(logo)OPPENHEIMERFUNDS
Patricia C. Foster                           OppenheimerFunds, Inc.
Vice President                               Two World Trade Center, 34th Floor
and Assistant Counsel                        New York, NY 10048-0203
                                             212 323-2000  Fax 212 323-0558




                                             January 31, 1997



Securities and Exchange Commission
Mail Stop 0-7, Filer Support
6432 General Green Way
Alexandria, VA 22312

           RE:    Oppenheimer International Bond Fund  ("Registrant")
                  Reg No. 33-58383
                  File No. 811-07255

To the Securities and Exchange Commission:

         An  electronic  filing  is  hereby  made on  behalf  of the  Registrant
pursuant to Rule 497(e) of the Securities  Act of 1933, as amended.  Such filing
includes a  supplement  dated  February 1, 1997 to the  Registrant's  Prospectus
dated February 1, 1997.

         If there are any questions, please contact the undersigned.

                                             Sincerely,


                                             /s/ Patricia C. Foster
                                             --------------------------
                                             Patricia C. Foster
                                             Vice President
                                             and Assistant  Counsel
                                             (800) 552-1149

cc:      Deloitte & Touche LLP
         Myer, Swanson, Adams & Wolf P.C.
         Gloria LaFond
         Grace Loffredo







                       OPPENHEIMER INTERNATIONAL BOND FUND
                    Supplement dated February 1, 1997 to the
                        Prospectus dated February 1, 1997

The Prospectus is changed as follows:

         In addition to paying  dealers the regular  commission for (1) sales of
Class A shares  stated in the sales charge  table in "Buying  Class A Shares" on
page 30,  (2)  sales of Class B shares  described  in the  fourth  paragraph  in
"Distribution  and Service Plans for Class B and Class C Shares" on page 37, and
(3) sales of Class C shares  described in the fifth  paragraph in  "Distribution
and  Service  Plans for Class B and Class C Shares" on page 37, the  Distributor
will pay additional  commission to each broker, dealer and financial institution
that has a sales  agreement  with the  Distributor  and  agrees to  accept  that
additional commission (these are referred to as "participating firms") for Class
A, Class B and Class C shares of the Fund sold in "qualifying transactions" (the
"promotion").  The additional  commission will be 1.00% of the offering price of
shares of the Fund sold by a registered  representative or sales  representative
of a participating  firm during the promotion.  If the additional  commission is
paid on the sale of Class A shares  of  $500,000  or more or the sale of Class A
shares to a SEP IRA with 100 or more eligible  participants and those shares are
redeemed  within  13  months  from  the end of the  month  in  which  they  were
purchased,  the  participating  firm will be required  to return the  additional
commission.

         "Qualifying  transactions"  are aggregate  sales of $150,000 or more of
Class A,  Class B and/or  Class C shares  of any one or more of the  Oppenheimer
funds  (except  money market funds and  municipal  bond funds) for  rollovers or
trustee-to-trustee transfers from another retirement plan trustee, of IRA assets
or other employee  benefit plan assets from an account or investment  other than
an account or investment in the  Oppenheimer  funds to (1) IRAs,  rollover IRAs,
SEP IRAs and  SAR-SEP  IRAs,  using the  OppenheimerFunds,  Inc.  prototype  IRA
agreement,  if the  rollover  contribution  is  received  during the period from
January  1,  1997  through  April  15,  1997 (the  "promotion  period"),  or the
acceptance of a direct rollover or  trustee-to-trustee  transfer is acknowledged
by the  trustee of the  OppenheimerFunds  prototype  IRA  during  the  promotion
period,  and (2) IRAs,  rollover  IRAs, SEP IRAs and SAR-SEP IRAs using the A.G.
Edwards & Sons, Inc.  prototype IRA agreement,  if the rollover  contribution or
trustee-to-trustee  payment is received during the promotion period. "Qualifying
transactions"  do not include (1)  purchases of Class A shares  intended but not
yet made under a Letter of Intent,  and (2) purchases of Class A, Class B and/or
Class C shares with the redemption  proceeds from an existing  Oppenheimer funds
account.



February 1, 1997                                                     PS0880.009