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OppenheimerFunds No Longer Offers Class B Shares

Effective June 30, 2012, OppenheimerFunds no longer offers Class B shares, including automatic purchases for Asset Builder and retirement account purchases.

Additional investments can no longer be made into Class B shares. Any additional investments received for existing Class B share accounts will now be made in Class A shares of Oppenheimer Money Market Fund. For existing B share account holders continuing to make automatic purchases into Class B share accounts, please contact us if you would like to designate an alternative share class for subsequent purchases. New instructions will apply to future contributions only.

Additionally, account applications requesting to set up new Class B share accounts in any Oppenheimer fund will be returned.

Class B share holdings will continue to mature and convert to Class A shares according to their established conversion schedule (see fund prospectus for conversion information). After June 29, 2012, and until current Class B shares convert to Class A shares, all dividends and capital gains distributions of Class B shares will continue to be reinvested in Class B shares. Class B share exchanges into and from other Oppenheimer funds will be permitted until shares convert to Class A shares.

An investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in them.         

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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 summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and 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