0000728889-12-001735.txt : 20121031 0000728889-12-001735.hdr.sgml : 20121031 20121031141002 ACCESSION NUMBER: 0000728889-12-001735 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20121031 DATE AS OF CHANGE: 20121031 EFFECTIVENESS DATE: 20121031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROCHESTER FUND MUNICIPALS CENTRAL INDEX KEY: 0000093621 IRS NUMBER: 160473255 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-03692 FILM NUMBER: 121170391 BUSINESS ADDRESS: STREET 1: 350 LINDEN OAKS CITY: ROCHESTER STATE: NY ZIP: 14625-2807 BUSINESS PHONE: 7163838700 MAIL ADDRESS: STREET 1: 350 LINDEN OAKS CITY: ROCHESTER STATE: NY ZIP: 14625-2807 FORMER COMPANY: FORMER CONFORMED NAME: ROCHESTER FUND MUNICIPALS INC DATE OF NAME CHANGE: 19920521 FORMER COMPANY: FORMER CONFORMED NAME: MARTEK INVESTORS INC/NY DATE OF NAME CHANGE: 19860302 FORMER COMPANY: FORMER CONFORMED NAME: STAR SUPERMARKETS INC DATE OF NAME CHANGE: 19830104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER AMT FREE NEW YORK MUNICIPALS CENTRAL INDEX KEY: 0000748009 IRS NUMBER: 133222130 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-91683 FILM NUMBER: 121170400 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 NEW YORK MUNICIPAL FUND DATE OF NAME CHANGE: 19961031 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER NEW YORK TAX EXEMPT FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER MUNICIPAL FUND CENTRAL INDEX KEY: 0000799102 IRS NUMBER: 363456529 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-08054 FILM NUMBER: 121170399 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 CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER TAX EXEMPT BOND FUND DATE OF NAME CHANGE: 19940330 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER INSURED TAX EXEMPT BOND FUND DATE OF NAME CHANGE: 19921201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER MULTI-STATE MUNICIPAL TRUST CENTRAL INDEX KEY: 0000853593 IRS NUMBER: 133725974 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-30198 FILM NUMBER: 121170398 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 MULTI-STATE TAX-EXEMPT TRUST DATE OF NAME CHANGE: 19940330 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER PENNSYLVANIA TAX EXEMPT FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Rochester Portfolio Series CENTRAL INDEX KEY: 0000876409 IRS NUMBER: 161399853 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-41511 FILM NUMBER: 121170390 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER LIMITED TERM NEW YORK MUNICIPAL FUND DATE OF NAME CHANGE: 20020930 FORMER COMPANY: FORMER CONFORMED NAME: ROCHESTER PORTFOLIO SERIES DATE OF NAME CHANGE: 19920717 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Ohio Municipal Fund CENTRAL INDEX KEY: 0001357428 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132785 FILM NUMBER: 121170393 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Virginia Municipal Fund CENTRAL INDEX KEY: 0001357429 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132786 FILM NUMBER: 121170392 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester North Carolina Municipal Fund CENTRAL INDEX KEY: 0001357430 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132784 FILM NUMBER: 121170394 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Michigan Municipal Fund CENTRAL INDEX KEY: 0001357432 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132782 FILM NUMBER: 121170395 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Massachusetts Municipal Fund CENTRAL INDEX KEY: 0001357433 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132781 FILM NUMBER: 121170396 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Rochester Maryland Municipal Fund CENTRAL INDEX KEY: 0001357435 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-132779 FILM NUMBER: 121170397 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 0000093621 S000008503 ROCHESTER FUND MUNICIPALS C000023347 A C000023348 B C000023349 C C000023350 Y 0000748009 S000006958 OPPENHEIMER AMT FREE NEW YORK MUNICIPALS C000018979 A C000018980 B C000018981 C C000096823 Y 0000799102 S000007126 Oppenheimer Limited Term Municipal Fund C000019489 A C000019490 B C000019491 C C000096825 Y 0000853593 S000007294 Oppenheimer New Jersey Municipal Fund C000020044 A C000020045 B C000020046 C C000096811 Y 0000853593 S000007295 Oppenheimer Pennsylvania Municipal C000020047 A C000020048 B C000020049 C C000096810 Y 0000876409 S000010049 OPPENHEIMER LIMITED TERM NEW YORK MUNICIPAL FUND C000027833 A C000027834 B C000027835 C C000099311 Y 0001357428 S000012509 Oppenheimer Rochester Ohio Municipal Fund C000034015 A C000034016 B C000034017 C C000102786 Y 0001357429 S000012510 Oppenheimer Rochester Virginia Municipal Fund C000034018 A C000034019 B C000034020 C C000102777 Y 0001357430 S000012508 Oppenheimer Rochester North Carolina Municipal Fund C000034012 A C000034013 B C000034014 C C000102772 Y 0001357432 S000012506 Oppenheimer Rochester Michigan Municipal Fund C000034006 A C000034007 B C000034008 C C000102791 Y 0001357433 S000012505 Oppenheimer Rochester Massachusetts Municipal Fund C000034003 A C000034004 B C000034005 C C000102788 Y 0001357435 S000012504 Oppenheimer Rochester Maryland Municipal Fund C000034000 A C000034001 B C000034002 C C000102779 Y 497 1 sticker.htm MUNICIPAL FUNDS STICKER sticker.htm
 
 

Limited Term New York Municipal Fund
Oppenheimer Rochester Massachusetts Municipal Fund
Oppenheimer AMT-Free New York Municipals
Oppenheimer Rochester Michigan Municipal Fund
Oppenheimer Limited Term Municipal Fund
Oppenheimer Rochester North Carolina Municipal Fund
Oppenheimer New Jersey Municipal Fund
Oppenheimer Rochester Ohio Municipal Fund
Oppenheimer Pennsylvania Municipal Fund
Oppenheimer Rochester Virginia Municipal Fund
Oppenheimer Rochester Maryland Municipal Fund
Rochester Fund Municipals


Prospectus Supplement dated October 31, 2012

This supplement amends the Prospectus of each of the above referenced funds (each a "Fund") and is in addition to any other supplement(s). The Prospectus is revised as follow:
 
The following paragraph is added as a sub-paragraph to the section titled “About the Fund’s Investment Strategies and Risks” “U.S. Territories, Commonwealths and Possessions”
 

 
Significant Investment in Puerto Rico Municipal SecuritiesAs of its most recent fiscal year-end, the Fund invested a significant percentage of its total assets in Puerto Rican municipal securities, which are exempt from federal, state, and where applicable, local income taxes.  The Manager expects the Fund to remain invested in municipal securities issued in Puerto Rico, subject to market, economic and political conditions. Like many U.S. states and municipalities, Puerto Rico experienced a significant downturn during the recent recession. Puerto Rico continues to face significant fiscal challenges, including persistent government deficits, underfunded public pension benefit obligations, underfunded government retirement systems, sizable debt service obligations and a high unemployment rate.  As a result of Puerto Rico's challenging economic and fiscal environment, many ratings organizations have downgraded a number of securities issued in Puerto Rico or placed them on “negative watch”; the Fund holds some of these securities. If the economic situation in Puerto Rico persists or worsens, the volatility, credit quality and performance of the Fund could be adversely affected.
 


October 31, 2012 PS0000.053