve Introducing H-Series Shares into  For       For        Management
      Public Trade
15    Authorize Supervisory Board to Approve    For       For        Management
      Unified Text of Statute Following Changes
      to Articles to Increase Share Capital by
      Issuance of H-Series Shares
16    Amend Articles of Association Re: Bank's  For       For        Management
      Name and Other General Matters
17    Approve Unified Text of Statute           For       For        Management
18    Approve Rules for Shareholder Meetings    For       Against    Management
19    Other Business                            For       For        Management
20    Close Meeting                             For       For        Management


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BANK POLSKA KASA OPIEKI SA (PEKAO)

Ticker:                      Security ID:  US0644512065
Meeting Date: NOV 4, 2003    Meeting Type: Special
Record Date:  OCT 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Elect Members of Election Committee       For       For        Management
5     Approve Agenda of Meeting                 For       For        Management
6     Amend Statutes                            For       Abstain    Management
7     Amend Statutes                            For       Abstain    Management
8     Elect Supervisory Board                   For       For        Management
9     Other Business                            For       For        Management
10    Close Meeting                             None      None       Management


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COVAD COMMUNICATIONS GROUP, INC

Ticker:       COVD           Security ID:  222814204
Meeting Date: AUG 14, 2003   Meeting Type: Annual
Record Date:  JUN 16, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Larry Irving               For       For        Management
1.2   Elect Director Richard A. Jalkut          For       For        Management
1.3   Elect Director Daniel C. Lynch            For       For        Management
2     Approve Employee Stock Purchase Plan      For       Against    Management
3     Ratify Auditors                           For       For        Management


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COVAD COMMUNICATIONS GROUP, INC

Ticker:       COVD           Security ID:  222814204
Meeting Date: JUN 10, 2004   Meeting Type: Annual
Record Date:  APR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director L. Dale Crandall          For       For        Management
1.2   Elect  Director Hellene S. Runtagh        For       For        Management
2     Ratify Auditors                           For       For        Management


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DOMAN INDUSTRIES LTD.

Ticker:       DOM.A          Security ID:  257039AB3
Meeting Date: JUN 4, 2004    Meeting Type: Written Consent
Record Date:  MAY 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1      APPROVAL OF THE PLAN                     None      Did Not    Management
                                                          Vote
1     Approve Plan of Compromise and            For       Did Not    Management
      Arrangement                                         Vote


- --------------------------------------------------------------------------------

DOMAN INDUSTRIES LTD.

Ticker:       DOM.A          Security ID:  257039AB3
Meeting Date: JUN 4, 2004    Meeting Type: Written Consent
Record Date:  MAY 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1      APPROVAL OF THE PLAN                     None      Did Not    Management
                                                          Vote
1     Approve Plan of Compromise and            For       Did Not    Management
      Arrangement                                         Vote


- --------------------------------------------------------------------------------

EQUINIX, INC.

Ticker:       EQIX           Security ID:  29444U502
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:  APR 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gary Hromadko             For       For        Management
1.2   Elect  Director Scott Kriens              For       Withhold   Management
1.3   Elect  Director Andrew Rachleff           For       For        Management
1.4   Elect  Director Dennis Raney              For       For        Management
1.5   Elect  Director Peter Van Camp            For       For        Management
1.6   Elect  Director Michelangelo Volpi        For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Approve Employee Stock Purchase Plan      For       Against    Management
4     Amend Omnibus Stock Plan                  For       For        Management


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GLOBIX CORP.

Ticker:       GBIXQ          Security ID:  37957F200
Meeting Date: FEB 24, 2004   Meeting Type: Annual
Record Date:  JAN 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Peter K. Stevenson         For       For        Management
1.2   Elect Director Peter S. Brodsky           For       For        Management
1.3   Elect Director Peter L. Herzig            For       For        Management
1.4   Elect Director Steven Lampe               For       For        Management
1.5   Elect Director Steven G. Singer           For       For        Management
1.6   Elect Director Raymond Steele             For       For        Management
1.7   Elect Director Steven A. Van Dyke         For       For        Management
2     Amend Stock Option Plan                   For       For        Management


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KGHM POLSKA MIEDZ S.A.

