Bill Glavin
Chairman, President and OppenheimerFunds Logo
Chief Executive Officer OppenheimerFunds, Inc.
Two World Financial Center
225 Liberty Street
New York, NY 10281-1008
oppenheimerfunds.com
November 28, 2011
Dear Oppenheimer Principal Protected Main Street Fund III® Shareholder:
We are sending this second notice to remind you that the Maturity Date on your investment in Oppenheimer Principal Protected Main Street Fund III is scheduled for December 16, 2011. Shareholders must redeem their shares in the Fund on, and only on, the Maturity Date (December 16, 2011) to ensure that they receive the greater of the then-current net asset value of the Fund or their Warranty Amount. To determine the current net asset value of your shares and the current Fund level Warranty Amounts per share, please call us at 1.800.CALL OPP (225.5677). After the Maturity Date, shares of the Fund will not be protected by the Financial Warranty, will be subject to market fluctuations, and will then be redeemable at the Fund’s then-current net asset value, which may be lower than the Warranty Amount.
Reorganization Proposed
In accordance with the prospectus of Principal Protected Main Street Fund III, if shares of the Fund remain outstanding after the Maturity Date, the Fund’s Board of Trustees has proposed to merge Principal Protected Main Street Fund III into Oppenheimer Main Street Fund. A shareholder meeting has been scheduled for January 13, 2012, and all Principal Protected Main Street Fund III shareholders of record on October 28, 2011 will be asked to vote either in person or by proxy on the proposed reorganization. Even if you elect to redeem your shares on the Warranty Date, you will be asked to vote. You can expect to receive a proxy mailing shortly after December 12, 2011.
If you would like to redeem your shares, you may do so through our website at oppenheimerfunds.com, or by calling us at 1.800.CALL OPP (225.5677). If your account is held through a brokerage firm, you must contact that firm to conduct a transaction. If you have any questions, please call us or contact your financial advisor. As always, we appreciate your confidence in OppenheimerFunds and look forward to serving you for many years to come.
Sincerely,
[Bill Glavin signature]
Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.
Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and, if available, summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting our website at oppenheimerfunds.com or calling us at 1.800.CALL OPP (225.5677). Read prospectuses and, if available, summary prospectuses carefully before investing.
Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.
Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008
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