UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM N-PX

         ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
                               INVESTMENT COMPANY



Investment Company Act file number:                  811-10589

Exact name of registrant as specified in charter:    Oppenheimer Real Estate
                                                     Fund

Address of principal executive offices:              6803 South Tucson Way
                                                     Centennial, CO 80112-3924

Name and address of agent for service:               Robert G. Zack,
                                                     Executive Vice President &
                                                     General Counsel
                                                     OppenheimerFunds, Inc.
                                                     Two World Financial Center
                                                     225 Liberty Street
                                                     New York, NY 10281-1008

Registrant's telephone number, including area code:  303-768-3200

Date of fiscal year end:                             04/30

Date of reporting period:                            07/01/2009-06/30/2010

Item 1. Proxy Voting Record


========================== OPPENHEIMER REAL ESTATE FUND ========================

Alexandria Real Estate Equities, Inc.

Ticker:       ARE            Security ID:  015271109
Meeting Date: MAY 27, 2010   Meeting Type: Annual
Record Date:  MAR 31, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Joel S. Marcus             For       For        Management
1.2   Elect Director Richard B. Jennings        For       For        Management
1.3   Elect Director John L. Atkins, III        For       For        Management
1.4   Elect Director Richard H. Klein           For       For        Management
1.5   Elect Director James H. Richardson        For       For        Management
1.6   Elect Director Martin A. Simonetti        For       For        Management
1.7   Elect Director Alan G. Walton             For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

AMB Property Corporation

Ticker:       AMB            Security ID:  00163T109
Meeting Date: MAY 6, 2010    Meeting Type: Annual
Record Date:  MAR 3, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director T. Robert Burke            For       For        Management
2     Elect Director David A. Cole              For       For        Management
3     Elect Director Lydia H. Kennard           For       For        Management
4     Elect Director J. Michael Losh            For       For        Management
5     Elect Director Hamid R. Moghadam          For       For        Management
6     Elect Director Frederick W. Reid          For       For        Management
7     Elect Director Jeffrey L. Skelton         For       For        Management
8     Elect Director Thomas W. Tusher           For       For        Management
9     Elect Director Carl B. Webb               For       For        Management
10    Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

American Campus Communities, Inc.

Ticker:       ACC            Security ID:  024835100
Meeting Date: MAY 6, 2010    Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William C. Bayless, Jr.    For       For        Management
1.2   Elect Director R.D. Burck                 For       For        Management
1.3   Elect Director G. Steven Dawson           For       For        Management
1.4   Elect Director Cydney C. Donnell          For       For        Management
1.5   Elect Director Edward Lowenthal           For       For        Management
1.6   Elect Director Joseph M. Macchione        For       For        Management
1.7   Elect Director Winston W. Walker          For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Apartment Investment and Management Company

Ticker:       AIV            Security ID:  03748R101
Meeting Date: APR 26, 2010   Meeting Type: Annual
Record Date:  FEB 26, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director James N. Bailey            For       For        Management
2     Elect Director Terry Considine            For       For        Management
3     Elect Director Richard S. Ellwood         For       For        Management
4     Elect Director Thomas L. Keltner          For       For        Management
5     Elect Director J. Landis Martin           For       For        Management
6     Elect Director Robert A. Miller           For       For        Management
7     Elect Director Kathleen M. Nelson         For       For        Management
8     Elect Director Michael A. Stein           For       For        Management
9     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

AvalonBay Communities, Inc.

Ticker:       AVB            Security ID:  053484101
Meeting Date: MAY 19, 2010   Meeting Type: Annual
Record Date:  MAR 5, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Bryce Blair                For       For        Management
1.2   Elect Director Bruce A. Choate            For       For        Management
1.3   Elect Director John J. Healy, Jr.         For       For        Management
1.4   Elect Director Timothy J. Naughton        For       For        Management
1.5   Elect Director Lance R. Primis            For       For        Management
1.6   Elect Director Peter S. Rummell           For       For        Management
1.7   Elect Director H. Jay Sarles              For       For        Management
1.8   Elect Director W. Edward Walter           For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

BioMed Realty Trust, Inc.

