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Oppenheimer Short Duration Fund is Changing its Name to Oppenheimer Ultra-Short Duration Fund

We are pleased to announce that effective on or around November 27, 2013, Oppenheimer Short Duration Fund will change its name to Oppenheimer Ultra-Short Duration Fund.  The name change will more accurately reflect the Fund’s current investment strategy and investment objective.  The name change will not result in a change of the Fund’s investment objective, strategy, or mandate.  Chris Proctor, CFA, head of the Cash Strategies team, and Adam Wilde, CFA, will continue to be the Fund’s portfolio managers.


Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. The Fund is also subject to liquidity risk.   Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks.  Derivative instruments whose values depend on the performance of an underlying security, asset, interest rate, index or currency, entail potentially higher volatility and risk of loss compared to traditional stock or bond investments. Asset-backed securities are subject to prepayment risk.   The Fund may invest 25% or more of its assets in securities issued by companies in the financial services sector which may be susceptible to economic and regulatory events, and increased volatility.  Diversification does not guarantee profit or protect against loss.




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