<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0201</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001357430</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-21882</fileNumber>
      </filer>
      <investmentCompanyType>N-1A</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptIncludeAllSeriesFlag>true</rptIncludeAllSeriesFlag>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2018-05-31" isReportPeriodLt12="Y"/>
    <registrantInfo>
      <registrantFullName>Oppenheimer Rochester North Carolina Municipal Fund</registrantFullName>
      <investmentCompFileNo>811-21882</investmentCompFileNo>
      <registrantCik>0001357430</registrantCik>
      <registrantLei>549300Z8Y6T2WGUOUU80</registrantLei>
      <registrantstreet1>6803 South Tucson Way</registrantstreet1>
      <registrantcity>Centennial</registrantcity>
      <registrantzipCode>80112</registrantzipCode>
      <registrantstate>US-CO</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>3037683200</registrantphoneNumber>
      <websites>
        <website webpage="www.oppenheimerfunds.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Oppenheimer Funds, Inc.</officeName>
          <officeAddress1>6803 South Tucson Way</officeAddress1>
          <officeCity>Centennial</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CO"/>
          <officeRecordsZipCode>80112</officeRecordsZipCode>
          <officePhone>3037683200</officePhone>
          <booksRecordsDesc>The accounts, books and other documents required to be maintained by Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and rules promulgated thereunder.</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>Y</isRegistrantFirstFiling>
      <isRegistrantLastFiling>Y</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Oppenheimer Funds"/>
      <registrantClassificationType>N-1A</registrantClassificationType>
      <totalSeries>1</totalSeries>
      <terminatedSeries>
        <terminatedSeriesInfo seriesName="Oppenheimer Rochester North Carolina Municipal Fund" seriesId="S000012508" terminationDate="05/2018"/>
      </terminatedSeries>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Mary F. Miller</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-2454"/>
            <fileNumberInfo fileNumber="811-3105"/>
            <fileNumberInfo fileNumber="811-3694"/>
            <fileNumberInfo fileNumber="811-10589"/>
            <fileNumberInfo fileNumber="811-23231"/>
            <fileNumberInfo fileNumber="811-3346"/>
            <fileNumberInfo fileNumber="811-22139"/>
            <fileNumberInfo fileNumber="811-3614"/>
            <fileNumberInfo fileNumber="811-21883"/>
            <fileNumberInfo fileNumber="811-22771"/>
            <fileNumberInfo fileNumber="811-4410"/>
            <fileNumberInfo fileNumber="811-4054"/>
            <fileNumberInfo fileNumber="811-07489"/>
            <fileNumberInfo fileNumber="811-22993"/>
            <fileNumberInfo fileNumber="811-21881"/>
            <fileNumberInfo fileNumber="811-22760"/>
            <fileNumberInfo fileNumber="811-21474"/>
            <fileNumberInfo fileNumber="811-23135"/>
            <fileNumberInfo fileNumber="811-6001"/>
            <fileNumberInfo fileNumber="811-21877"/>
            <fileNumberInfo fileNumber="811-08299"/>
            <fileNumberInfo fileNumber="811-04797"/>
            <fileNumberInfo fileNumber="811-5225"/>
            <fileNumberInfo fileNumber="811-23090"/>
            <fileNumberInfo fileNumber="811-6332"/>
            <fileNumberInfo fileNumber="811-21879"/>
            <fileNumberInfo fileNumber="811-2944"/>
            <fileNumberInfo fileNumber="811-4803"/>
            <fileNumberInfo fileNumber="811-21686"/>
            <fileNumberInfo fileNumber="811-5586"/>
            <fileNumberInfo fileNumber="811-22142"/>
            <fileNumberInfo fileNumber="811-3430"/>
            <fileNumberInfo fileNumber="811-21208"/>
            <fileNumberInfo fileNumber="811-2668"/>
            <fileNumberInfo fileNumber="811-23052"/>
            <fileNumberInfo fileNumber="811-21880"/>
            <fileNumberInfo fileNumber="811-10071"/>
            <fileNumberInfo fileNumber="811-22943"/>
            <fileNumberInfo fileNumber="811-21888"/>
            <fileNumberInfo fileNumber="811-07657"/>
            <fileNumberInfo fileNumber="811-22092"/>
            <fileNumberInfo fileNumber="811-21882"/>
            <fileNumberInfo fileNumber="811-21775"/>
            <fileNumberInfo fileNumber="811-1810"/>
            <fileNumberInfo fileNumber="811-06105"/>
            <fileNumberInfo fileNumber="811-23163"/>
            <fileNumberInfo fileNumber="811-5867"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Arthur P. Steinmetz</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-09333"/>
            <fileNumberInfo fileNumber="811-23052"/>
            <fileNumberInfo fileNumber="811-3105"/>
            <fileNumberInfo fileNumber="811-22806"/>
            <fileNumberInfo fileNumber="811-3430"/>
            <fileNumberInfo fileNumber="811-22771"/>
            <fileNumberInfo fileNumber="811-2454"/>
            <fileNumberInfo fileNumber="811-5582"/>
            <fileNumberInfo fileNumber="811-4803"/>
            <fileNumberInfo fileNumber="811-4410"/>
            <fileNumberInfo fileNumber="811-21883"/>
            <fileNumberInfo fileNumber="811-22137"/>