Ticker:       BMR            Security ID:  09063H107
Meeting Date: MAY 26, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Alan D. Gold               For       For        Management
1.2   Elect Director Barbara R. Cambon          For       For        Management
1.3   Elect Director Edward A. Dennis           For       For        Management
1.4   Elect Director Richard I. Gilchrist       For       For        Management
1.5   Elect Director Gary A. Kreitzer           For       Withhold   Management
1.6   Elect Director Theodore D. Roth           For       For        Management
1.7   Elect Director M. Faye Wilson             For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Boston Properties, Inc.

Ticker:       BXP            Security ID:  101121101
Meeting Date: MAY 18, 2010   Meeting Type: Annual
Record Date:  MAR 24, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Mortimer B. Zuckerman      For       For        Management
1.2   Elect Director Carol B. Einiger           For       For        Management
1.3   Elect Director Jacob A. Frenkel           For       For        Management
2     Declassify the Board of Directors and     For       For        Management
      Eliminate Plurality Voting Standard For
      Election of Directors
3     Ratify Auditors                           For       For        Management
4     Prepare a Sustainability Report           Against   For        Shareholder
5     Require Independent Board Chairman        Against   For        Shareholder


--------------------------------------------------------------------------------

Brandywine Realty Trust

Ticker:       BDN            Security ID:  105368203
Meeting Date: JUN 2, 2010    Meeting Type: Annual
Record Date:  APR 5, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Walter D'Alessio           For       For        Management
1.2   Elect Director Anthony A. Nichols, Sr.    For       For        Management
1.3   Elect Director Gerard H. Sweeney          For       For        Management
1.4   Elect Director D. Pike Aloian             For       For        Management
1.5   Elect Director Wyche Fowler               For       For        Management
1.6   Elect Director Michael J. Joyce           For       For        Management
1.7   Elect Director Charles P. Pizzi           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


--------------------------------------------------------------------------------

Camden Property Trust

Ticker:       CPT            Security ID:  133131102
Meeting Date: MAY 3, 2010    Meeting Type: Annual
Record Date:  MAR 12, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard J. Campo           For       For        Management
1.2   Elect Director William R. Cooper          For       For        Management
1.3   Elect Director Scott S. Ingraham          For       For        Management
1.4   Elect Director Lewis A. Levey             For       For        Management
1.5   Elect Director William B. Mcguire, Jr.    For       For        Management
1.6   Elect Director William F. Paulsen         For       For        Management
1.7   Elect Director D. Keith Oden              For       For        Management
1.8   Elect Director F. Gardner Parker          For       Withhold   Management
1.9   Elect Director Steven A. Webster          For       Withhold   Management
1.10  Elect Director Kelvin R. Westbrook        For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

CBL & Associates Properties, Inc.

Ticker:       CBL            Security ID:  124830100
Meeting Date: OCT 7, 2009    Meeting Type: Special
Record Date:  AUG 10, 2009

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Increase Authorized Common Stock          For       For        Management


--------------------------------------------------------------------------------

Cedar Shopping Centers, Inc.

Ticker:       CDR            Security ID:  150602209
Meeting Date: JUN 15, 2010   Meeting Type: Annual
Record Date:  APR 23, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director James J. Burns             For       Against    Management
2     Elect Director Raghunath Davloor          For       For        Management
3     Elect Director Richard Homburg            For       For        Management
4     Elect Director Pamela N. Hootkin          For       For        Management
5     Elect Director Everett B. Miller, III     For       Against    Management
6     Elect Director Leo S. Ullman              For       For        Management
7     Elect Director Roger M. Widmann           For       Against    Management
8     Authorize Futures Sales of Common Stock   For       For        Management
9     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Colonial Properties Trust