Ticker:                      Security ID:  48245W202
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:  MAR 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Election of the Chairman of the General   For       For        Management
      Meeting
2     Acceptance of the Agenda of the General   For       For        Management
      Meeting
3     Approval of the Report of the Supervisory For       For        Management
      Board
4     Approval of the Report of the Management  For       For        Management
      Board
5     Approval of the Financial Report of the   For       For        Management
      Company for the Financial Year 2003
6     The Distribution of Company Profit for    For       For        Management
      Financial Year 2003
7     Approve Discharge of Management Board     For       For        Management
8     Approve Discharge of Supervisory Board    For       For        Management
9     Recall From the Supervisory Board         For       For        Management
10    Appointment to the Supervisory Board      For       For        Management


- --------------------------------------------------------------------------------

KGHM POLSKA MIEDZ S.A.

Ticker:                      Security ID:  US48245W2026
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              For       For        Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Receive Management Board Report and       None      None       Management
      Financial Statements
6     Receive Management's Proposal on          None      None       Management
      Allocation of Profit for 2003
7     Receive Supervisory Board Report          None      None       Management
8     Approve Supervisory Board Report          For       For        Management
9     Approve Management Board Report; Approve  For       For        Management
      2003 Financial Statements; Approve
      Allocation of Profit for 2003
10    Approve Discharge of Management and       For       For        Management
      Supervisory Boards
11    Elect Supervisory Board Members           For       For        Management
12    Close Meeting                             For       For        Management


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MANITOWOC COMPANY, INC., THE

Ticker:       MTW            Security ID:  563571108
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  FEB 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert C. Stift           For       Withhold   Management
1.2   Elect  Director Virgis W. Colbert         For       Withhold   Management
1.3   Elect  Director Kenneth W. Krueger        For       Withhold   Management
2     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan


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MATAV RT

Ticker:                      Security ID:  US5597761098
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Directors' Report on Company      For       Did Not    Management
      Business Policy and Financial Situation             Vote
      in 2003
2     Approve Directors' Report on Business     For       Did Not    Management
      Operations in 2003, Supervisory Board's             Vote
      Report and Auditor's Report
3     Approve Allocation of Income Earned in    For       Did Not    Management
      2003 and Dividend of HUF 70 per Share               Vote
4     Approve Dematerialization of Shares       For       Did Not    Management
                                                          Vote
5     Amend Articles of Association             For       Did Not    Management
                                                          Vote
6     Elect Management Board                    For       Did Not    Management
                                                          Vote
7     Elect Supervisory Board                   For       Did Not    Management
                                                          Vote
8     Approve Remuneration of Management and    For       Did Not    Management
      Supervisory Board Members                           Vote
9     Approve Auditors and Fix Their            For       Did Not    Management
      Remuneration                                        Vote
10    Approve Rules of Procedure of Supervisory For       Did Not    Management
      Board                                               Vote
11    Approve Amendments to Matav Stock Option  Against   Did Not    Shareholder
      Plan                                                Vote
12    Other Business                            For       Did Not    Management
                                                          Vote


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MICROCELL TELECOMMUNICATION

Ticker:       MT.B           Security ID:  59501T882
Meeting Date: MAY 5, 2004    Meeting Type: Annual/Special
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify Ernst & Young as Auditors and  For       For        Management
      Authorise Board to Fix Remuneration of
      Auditors.
2     The Resolution to Confirm the General     For       For        Management
      By-Law of the Corporation.
3     Confirm the Expiration Time Under the     For       For        Management
      Shareholder Rights Plan of the
      Corporation.
4     Amend Stock Option Plan                   For       For        Management


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MOL HUNGARIAN OIL AND GAS PLC.(FORMERLY MOL MAGYAR OLAY-ES

Ticker:                      Security ID:  US6084642023
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Directors' Report on 2003         None      None       Management
      Business Year and Proposal on Allocation
      of Income
1.2   Receive Auditors' Report                  None      None       Management
1.3   Receive Supervisory Board's Report        None      None       Management
1.4   Approve Financial Statements and          For       For        Management
      Allocation of Income and Dividend
2     Approve Auditors and Fix Their            For       For        Management
      Remuneration
3     Amend Articles of Association             For       Against    Management
4     Receive Board's Report on Transactions    For       For        Management
      with Treasury Shares and Authorize Share
      Repurchase Program
5     Elect Supervisory Board Members and       For       For        Management
      Determine Their Remuneration
6     Elect Members of Board of Directors and   For       For        Management
      Determine Their Remuneration


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NTL INCORPORATED

Ticker:       NTLI           Security ID:  62940M104
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Jeffrey D. Benjamin       For       For        Management
1.2   Elect  Director David Elstein             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Approve Executive Incentive Bonus Plan    For       For        Management
5     Approve Share Plan Grant                  For       For        Management


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ORBITAL SCIENCES CORP.

