ROCSOP-Oppenheimer International Bond Fund

Net investment income (loss) and net realized gain (loss) may differ for
financial statement and tax purposes. The character of dividends and
distributions made during the fiscal year from net investment income or net
realized gains may differ from their ultimate characterization for federal
income tax purposes. Also, due to timing of dividends and distributions, the
fiscal year in which amounts are distributed may differ from the fiscal year in
which the income or net realized gain was recorded by the Fund. Accordingly, the
following amounts have been reclassified for September 30, 2004. Net assets of
the Fund were unaffected by the reclassifications.

                                                REDUCTION TO
                        REDUCTION TO            ACCUMULATED NET
INCREASE TO             ACCUMULATED NET         REALIZED GAIN
PAID-IN CAPITAL         INVESTMENT LOSS         ON INVESTMENTS(5)
-----------------------------------------------------------------
$4,405,760              $54,048,790             $58,454,550

5. $2,931,783 was distributed in connection with Fund share redemptions.