Ticker:       CLP            Security ID:  195872106
Meeting Date: APR 28, 2010   Meeting Type: Annual
Record Date:  FEB 19, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Carl F. Bailey             For       For        Management
1.2   Elect Director M. Miller Gorrie           For       For        Management
1.3   Elect Director William M. Johnson         For       For        Management
1.4   Elect Director Glade M. Knight            For       For        Management
1.5   Elect Director James K. Lowder            For       For        Management
1.6   Elect Director Thomas H. Lowder           For       For        Management
1.7   Elect Director Herbert A. Meisler         For       For        Management
1.8   Elect Director Claude B. Neilsen          For       For        Management
1.9   Elect Director Harold W. Ripps            For       For        Management
1.10  Elect Director John W. Spiegel            For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Corporate Office Properties Trust

Ticker:       OFC            Security ID:  22002T108
Meeting Date: MAY 13, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jay H. Shidler             For       For        Management
1.2   Elect Director Clay W. Hamlin, III        For       For        Management
1.3   Elect Director Thomas F. Brady            For       For        Management
1.4   Elect Director Robert L. Denton           For       For        Management
1.5   Elect Director Douglas M. Firstenberg     For       For        Management
1.6   Elect Director Randall M. Griffin         For       For        Management
1.7   Elect Director David M. Jacobstein        For       For        Management
1.8   Elect Director Steven D. Kesler           For       For        Management
1.9   Elect Director Kenneth S. Sweet, Jr.      For       For        Management
1.10  Elect Director Richard Szafranski         For       For        Management
1.11  Elect Director Kenneth D. Wethe           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Developers Diversified Realty Corporation

Ticker:       DDR            Security ID:  251591103
Meeting Date: MAY 11, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Terrance R. Ahern          For       For        Management
2     Elect Director James C. Boland            For       For        Management
3     Elect Director Thomas Finne               For       For        Management
4     Elect Director Robert H. Gidel            For       For        Management
5     Elect Director Daniel B. Hurwitz          For       For        Management
6     Elect Director Volker Kraft               For       For        Management
7     Elect Director Victor B. MacFarlane       For       For        Management
8     Elect Director Craig Macnab               For       For        Management
9     Elect Director Scott D. Roulston          For       For        Management
10    Elect Director Barry A. Sholem            For       For        Management
11    Elect Director William B. Summers, Jr.    For       For        Management
12    Elect Director Scott A. Wolstein          For       For        Management
13    Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Digital Realty Trust Inc.

Ticker:       DLR            Security ID:  253868103
Meeting Date: APR 27, 2010   Meeting Type: Annual
Record Date:  MAR 8, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard A. Magnuson        For       For        Management
1.2   Elect Director Michael F. Foust           For       For        Management
1.3   Elect Director Laurence A. Chapman        For       For        Management
1.4   Elect Director Kathleen Earley            For       For        Management
1.5   Elect Director Ruann F. Ernst, Ph.D.      For       For        Management
1.6   Elect Director Dennis E. Singleton        For       For        Management
1.7   Elect Director Robert H. Zerbst           For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Douglas Emmett, Inc.

Ticker:       DEI            Security ID:  25960P109
Meeting Date: MAY 27, 2010   Meeting Type: Annual
Record Date:  APR 1, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Dan A. Emmett              For       For        Management
1.2   Elect Director Jordan L. Kaplan           For       For        Management
1.3   Elect Director Kenneth M. Panzer          For       For        Management
1.4   Elect Director Leslie E. Bider            For       For        Management
1.5   Elect Director Ghebre Selassie Mehreteab  For       For        Management
1.6   Elect Director Thomas E. O'Hern           For       For        Management
1.7   Elect Director Andrea Rich                For       For        Management
1.8   Elect Director William Wilson III         For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Duke Realty Corporation

