OppenheimerFunds, Inc.
Two World Financial Center
225 Liberty Street
New York, New York 10281
May 29, 2009
VIA EDGAR
Securities and Exchange Commission
Mail Stop 0-7, Filer Support
6432 General Green Way
Alexandria, Virginia 22312
Re: Registration Statement on Form N-14 for
Oppenheimer Discovery Fund;
Proxy Materials for Oppenheimer MidCap Fund –
Registration Statement No. 333-158897
To the Securities and Exchange Commission:
Enclosed for filing with the Securities and Exchange Commission ("SEC") under the Securities Act of 1933, as amended (the "1933 Act"), is Pre-effective Amendment No. 2 to the Registration Statement on Form N-14 (the "Registration Statement") of Oppenheimer Discovery Fund (the "Registrant").
On April 29, 2009, we filed the initial N-14 in connection with the merger of Oppenheimer MidCap Fund into Oppenheimer Discovery Fund. On the facing page of that filing, we indicated an effective date of May 29, 2009.On May 5, 2009, we filed a delaying amendment as suggested by the SEC staff (the "Staff") on May 4.
On May 18 we were provided with further comments by the Staff. This filing is made to, as a general matter, complete the Registration Statement in an effort to expedite its effectiveness, including filing a consent of the auditors and an opinion of counsel with respect to the issuance of Discovery Fund shares in connection with the merger, and more particularly to address the comments provided by the Staff on May 18, including, among other things, comments concerning the pro forma financial statements.
We have also included with this filing a request for acceleration of the effective date of the Registration Statement to May 29, 2009, or as soon as possible thereafter. We are scheduled to start mailing the combined prospectus and proxy statement to shareholders of Oppenheimer MidCap Fund on or about June 3, 2009. The shareholder meeting for Oppenheimer MidCap Fund is scheduled for July 10, 2009.
The Staff is requested to address any comments or questions you may have on this filing to:
Taylor V. Edwards
Vice President & Associate Counsel
OppenheimerFunds, Inc.
Two World Financial Center
225 Liberty Street New York, NY 10281
212.323.0310
tedwards@oppenheimerfunds.com
Thank you for your assistance.
Sincerely,
/s/ Taylor V. Edwards
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Taylor V. Edwards
Vice President & Associate Counsel
Tel.: 212.323.0310
Fax: 212.323.4070
cc: Ms. Valerie J. Lithotomos, Esq., Securities and Exchange Commission
Mr. Kevin C. Rupert, Securities and Exchange Commission