Ticker:       ORB            Security ID:  685564106
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward F. Crawley         For       Withhold   Management
1.2   Elect  Director Lennard A. Fisk           For       Withhold   Management
1.3   Elect  Director Garrett E. Pierce         For       Withhold   Management
1.4   Elect  Director David W. Thompson         For       Withhold   Management


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OTP BANK RT

Ticker:                      Security ID:  USX607461166
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Directors' Report on Bank's 2003  For       None       Management
      Business Activities and Financial
      Statements
2     Approve Supervisory Board's Report        For       None       Management
3     Approve Auditor's Report                  For       None       Management
4     Approve Directors' Report on Bank's       For       None       Management
      Business Policy for 2004
5     Approve Auditors and Fix Their            For       For        Management
      Remuneration
6     Elect Supervisory Board Member (Employee  For       For        Management
      Representative)
7     Approve Remuneration of Management and    For       For        Management
      Supervisory Board Members
8     Amend Articles of Association             For       For        Management
9     Authorize Share Repurchase Program        For       For        Management


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PIONEER COMPANIES, INC.

Ticker:       PONR           Security ID:  723643300
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  APR 6, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David N. Weinstein        For       For        Management
1.2   Elect  Director Michael Y. Mcgovern       For       For        Management
1.3   Elect  Director Marvin E. Lesser          For       For        Management
1.4   Elect  Director Gary L. Rosenthal         For       For        Management
1.5   Elect  Director Charles L. Mears          For       For        Management
2     Ratify Auditors                           For       For        Management


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POLSKI KONCERN NAFTOWY ORLEN

Ticker:                      Security ID:  US7316132049
Meeting Date: APR 8, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              For       For        Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Elect Members of Election Committee       For       For        Management
6     Approve Disposal (Sale or Lease) of       For       For        Management
      Self-Operating Parts of Company
7     Amend Rules for Use of the Privatization  For       For        Management
      Fund of PKN ORLEN
8     Amend Articles of Association (Statute)   For       For        Management
9     Approve Changes to Supervisory Board      For       For        Management
10    Close Meeting                             For       For        Management


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POLYMER GROUP, INC.

Ticker:       POLGA          Security ID:  731745204
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  APR 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Pedro Arias               For       Withhold   Management
1.2   Elect  Director Ramon Betolaza            For       Withhold   Management
1.3   Elect  Director Lap Wai Chan              For       Withhold   Management
1.4   Elect  Director William B. Hewitt         For       Withhold   Management
1.5   Elect  Director Eugene Linden             For       Withhold   Management
1.6   Elect  Director James Ovenden             For       Withhold   Management
1.7   Elect  Director Michael Watzky            For       Withhold   Management
2     Approve Stock Option Plan                 For       For        Management
3     Approve Restricted Stock Plan             For       For        Management


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PTV INC.

Ticker:       PTVI           Security ID:  62940R202
Meeting Date: JAN 27, 2004   Meeting Type: Special
Record Date:  DEC 9, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reverse Stock Split               For       Abstain    Management
2     Change Company Name                       For       For        Management