Ticker:       DRE            Security ID:  264411505
Meeting Date: APR 28, 2010   Meeting Type: Annual
Record Date:  MAR 1, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Thomas J. Baltimore, Jr    For       For        Management
2     Elect Director Barrington H. Branch       For       For        Management
3     Elect Director Geoffrey A. Button         For       For        Management
4     Elect Director William Cavanaugh III      For       For        Management
5     Elect Director Ngaire E. Cuneo            For       For        Management
6     Elect Director Charles R. Eitel           For       For        Management
7     Elect Director Martin C. Jischke, PhD     For       For        Management
8     Elect Director Dennis D. Oklak            For       For        Management
9     Elect Director Jack R. Shaw               For       For        Management
10    Elect Director Lynn C. Thurber            For       For        Management
11    Elect Director Robert J. Woodward, Jr     For       For        Management
12    Ratify Auditors                           For       For        Management
13    Approve Stock Option Exchange Program     For       For        Management


--------------------------------------------------------------------------------

Duke Realty Corporation

Ticker:       DRE            Security ID:  264411505
Meeting Date: JUL 22, 2009   Meeting Type: Special
Record Date:  MAY 29, 2009

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Increase Authorized Common Stock          For       For        Management
2     Increase Authorized Preferred Stock       For       For        Management


--------------------------------------------------------------------------------

EastGroup Properties, Inc.

Ticker:       EGP            Security ID:  277276101
Meeting Date: MAY 26, 2010   Meeting Type: Annual
Record Date:  APR 14, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director D. Pike Aloian             For       For        Management
1.2   Elect Director H.C. Bailey, Jr.           For       For        Management
1.3   Elect Director Hayden C. Eaves, III       For       For        Management
1.4   Elect Director Fredric H. Gould           For       For        Management
1.5   Elect Director  David H. Hoster II        For       For        Management
1.6   Elect Director Mary E. McCormick          For       For        Management
1.7   Elect Director David M. Osnos             For       For        Management
1.8   Elect Director Leland R. Speed            For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Equity Residential

Ticker:       EQR            Security ID:  29476L107
Meeting Date: JUN 16, 2010   Meeting Type: Annual
Record Date:  MAR 31, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Trustee John W. Alexander           For       For        Management
1.2   Elect Trustee Charles L. Atwood           For       For        Management
1.3   Elect Trustee Linda Walker Bynoe          For       For        Management
1.4   Elect Trustee Boone A. Knox               For       For        Management
1.5   Elect Trustee John E. Neal                For       For        Management
1.6   Elect Trustee David J. Neithercut         For       For        Management
1.7   Elect Trustee Mark S. Shapiro             For       For        Management
1.8   Elect Trustee Gerald A. Spector           For       For        Management
1.9   Elect Trustee B. Joseph White             For       For        Management
1.10  Elect Trustee Samuel Zell                 For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require a Majority Vote for the Election  Against   For        Shareholder
      of Trustees


--------------------------------------------------------------------------------

Essex Property Trust, Inc.

Ticker:       ESS            Security ID:  297178105
Meeting Date: MAY 18, 2010   Meeting Type: Annual
Record Date:  FEB 26, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Keith R. Guericke          For       For        Management
1.2   Elect Director Issie N. Rabinovitch       For       For        Management
1.3   Elect Director Thomas E. Randlett         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

Federal Realty Investment Trust

Ticker:       FRT            Security ID:  313747206
Meeting Date: MAY 4, 2010    Meeting Type: Annual
Record Date:  MAR 17, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jon E. Bortz               For       For        Management
1.2   Elect Director David W. Faeder            For       For        Management
1.3   Elect Director Kristin Gamble             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Prepare Sustainability Report             Against   For        Shareholder


--------------------------------------------------------------------------------

Glimcher Realty Trust

Ticker:       GRT            Security ID:  379302102
Meeting Date: JUN 4, 2010    Meeting Type: Annual
Record Date:  MAR 12, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Timothy J. O'Brien         For       For        Management
1.2   Elect Director Niles C. Overly            For       For        Management
1.3   Elect Director William S. Williams        For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Glimcher Realty Trust

Ticker:       GRT            Security ID:  379302102
Meeting Date: JUN 29, 2010   Meeting Type: Special
Record Date:  MAY 7, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Increase Authorized Preferred and Common  For       For        Management
      Stock


--------------------------------------------------------------------------------

Government Properties Income Trust

Ticker:       GOV            Security ID:  38376A103
Meeting Date: MAY 11, 2010   Meeting Type: Annual
Record Date:  FEB 21, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Trustee John L. Harrington          For       For        Management
2     Elect Trustee Adam D. Portnoy             For       For        Management
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

HCP, Inc.

