WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 6 <CIK> 748009 <NAME> OPPENHEIMER NEW YORK MUNICIPAL FUND - B <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> SEP-30-1997 <INVESTMENTS-AT-COST> 698,803,391 <INVESTMENTS-AT-VALUE> 736,238,715 <RECEIVABLES> 12,685,315 <ASSETS-OTHER> 11,534 <OTHER-ITEMS-ASSETS> 495,755 <TOTAL-ASSETS> 749,431,319 <PAYABLE-FOR-SECURITIES> 0 <SENIOR-LONG-TERM-DEBT> 0 <OTHER-ITEMS-LIABILITIES> 3,434,339 <TOTAL-LIABILITIES> 3,434,339 <SENIOR-EQUITY> 0 <PAID-IN-CAPITAL-COMMON> 715,174,579 <SHARES-COMMON-STOCK> 8,320,680 <SHARES-COMMON-PRIOR> 8,160,381 <ACCUMULATED-NII-CURRENT> 1,395,429 <OVERDISTRIBUTION-NII> 0 <ACCUMULATED-NET-GAINS> (8,008,353) <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> 37,435,325 <NET-ASSETS> 106,458,543 <DIVIDEND-INCOME> 0 <INTEREST-INCOME> 48,247,943 <OTHER-INCOME> 0 <EXPENSES-NET> 7,377,185 <NET-INVESTMENT-INCOME> 40,870,758 <REALIZED-GAINS-CURRENT> (3,110,188) <APPREC-INCREASE-CURRENT> 25,374,028 <NET-CHANGE-FROM-OPS> 63,134,598 <EQUALIZATION> 0 <DISTRIBUTIONS-OF-INCOME> 4,855,021 <DISTRIBUTIONS-OF-GAINS> 0 <DISTRIBUTIONS-OTHER> 0 <NUMBER-OF-SHARES-SOLD> 1,229,476 <NUMBER-OF-SHARES-REDEEMED> 1,320,301 <SHARES-REINVESTED> 251,124 <NET-CHANGE-IN-ASSETS> (24,568,951) <ACCUMULATED-NII-PRIOR> 620,943 <ACCUMULATED-GAINS-PRIOR> (5,355,011) <OVERDISTRIB-NII-PRIOR> 0 <OVERDIST-NET-GAINS-PRIOR> 0 <GROSS-ADVISORY-FEES> 3,912,050 <INTEREST-EXPENSE> 0 <GROSS-EXPENSE> 7,377,185 <AVERAGE-NET-ASSETS> 104,182,288 <PER-SHARE-NAV-BEGIN> 12.41 <PER-SHARE-NII> 0.59 <PER-SHARE-GAIN-APPREC> 0.38 <PER-SHARE-DIVIDEND> 0.59 <PER-SHARE-DISTRIBUTIONS> 0.00 <RETURNS-OF-CAPITAL> 0.00 <PER-SHARE-NAV-END> 12.79 <EXPENSE-RATIO> 1.63 <AVG-DEBT-OUTSTANDING> 0 <AVG-DEBT-PER-SHARE> 0.00