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RICHTER GEDEON RT

Ticker:                      Security ID:  US3684672054
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Directors' Report on 2003         For       Did Not    Management
      Business Activities of Company                      Vote
2     Approve Auditors' Report                  For       Did Not    Management
                                                          Vote
3     Approve Supervisory Board's Report        For       Did Not    Management
                                                          Vote
4     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
5     Approve Financial Statements and Annual   For       Did Not    Management
      Report                                              Vote
6     Receive Directors' Report on 2003         None      Did Not    Management
      Business Activities of Richter Group and            Vote
      Consolidated Financial Statements
7     Receive Auditors' Report on Consolidated  None      Did Not    Management
      Financial Statements                                Vote
8     Receive Supervisory Board's Report on     None      Did Not    Management
      Consolidated Financial Statements                   Vote
9     Approve Consolidated Financial Statements For       Did Not    Management
                                                          Vote
10    Approve 2003 Financial Statements and     For       Did Not    Management
      Consolidated Financial Statements                   Vote
      Prepared in Accordance with IAS Standards
11    Approve Applications Submitted to Company For       Did Not    Management
      by Preference Shareholders for Conversion           Vote
      of Preference Shares into Ordinary Shares
12    Approve Introduction of Ordinary Shares   For       Did Not    Management
      Converted from Preference Shares to                 Vote
      Budapest Stock Exchange and Luxembourg
      Stock Exchange
13    Authorize Share Repurchase Program        For       Did Not    Management
                                                          Vote
14    Amend Articles of Association (Statutes)  For       Did Not    Management
                                                          Vote
15    Approve Consolidated Text of Company's    For       Did Not    Management
      Statutes                                            Vote
16    Elect Directors                           For       Did Not    Management
                                                          Vote
17    Approve Remuneration of Directors and     For       Did Not    Management
      Supervisory Board Members                           Vote
18    Approve Proposal on Appreciation of Board For       Did Not    Management
      of Directors' Activities in 2003                    Vote
19    Elect Supervisory Board Members           For       Did Not    Management
                                                          Vote
20    Approve Remuneration of Supervisory Board For       Did Not    Management
      Members                                             Vote
21    Elect Statutory Auditor                   For       Did Not    Management
                                                          Vote
22    Approve Remuneration of Statutory Auditor For       Did Not    Management
                                                          Vote
23    Other Business                            For       Did Not    Management
                                                          Vote


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STERLING CHEMICALS, INC.

Ticker:       SCHI           Security ID:  859166100
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Richard K. Crump          For       For        Management
1.2   Elect  Director Peter Ting Kai Wu         For       For        Management
2     Ratify Auditors                           For       For        Management


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TELEKOMUNIKACJA POLSKA S.A.

Ticker:                      Security ID:  US87943D2071
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              For       Did Not    Management
                                                          Vote
2     Elect Meeting Chairman                    For       Did Not    Management
                                                          Vote
3     Acknowledge Proper Convening of Meeting   For       Did Not    Management
                                                          Vote
4     Approve Agenda of Meeting                 For       Did Not    Management
                                                          Vote
5     Elect Members of Election Committee       For       Did Not    Management
                                                          Vote
6A    Receive Management Board Report and       None      Did Not    Management
      Financial Statements                                Vote
6B    Receive Management Board's Proposal for   None      Did Not    Management
      Allocation of Income                                Vote
6C    Receive Supervisory Board Report          None      Did Not    Management
                                                          Vote
6D    Receive Management Board Report on        None      Did Not    Management
      Company's Capital Group and Consolidated            Vote
      Financial Statements
6E    Receive Supervisory Board Report on       None      Did Not    Management
      Company's Capital Group                             Vote
7A    Approve Management Board Report           For       Did Not    Management
                                                          Vote
7B    Approve Financial Statements              For       Did Not    Management
                                                          Vote
7C    Approve Allocation of Income              For       Did Not    Management
                                                          Vote
7D    Approve Management Board Report on        For       Did Not    Management
      Company's Capital Group                             Vote
7E    Approve Consolidated Financial Statements For       Did Not    Management
                                                          Vote
7F    Approve Discharge of Management and       For       Did Not    Management
      Supervisory Boards                                  Vote
8     Amend Articles of Association (Statute)   For       Did Not    Management
      Re: Deputy Chairman of Supervisory Board            Vote
9     Adopt Unified Text of Statute             For       Did Not    Management
                                                          Vote
10    Amend Resolution of June 17, 1999 AGM on  For       Did Not    Management
      Remuneration of Supervisory Board Members           Vote
11    Elect Supervisory Board                   For       Did Not    Management
                                                          Vote
12    Close Meeting                             For       Did Not    Management
                                                          Vote


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TELEWEST COMMUNICATIONS PLC

Ticker:                      Security ID:  XS0109484799
Meeting Date: JUN 1, 2004    Meeting Type: Bondholder
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement to be       For       For        Management
      Proposed to be Made Between the Company
      and the Telewest Scheme Creditors


- --------------------------------------------------------------------------------

UNITEDGLOBAL.COM INC

Ticker:       UCOMA          Security ID:  913247508
Meeting Date: FEB 11, 2004   Meeting Type: Special
Record Date:  JAN 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Stock Option Plan                   For       Against    Management