Ticker:       HCP            Security ID:  40414L109
Meeting Date: APR 22, 2010   Meeting Type: Annual
Record Date:  MAR 2, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James F. Flaherty III      For       For        Management
1.2   Elect Director Christine N. Garvey        For       For        Management
1.3   Elect Director David B. Henry             For       For        Management
1.4   Elect Director Lauralee E. Martin         For       For        Management
1.5   Elect Director Michael D. Mckee           For       For        Management
1.6   Elect Director Harold M. Messmer, Jr.     For       For        Management
1.7   Elect Director Peter L. Rhein             For       For        Management
1.8   Elect Director Kenneth B. Roath           For       For        Management
1.9   Elect Director Richard M. Rosenberg       For       For        Management
1.10  Elect Director Joseph P. Sullivan         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require a Majority Vote for the Election  Against   For        Shareholder
      of Directors


--------------------------------------------------------------------------------

Health Care REIT, Inc.

Ticker:       HCN            Security ID:  42217K106
Meeting Date: MAY 6, 2010    Meeting Type: Annual
Record Date:  MAR 11, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Thomas J. DeRosa           For       For        Management
1.2   Elect Director Jeffrey H. Donahue         For       For        Management
1.3   Elect Director Fred S. Klipsch            For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Highwoods Properties, Inc.

Ticker:       HIW            Security ID:  431284108
Meeting Date: MAY 13, 2010   Meeting Type: Annual
Record Date:  MAR 2, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Gene H. Anderson           For       For        Management
1.2   Elect Director Edward J. Fritsch          For       For        Management
1.3   Elect Director David J. Hartzell          For       For        Management
1.4   Elect Director Lawrence S. Kaplan         For       For        Management
1.5   Elect Director Sherry A. Kellett          For       For        Management
1.6   Elect Director L. Glenn Orr, Jr.          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan


--------------------------------------------------------------------------------

Hospitality Properties Trust

Ticker:       HPT            Security ID:  44106M102
Meeting Date: APR 15, 2010   Meeting Type: Annual
Record Date:  FEB 21, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Trustee William A. Lamkin           For       Against    Management
2     Adopt Majority Voting for Uncontested     For       Against    Management
      Election of Trustees
3     Amend the Declaration of Trust            For       Against    Management
4     Ratify Auditors                           For       For        Management
5     Declassify the Board of Trustees          Against   For        Shareholder
6     Reduce Supermajority Vote Requirement     Against   For        Shareholder


--------------------------------------------------------------------------------

Host Hotels & Resorts, Inc.

Ticker:       HST            Security ID:  44107P104
Meeting Date: MAY 6, 2010    Meeting Type: Annual
Record Date:  MAR 9, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Roberts M. Baylis          For       For        Management
1.2   Elect Director Willard W. Brittain, Jr.   For       For        Management
3     Elect Director Terence C. Golden          For       For        Management
4     Elect Director Ann McLaughlin Korologos   For       For        Management
5     Elect Director Richard E. Marriott        For       For        Management
6     Elect Director John B. Morse, Jr.         For       For        Management
7     Elect Director Gordon H. Smith            For       For        Management
8     Elect Director W. Edward Walter           For       For        Management
9     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

HRPT Properties Trust

Ticker:       HRP            Security ID:  40426W101
Meeting Date: MAY 13, 2010   Meeting Type: Annual
Record Date:  FEB 21, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Independent Trustee Patrick F.      For       For        Management
      Donelan
2     Adopt Majority Voting for Uncontested     For       Against    Management
      Election of Trustees
3     Amend Declaration of Trust                For       Against    Management
4     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Kilroy Realty Corporation

