Oppenheimer AMT–Free Municipals
Oppenheimer AMT–Free New York Municipals
Oppenheimer California Municipal Fund
Oppenheimer Limited Term California Municipal Fund
Oppenheimer Limited Term Municipal Fund
Oppenheimer Limited Term New York Municipal Fund
Oppenheimer New Jersey Municipal Fund
Oppenheimer Pennsylvania Municipal Fund
Oppenheimer Rochester Arizona Municipal Fund
Oppenheimer Rochester Maryland Municipal Fund
Oppenheimer Rochester Massachusetts Municipal Fund
Oppenheimer Rochester Michigan Municipal Fund
Oppenheimer Rochester Minnesota Municipal Fund
Oppenheimer Rochester National Municipals
Oppenheimer Rochester North Carolina Municipal Fund
Oppenheimer Rochester Ohio Municipal Fund
Oppenheimer Rochester Virginia Municipal Fund
Rochester Fund Municipals
Oppenheimer Rochester Short Term Municipal Fund
Oppenheimer Rochester Intermediate Term Municipal Fund
Prospectus and Statement of Additional Information Supplement Dated May 6, 2011
This supplement amends the Prospectus and Statement of Additional Information of each of the above referenced funds (each a “Fund”) as follows and is in addition to any other supplement(s).
Effective May 9, 2011, Marcus V. Franz is no longer a portfolio manager of the Funds.
May 6, 2011 PS0000.061
rochester fund Municipals
Supplement Dated May 6, 2011 to the
Summary Prospectus Dated March 30, 2011
This supplement amends the Summary Prospectus of Rochester Fund Municipals (the “Fund”), dated March 30, 2011, as follows:
Effective May 9, 2011, Marcus V. Franz is no longer a portfolio manager of the Fund.
May 6, 2011 PS03650.18