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VIATEL HOLDING BERMUDA LTD

Ticker:                      Security ID:  G93447103
Meeting Date: DEC 29, 2003   Meeting Type: Annual
Record Date:  NOV 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports (Voting)
2     Ratify Deloitte and Touche (London) as    For       For        Management
      Auditors
3     Amend Bylaws  Re: Quorum Requirements,    For       Against    Management
      Meeting Notices Alternate Directors and
      Proposals Consistent With Chairman's
      Letter
4a    Determine Number of Directors             For       For        Management
4b    Elect Directors                           For       For        Management
4c    Approve Alternate Auditors                For       For        Management
4d    Authorize Directors to Appoint Alternate  For       For        Management
      Directors as and When They Deem Fit
4e    Approve Remuneration of Directors         For       For        Management


- --------------------------------------------------------------------------------

VIATEL HOLDING BERMUDA LTD

Ticker:                      Security ID:  G93447103
Meeting Date: APR 6, 2004    Meeting Type: Special
Record Date:  FEB 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     RESOLVED THAT, IMMEDIATELY ON CLOSING (AS For       For        Management
      DEFINED IN THE CHAIRMAN S LETTER
      ACCOMPANYING THE NOTICE OF THE SPECIAL
      GENERAL MEETING (THE  CHAIRMAN S LETTER
      )) TAKING PLACE, THE SHARE CAPITAL OF THE
      COMPANY BE AND IS HEREBY INCREASED FROM
      U.S. $1,000,000 TO
2     RESOLVED THAT, IMMEDIATELY ON CLOSING     For       For        Management
      TAKING PLACE, ONE UNISSUED COMMON SHARE
      OF THE COMPANY BE AND IS HEREBY
      REDESIGNATED AS A SPECIAL SHARE WITH THE
      RIGHTS TO BE INCORPORATED INTO THE
      BYE-LAWS OF THE COMPANY UPON APPROVAL OF
      RESOLUTION 3 BELOW.
3     RESOLVED THAT, IMMEDIATELY ON CLOSING     For       For        Management
      TAKING PLACE, THE BYE-LAWS OF THE COMPANY
      BE AND ARE HEREBY AMENDED AS SET OUT IN
      SCHEDULE 1 TO THE NOTICE OF THE SPECIAL
      GENERAL MEETING AND OTHERWISE AS PROPOSED
      BY THE CHAIRMAN AT THE SPECIAL GENERAL
      MEETING CONSI
4     RESOLVED THAT, IMMEDIATELY ON CLOSING     For       For        Management
      TAKING PLACE, THE BYE-LAWS OF THE COMPANY
      BE AND ARE HEREBY AMENDED AS SET OUT IN
      SCHEDULE 2 TO THE NOTICE OF THE SPECIAL
      GENERAL MEETING.


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VIMPEL COMMUNICATIONS AO

Ticker:       VIP            Security ID:  68370R109
Meeting Date: OCT 24, 2003   Meeting Type: Special
Record Date:  SEP 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of VimpelCom-R        For       For        Management
2     Approve Acquisition of VimpelCom-R as an  For       For        Management
      Interested Party Transaction
3     Issue Shares in Connection with           For       For        Management
      Acquisition of VimpelCom-R
4     Approve Conversion of 3,320 VimpelCom-R   For       For        Management
      Shares Owned by Eco Telecom Ltd. into 7.3
      Million VimpelCom Shares as an Interested
      Party Transaction
5     Approve Conversion of 1,659 VimpelCom-R   For       For        Management
      Shares Owned by Telenor East Invest AS
      into 3.6 Million VimpelCom Shares as an
      Interested Party Transaction


- --------------------------------------------------------------------------------

XO COMMUNICATIONS, INC.

Ticker:       XOCM           Security ID:  983764838
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Carl C. Icahn             For       Withhold   Management
1.2   Elect  Director Carl J. Grivner           For       Withhold   Management
1.3   Elect  Director Andrew R. Cohen           For       Withhold   Management
1.4   Elect  Director Adam Dell                 For       Withhold   Management
1.5   Elect  Director Vincent J. Intrieri       For       Withhold   Management
1.6   Elect  Director Keith Meister             For       Withhold   Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management






                                         SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant):                 Oppenheimer Multi-Sector Income Trust

By (Signature and Title)*:    /s/ John V. Murphy
                              ------------------
                              John V. Murphy, President

Date:                   August 26, 2004

*By:  /s/ Tane Tyler
      --------------
      Tane Tyler, Attorney in Fact