Ticker:       KRC            Security ID:  49427F108
Meeting Date: MAY 20, 2010   Meeting Type: Annual
Record Date:  MAR 19, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John B. Kilroy, Sr.        For       For        Management
1.2   Elect Director John B. Kilroy, Jr.        For       For        Management
1.3   Elect Director Edward F. Brennan          For       For        Management
1.4   Elect Director William P. Dickey          For       For        Management
1.5   Elect Director Scott S. Ingraham          For       For        Management
1.6   Elect Director Dale F. Kinsella           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management


--------------------------------------------------------------------------------

Kimco Realty Corporation

Ticker:       KIM            Security ID:  49446R109
Meeting Date: MAY 5, 2010    Meeting Type: Annual
Record Date:  MAR 11, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Milton Cooper              For       For        Management
1.2   Elect Director Philip E. Coviello         For       For        Management
1.3   Elect Director Richard G. Dooley          For       For        Management
1.4   Elect Director Joe Grills                 For       For        Management
1.5   Elect Director David B. Henry             For       For        Management
1.6   Elect Director F. Patrick Hughes          For       For        Management
1.7   Elect Director Frank Lourenso             For       For        Management
1.8   Elect Director Richard Saltzman           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

LaSalle Hotel Properties

Ticker:       LHO            Security ID:  517942108
Meeting Date: APR 22, 2010   Meeting Type: Annual
Record Date:  FEB 9, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Director Donald S. Perkins                For       For        Management
1.2   Director Stuart L. Scott                  For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Liberty Property Trust

Ticker:       LRY            Security ID:  531172104
Meeting Date: MAY 20, 2010   Meeting Type: Annual
Record Date:  MAR 19, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Trustee J. Anthony Hayden           For       For        Management
1.2   Elect Trustee M. Leanne Lachman           For       For        Management
1.3   Elect Trustee Stephen D. Steinour         For       For        Management
2     Declassify the Board of Trustees          For       For        Management
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Mack-Cali Realty Corporation

Ticker:       CLI            Security ID:  554489104
Meeting Date: MAY 25, 2010   Meeting Type: Annual
Record Date:  APR 8, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Alan S. Bernikow           For       For        Management
1.2   Elect Director Kenneth M. Duberstein      For       For        Management
1.3   Elect Director Vincent Tese               For       For        Management
1.4   Elect Director Roy J. Zuckerberg          For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Nationwide Health Properties, Inc.

Ticker:       NHP            Security ID:  638620104
Meeting Date: MAY 4, 2010    Meeting Type: Annual
Record Date:  MAR 17, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director David R. Banks             For       For        Management
1.2   Elect Director Douglas M. Pasquale        For       For        Management
1.3   Elect Director Robert D. Paulson          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


--------------------------------------------------------------------------------

Plum Creek Timber Company, Inc.

Ticker:       PCL            Security ID:  729251108
Meeting Date: MAY 4, 2010    Meeting Type: Annual
Record Date:  MAR 10, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Rick R. Holley             For       For        Management
1.2   Elect Director Robin Josephs              For       For        Management
1.3   Elect Director John G. McDonald           For       For        Management
1.4   Elect Director  Robert B. McLeod          For       For        Management
1.5   Elect Director John F. Morgan, Sr.        For       For        Management
1.6   Elect Director Marc F. Racicot            For       For        Management
1.7   Elect Director John H. Scully             For       For        Management
1.8   Elect Director  Stephen C. Tobias         For       For        Management
1.9   Elect Director Martin A. White            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Vote Requirements to Amend          Against   Against    Shareholder
      Articles/Bylaws/Charter


