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DOMESTIC EQUITY

Main Street Select Fund®1 2 

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Focus: The Strategy typically invests in a concentrated mix of larger U.S. company stocks.
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Management

Manind Govil, CFA
Senior Vice President and Portfolio Manager
Managed fund since 5/09
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Strategy

The portfolio managers combine fundamental and quantitative research to identify competitively advantaged companies with strong value creation potential and a compelling risk/reward profile.
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Commentary

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Effective 11/1/10, the number of issuers held by the Fund was reduced to 35 or fewer names, potentially increasing Fund volatility.
Special Risks:  Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. The Fund may invest a significant portion of assets in a particular industry or sector which may increase volatility and exposure to risks associated with that particular industry or sector. 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. 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.
225 Liberty Street, New York, NY 10281-1008