SECURITIES AND EXCHANGE COMMISSION
                                           Washington, DC 20549

                                               SCHEDULE TO

                      Tender Offer Statement Under Section 14(d)(1) or 13(e)(1)
                                  of the Securities Exchange Act of 1934

                                            (Final Amendment)

                                  OFI Tremont Market Neutral Hedge Fund
                                             (Name of Issuer)

                                  OFI Tremont Market Neutral Hedge Fund
                                   (Name of Person(s) Filing Statement)

                                      Shares of Beneficial Interest
                                      (Title of Class of Securities)

                                                67084L101
                                  (CUSIP Number of Class of Securities)

                                         Lisa I. Bloomberg, Esq.
                                        Two World Financial Center
                                      225 Liberty Street, 11th Floor
                                      New York, New York 10281-1008
                                              (212) 323-0560
            (Name, Address and Telephone Number of Person Authorized to Receive
         Notices and Communications on Behalf of the Person(s) Filing Statement)

                                        CALCULATION OF FILING FEE

--------------------------------------------------------------------------------
Transaction Valuation: $18,895,100.24 (a)    Amount of Filing Fee: $2,223.95 (b)
--------------------------------------------------------------------------------

     (a)  Calculated as the aggregate  maximum  purchase  price for  twenty-five
percent of the Issuer's  outstanding shares of beneficial  interest based on the
estimated total net asset value of the Issuer's outstanding shares of beneficial
interest as of May 31, 2006.

     (b) Calculated at 0.011770% of the Transaction Valuation.

[ x] Check the box if any part of the fee is  offset  as  provided  by Rule
0-11(a)(2)  and identify the filing with which the offsetting fee was previously
paid. Identify the previous filing by registration statement number, or the Form
or Schedule and the date of its filing.

Amount Previously Paid:  $2,223.95
Form or Registration No.:  005-79313
Filing Party:  OFI Tremont Market Neutral Hedge Fund
Date Filed:  July 31, 2006

[  ]  Check  the  box  if  the  filing   relates   solely  to   preliminary
communications made before the commencement of a tender offer.

     Check the  appropriate  boxes below to designate any  transactions to which
the statement relates:

[  ]     third-party tender offer subject to Rule 14d-1.
[ x]     issuer tender offer subject to Rule 13e-4.
[  ]     going-private transaction subject to Rule 13e-3.
[  ]     amendment to Schedule 13D under Rule 13d-2.

     Check the  following box if the filing is a final  amendment  reporting the
results of the tender offer: [x]

     This Final  Amendment  relates  to the Issuer  Tender  Offer  Statement  on
Schedule TO (the  "Statement")  originally filed on July 31, 2006 by OFI Tremont
Market Neutral Hedge Fund (the "Fund") in connection with an offer (the "Offer")
by the Fund to purchase  $18,895,100.24  of interests in the Fund  ("Shares") on
the terms and subject to the conditions set forth in the Repurchase Offer Notice
and the related Cover Letter to Repurchase Offer.  Copies of the Cover Letter to
Repurchase  Offer and Repurchase  Offer Notice were previously filed as Exhibits
(a)(1)(i) and (a)(1) (ii), respectively, to the Statement.

     This is the Final  Amendment to the  Statement and is being filed to report
the results of the Offer.  Capitalized  terms not otherwise defined herein shall
have the meanings ascribed to them in the Repurchase Offer Notice.

         The following information is furnished pursuant to Rule 13e-4(c)4:

     1. The Offer expired at 12:00 midnight, New York time, on August 31, 2006.

     2.  $8,103,385.70  in Shares were tendered  prior to the  expiration of the
Offer.

                                                SIGNATURE

     After due inquiry  and to the best of my  knowledge  and belief,  I certify
that the information set forth in this statement is true, complete and correct.

                                          OFI Tremont Market Neutral Hedge Fund


                                              /s/ Lisa I. Bloomberg
                                          By:___________________________________
                                               Name: Lisa I. Bloomberg
                                               Title: Assistant Secretary

Date:  November 16, 2006