--------------------------------------------------------------------------------

ProLogis

Ticker:       PLD            Security ID:  743410102
Meeting Date: MAY 14, 2010   Meeting Type: Annual
Record Date:  MAR 16, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Stephen L. Feinberg        For       For        Management
1.2   Elect Director George L. Fotiades         For       For        Management
1.3   Elect Director Christine N. Garvey        For       For        Management
1.4   Elect Director Lawrence V. Jackson        For       For        Management
1.5   Elect Director Donald P. Jacobs           For       For        Management
1.6   Elect Director Irving F. Lyons, III       For       For        Management
1.7   Elect Director Walter C. Rakowich         For       For        Management
1.8   Elect Director D. Michael Steuert         For       For        Management
1.9   Elect Director J. Andre Teixeira          For       For        Management
1.10  Elect Director Andrea M. Zulberti         For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Approve Stock Option Exchange Program     For       For        Management
4     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Public Storage

Ticker:       PSA            Security ID:  74460D109
Meeting Date: MAY 6, 2010    Meeting Type: Annual
Record Date:  MAR 10, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director B. Wayne Hughes            For       For        Management
1.2   Elect Director Ronald L. Havner, Jr.      For       For        Management
1.3   Elect Director Dann V. Angeloff           For       For        Management
1.4   Elect Director William C. Baker           For       For        Management
1.5   Elect Director John T. Evans              For       For        Management
1.6   Elect Director Tamara Hughes Gustavson    For       For        Management
1.7   Elect Director Uri P. Harkham             For       For        Management
1.8   Elect Director B. Wayne Hughes, Jr.       For       For        Management
1.9   Elect Director Harvey Lenkin              For       For        Management
1.10  Elect Director Avedick B. Poladian        For       For        Management
1.11  Elect Director Gary E. Pruitt             For       For        Management
1.12  Elect Director Ronald P. Spogli           For       For        Management
1.13  Elect Director Daniel C. Staton           For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Rayonier Inc.

Ticker:       RYN            Security ID:  754907103
Meeting Date: MAY 20, 2010   Meeting Type: Annual
Record Date:  MAR 22, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director C. David Brown, II         For       For        Management
2     Elect Director John E. Bush               For       For        Management
3     Elect Director Lee M. Thomas              For       For        Management
4     Elect Director Paul G. Kirk, Jr.          For       For        Management
5     Increase Authorized Common Stock          For       For        Management
6     Amend Omnibus Stock Plan                  For       For        Management
7     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Regency Centers Corporation

Ticker:       REG            Security ID:  758849103
Meeting Date: MAY 4, 2010    Meeting Type: Annual
Record Date:  FEB 23, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Martin E. Stein, Jr.       For       For        Management
1.2   Elect Director Raymond L. Bank            For       For        Management
1.3   Elect Director C. Ronald Blankenship      For       For        Management
1.4   Elect Director A.r. Carpenter             For       For        Management
1.5   Elect Director J. Dix Druce               For       For        Management
1.6   Elect Director Mary Lou Fiala             For       For        Management
1.7   Elect Director Bruce M. Johnson           For       For        Management
1.8   Elect Director Douglas S. Luke            For       For        Management
1.9   Elect Director John C. Schweitzer         For       For        Management
1.10  Elect Director Brian M. Smith             For       For        Management
1.11  Elect Director Thomas G. Wattles          For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Simon Property Group, Inc.

Ticker:       SPG            Security ID:  828806109
Meeting Date: MAY 6, 2010    Meeting Type: Annual
Record Date:  MAR 8, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Melvyn E. Bergstein        For       For        Management
2     Elect Director Linda Walker Bynoe         For       For        Management
3     Elect Director Larry C. Glasscock         For       For        Management
4     Elect Director Karen N. Horn, PhD         For       For        Management
5     Elect Director Allan Hubbard              For       For        Management
6     Elect Director Reuben S. Leibowitz        For       For        Management
7     Elect Director Daniel C. Smith, PhD       For       For        Management
8     Elect Director J. Albert Smith, Jr.       For       For        Management
9     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

SL Green Realty Corp.

Ticker:       SLG            Security ID:  78440X101
Meeting Date: JUN 15, 2010   Meeting Type: Annual
Record Date:  APR 5, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Director Edwin T. Burton, III             For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Sovran Self Storage, Inc.

