OPPENHEIMER INTERNATIONAL BOND FUND
Supplement dated September 1, 1995, to the
Prospectus dated June 5, 1995

The Prospectus is changed as follows:

The following text is added to the paragraph immediately following the
Class A sales charge table on page 24 of the Prospectus:

          In addition to paying dealers the regular commission for
     sales of Class A shares stated in the sales charge table in
     "Class A Shares," and the commissions for  Class B shares
     described in the third paragraph in "Distribution and Service
     Plan for Class B Shares" on page 28 of this Prospectus, the
     Distributor will pay additional commission to each participating
     broker, dealer and financial institution that has a sales
     agreement with the Distributor (these are referred to as
     "participating firms") for shares of the Fund sold in
     "qualifying transactions" from September 1, 1995, through 
     November 30, 1995 (that period is referred to as the
     "promotion"). The additional commission will be 1.00% of the
     offering price of Class A shares and 0.75% of the offering price
     of Class B shares of the Fund sold by a registered
     representative or sales representative of a participating firm.
          "Qualifying transactions" are sales by a registered
     representative or sales representative in the amount of $100,000
     or more (calculated at offering price) of Class A and/or Class
     B shares (if offered) of any one or more of the following funds:
     the Fund, Oppenheimer Global Fund, Oppenheimer Global Growth &
     Income Fund, Oppenheimer Global Emerging Growth Fund,
     Oppenheimer Growth Fund, Oppenheimer Main Street Income & Growth
     Fund, Oppenheimer Limited-Term Government Fund, and Oppenheimer
     Strategic Income Fund. The amount of additional commissions paid
     on sales of shares of some of the other Oppenheimer funds listed
     is different than the additional commissions paid for sales of
     shares of the Fund.  "Qualifying transactions" do not include
     sales of Class A shares (a) at net asset value without sales
     charge, or (b) subject to a contingent deferred sales charge,
     or (c) intended but not yet transacted under a Letter of Intent.
     However,  if Class A shares of the Fund or any of the other
     Oppenheimer funds listed above are purchased at net assetvalue without
     sales charge during the promotion with the proceeds of shares redeemed
     within the prior 12 months from another mutual fund (other than a fund
     managed by Oppenheimer Management Corporation or one of its subsidiaries)
     on which an initial sales charge or contingent sales charge was paid, the
     amount of the purchase will count toward the $100,000 qualifying amount
     described above (but not for the payment of additional commission).

September 1, 1995