June 1995




Dear Oppenheimer Strategic Short-Term Income Fund Shareholder:

     I am writing to you today to let you know about a positive change
that has been proposed for Oppenheimer Strategic Short-Term Income
Fund.  After careful consideration, the Board of Trustees agreed that
it would be in the best interests of shareholders of Strategic Short-
Term Income Fund to merge into another Oppenheimer fund, Oppenheimer
Limited-Term Government Fund.

Why does the Board of Trustees recommend this change?

     Although both funds share similar investment objectives --
Strategic Short-Term Income Fund and Limited-Term Government Fund both
seek high current income with stability of principal by maintaining a
relatively short-term portfolio maturity -- the Investment Adviser
believes that Limited-Term Government Fund's management approach can
offer shareholders even better investment opportunities over the long
term.

     Oppenheimer Limited-Term Government Fund's investment strategy has
been proven successful in achieving high income for shareholders while
helping protect the share value from significant price fluctuations due
to changes in interest rates.  For example, in last year's challenging
bond market, Limited-Term Government Fund delivered an attractive,
dependable level of income and a positive return.  As a result of the
Fund's outstanding portfolio management, the Fund's Class A shares were
ranked 4 stars (above average) among 715 taxable bond funds for the
combined 3- and 5-year periods ended 5/31/95 by Morningstar, Inc., an
independent mutual fund monitoring service.1

     In addition, by merging your Fund into a larger fund, you may
benefit from a lower expense ratio, as costs are spread among a larger
number of shareholders.  Shareholders should also benefit from the
larger asset size of Limited-Term Government Fund because the managers
can generally invest larger amounts of money more efficiently, thereby
lowering the cost to the Fund.

     If you have any questions about the proposal, please feel free to
contact your financial adviser, or call us at 1-800-525-7048.
     
     As always, we appreciate your confidence in OppenheimerFunds and
look forward to serving you for many years to come.

                                    Sincerely,

                                    [JSF signature]



1. Morningstar, Inc., an independent mutual fund monitoring service
produces proprietary monthly rankings of mutual funds within broad
categories (equity, taxable bond, tax-exempt bond, and hybrid) based on
risk-adjusted investment return, after considering sales charges and
expenses.  Investment return measures a fund's (or class's) current 3-,
5-, and 10-year (depending on inception) average annual returns in
excess of 90-day U.S. Treasury bill returns.  Risk measures a fund's
performance relative to the average fund in a fund's category.  Five
stars is the "highest" ranking (top 10%), 4 stars is above average
(next 22.5%), and 1 star is "lowest" (bottom 10%).  The current 4-star
ranking is a weighted average of the Fund's 3- and 5-year star
rankings, which were both 4 stars.  The Fund's Class A, B and C shares
have the same portfolio.  Rankings are subject to change.  Past
performance does not guarantee future results.  The Fund's current
focus on limited-duration investments was implemented in May, 1994.


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