Ticker:       SSS            Security ID:  84610H108
Meeting Date: MAY 26, 2010   Meeting Type: Annual
Record Date:  MAR 24, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert J. Attea            For       For        Management
1.2   Elect Director Kenneth F. Myszka          For       For        Management
1.3   Elect Director John E. Burns              For       For        Management
1.4   Elect Director Anthony P. Gammie          For       For        Management
1.5   Elect Director Charles E. Lannon          For       For        Management
1.6   Elect Director James R. Boldt             For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Starwood Property Trust, Inc.

Ticker:       STWD           Security ID:  85571B105
Meeting Date: MAY 6, 2010    Meeting Type: Annual
Record Date:  MAR 19, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard D. Bronson         For       For        Management
1.2   Elect Director Jeffrey F. DiModica        For       For        Management
1.3   Elect Director Jeffrey D. Dishner         For       For        Management
1.4   Elect Director Camille J. Douglas         For       For        Management
1.5   Elect Director Ellis F. Rinaldi           For       For        Management
1.6   Elect Director Barry S. Sternlicht        For       For        Management
1.7   Elect Director Strauss Zelnick            For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Sunstone Hotel Investors, Inc.

Ticker:       SHO            Security ID:  867892101
Meeting Date: MAY 5, 2010    Meeting Type: Annual
Record Date:  MAR 12, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert A. Alter            For       For        Management
1.2   Elect Director Arthur L. Buser, Jr.       For       For        Management
1.3   Elect Director Lewis N. Wolff             For       For        Management
1.4   Elect Director Z. Jamie Behar             For       For        Management
1.5   Elect Director Thomas A. Lewis, Jr.       For       For        Management
1.6   Elect Director Keith M. Locker            For       For        Management
1.7   Elect Director Keith P. Russell           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


--------------------------------------------------------------------------------

The Macerich Company

Ticker:       MAC            Security ID:  554382101
Meeting Date: MAY 27, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Arthur M. Coppola          For       For        Management
2     Elect Director Edward C. Coppola          For       For        Management
3     Elect Director James S. Cownie            For       For        Management
4     Elect Director Fred S. Hubbell            For       For        Management
5     Elect Director Mason G. Ross              For       For        Management
6     Elect Director Dr. William P. Sexton      For       For        Management
7     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

Ventas, Inc.

Ticker:       VTR            Security ID:  92276F100
Meeting Date: APR 30, 2010   Meeting Type: Annual
Record Date:  MAR 8, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Debra A. Cafaro            For       For        Management
1.2   Elect Director Douglas Crocker, II        For       For        Management
1.3   Elect Director Ronald G. Geary            For       For        Management
1.4   Elect Director Jay M. Gellert             For       For        Management
1.5   Elect Director Robert D. Reed             For       For        Management
1.6   Elect Director Sheli Z. Rosenberg         For       For        Management
1.7   Elect Director James D. Shelton           For       For        Management
1.8   Elect Director Thomas C. Theobald         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require a Majority Vote for the Election  Against   For        Shareholder
      of Directors


--------------------------------------------------------------------------------

Vornado Realty Trust

Ticker:       VNO            Security ID:  929042109
Meeting Date: MAY 13, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Candace K. Beinecke        For       Withhold   Management
1.2   Elect Director Robert P. Kogod            For       Withhold   Management
1.3   Elect Director David Mandelbaum           For       Withhold   Management
1.4   Elect Director Richard R. West            For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Require a Majority Vote for the Election  Against   For        Shareholder
      of Directors
5     Require Independent Board Chairman        Against   For        Shareholder
6     Declassify the Board of Directors         Against   For        Shareholder


                            SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Registrant:  Oppenheimer Real Estate Fund

By:          William F. Glavin, Jr.*
             --------------
             William F. Glavin, Jr.
             President and Principal Executive Officer

Date:        August 23, 2010

*By:         /s/ Randy Legg
             --------------
             Randy Legg, Attorney in Fact