May 1995



Dear Oppenheimer Limited-Term Government Fund Class A Shareholder:

     We have scheduled a shareholder meeting on June 14, 1995 for you
to decide upon some important proposals for the Fund.  Your ballot card
and a detailed statement of the issues are enclosed with this letter.

     Your vote is very important because these decisions will affect
your investment, and it's your chance to help shape the policies of the
Fund.  So we urge you to consider these issues carefully and to make
your vote count.

How do you vote?

     To vote, simply complete the ballot by marking your choices and
return it in the postage-paid envelope provided.  Remember, it can be
expensive for the Fund -- and ultimately for you as a shareholder -- if
ballots must be remailed because not enough responses are received in
connection with this mailing to conduct the meeting.
     
What are the issues?

     After consideration, the Board of Trustees, which represents your
interests in the day-to-day management of the Fund, recommends approval
of the following items:

- -    Election of Trustees.  There are nine Trustees up for reelection
on June 14.  You will find detailed information on the nominees for
Trustee in the enclosed proxy statement.

- -    Ratification of Auditors.  Each year, outside auditors are
employed to review the Fund's financial statements, as explained in the
proxy statement.

     Please contact your financial advisor or call us at 1-800-525-7048
if you have any questions.

     As always, we appreciate your confidence in OppenheimerFunds and
thank you for allowing us to manage a portion of your investment
assets.

                                    Sincerely,

                                    (JSF signature)


                              May 1995

Dear Oppenheimer Limited-Term Government Fund Class B or C Shareholder:

     We have scheduled a shareholder meeting on June 14, 1995 for you
to decide upon some important proposals for the Fund.  Your ballot card
and a detailed statement of the issues are enclosed with this letter.

     Your vote is very important because these decisions will affect
your investment, and it's your chance to help shape the policies of the
Fund.  So we urge you to consider these issues carefully and to make
your vote count.

How do you vote?

     To vote, simply complete the ballot by marking your choices and
return it in the postage-paid envelope provided.  Remember, it can be
expensive for the Fund -- and ultimately for you as a shareholder -- if
ballots must be remailed because not enough responses are received in
connection with this mailing to conduct the meeting.
     
What are the issues?

     After consideration, the Board of Trustees, which represents your
interests in the day-to-day management of the Fund, recommends approval
of the following items:

- -    Election of Trustees.  There are nine Trustees up for reelection
on June 14.  You will find detailed information on the nominees for
Trustee in the enclosed proxy statement.

- -    Ratification of Auditors.  Each year, outside auditors are
employed to review the Fund's financial statements, as explained in the
proxy statement.

- -    New 12b-1 Plan for Class B and C Shares.  Currently, the Fund's
distributor is reimbursed for a portion of its expenses by
demonstrating actual distribution costs.  Your approval is requested to
change the way the distributor is paid so that it is compensated with a
flat fee (as a percentage of net assets) for its distribution efforts
at the same rate as the current 12b-1 plan.  A compensation plan is a
common type of 12b-1 plan in the mutual fund industry and is not
expected to increase fund expenses materially under normal
circumstances.  Any distribution costs in excess of that rate will be
the responsibility of the Fund's distributor.

     Please contact your financial advisor or call us at 1-800-525-7048
if you have any questions.

     As always, we appreciate your confidence in OppenheimerFunds and
thank you for allowing us to manage a portion of your investment
assets.

                                    Sincerely,
                                    (JSF signature)