            <fileNumberInfo fileNumber="811-06105"/>
            <fileNumberInfo fileNumber="811-22314"/>
            <fileNumberInfo fileNumber="811-22943"/>
            <fileNumberInfo fileNumber="811-22760"/>
            <fileNumberInfo fileNumber="811-07255"/>
            <fileNumberInfo fileNumber="811-10001"/>
            <fileNumberInfo fileNumber="811-23061"/>
            <fileNumberInfo fileNumber="811-23231"/>
            <fileNumberInfo fileNumber="811-3694"/>
            <fileNumberInfo fileNumber="811-4054"/>
            <fileNumberInfo fileNumber="811-21879"/>
            <fileNumberInfo fileNumber="811-21686"/>
            <fileNumberInfo fileNumber="811-21888"/>
            <fileNumberInfo fileNumber="811-5360"/>
            <fileNumberInfo fileNumber="811-4563"/>
            <fileNumberInfo fileNumber="811-2944"/>
            <fileNumberInfo fileNumber="811-22142"/>
            <fileNumberInfo fileNumber="811-21877"/>
            <fileNumberInfo fileNumber="811-4108"/>
            <fileNumberInfo fileNumber="811-21881"/>
            <fileNumberInfo fileNumber="811-23135"/>
            <fileNumberInfo fileNumber="811-22993"/>
            <fileNumberInfo fileNumber="811-21775"/>
            <fileNumberInfo fileNumber="811-22092"/>
            <fileNumberInfo fileNumber="811-21880"/>
            <fileNumberInfo fileNumber="811-6332"/>
            <fileNumberInfo fileNumber="811-1512"/>
            <fileNumberInfo fileNumber="811-21993"/>
            <fileNumberInfo fileNumber="811-2668"/>
            <fileNumberInfo fileNumber="811-10589"/>
            <fileNumberInfo fileNumber="811-23277"/>
            <fileNumberInfo fileNumber="811-21474"/>
            <fileNumberInfo fileNumber="811-23163"/>
            <fileNumberInfo fileNumber="811-22139"/>
            <fileNumberInfo fileNumber="811-21882"/>
            <fileNumberInfo fileNumber="811-22207"/>
            <fileNumberInfo fileNumber="811-3420"/>
            <fileNumberInfo fileNumber="811-23090"/>
            <fileNumberInfo fileNumber="811-04797"/>
            <fileNumberInfo fileNumber="811-3346"/>
            <fileNumberInfo fileNumber="811-22400"/>
            <fileNumberInfo fileNumber="811-5225"/>
            <fileNumberInfo fileNumber="811-22420"/>
            <fileNumberInfo fileNumber="811-1810"/>
            <fileNumberInfo fileNumber="811-07657"/>
            <fileNumberInfo fileNumber="811-08299"/>
            <fileNumberInfo fileNumber="811-5867"/>
            <fileNumberInfo fileNumber="811-5586"/>
            <fileNumberInfo fileNumber="811-6001"/>
            <fileNumberInfo fileNumber="811-3614"/>
            <fileNumberInfo fileNumber="811-22609"/>
            <fileNumberInfo fileNumber="811-22844"/>
            <fileNumberInfo fileNumber="811-09373"/>
            <fileNumberInfo fileNumber="811-07489"/>
            <fileNumberInfo fileNumber="811-21208"/>
            <fileNumberInfo fileNumber="811-22520"/>
            <fileNumberInfo fileNumber="811-10071"/>
            <fileNumberInfo fileNumber="811-5724"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Joel W. Motley</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-5586"/>
            <fileNumberInfo fileNumber="811-21881"/>
            <fileNumberInfo fileNumber="811-23090"/>
            <fileNumberInfo fileNumber="811-21883"/>
            <fileNumberInfo fileNumber="811-3105"/>
            <fileNumberInfo fileNumber="811-07489"/>
            <fileNumberInfo fileNumber="811-10071"/>
            <fileNumberInfo fileNumber="811-3430"/>
            <fileNumberInfo fileNumber="811-22993"/>
            <fileNumberInfo fileNumber="811-3614"/>
            <fileNumberInfo fileNumber="811-21880"/>
            <fileNumberInfo fileNumber="811-1810"/>
            <fileNumberInfo fileNumber="811-23052"/>
            <fileNumberInfo fileNumber="811-21888"/>
            <fileNumberInfo fileNumber="811-21882"/>
            <fileNumberInfo fileNumber="811-22760"/>
            <fileNumberInfo fileNumber="811-07657"/>
            <fileNumberInfo fileNumber="811-21877"/>
            <fileNumberInfo fileNumber="811-2454"/>
            <fileNumberInfo fileNumber="811-22092"/>
            <fileNumberInfo fileNumber="811-2944"/>
            <fileNumberInfo fileNumber="811-4054"/>
            <fileNumberInfo fileNumber="811-23135"/>
            <fileNumberInfo fileNumber="811-3694"/>
            <fileNumberInfo fileNumber="811-23231"/>
            <fileNumberInfo fileNumber="811-4410"/>
            <fileNumberInfo fileNumber="811-10589"/>
            <fileNumberInfo fileNumber="811-21879"/>
            <fileNumberInfo fileNumber="811-2668"/>
            <fileNumberInfo fileNumber="811-5867"/>
            <fileNumberInfo fileNumber="811-08299"/>
            <fileNumberInfo fileNumber="811-22943"/>
            <fileNumberInfo fileNumber="811-21474"/>
            <fileNumberInfo fileNumber="811-21208"/>
            <fileNumberInfo fileNumber="811-23163"/>
            <fileNumberInfo fileNumber="811-5225"/>
            <fileNumberInfo fileNumber="811-6332"/>
            <fileNumberInfo fileNumber="811-04797"/>
            <fileNumberInfo fileNumber="811-22139"/>
            <fileNumberInfo fileNumber="811-6001"/>
            <fileNumberInfo fileNumber="811-21686"/>
            <fileNumberInfo fileNumber="811-22142"/>
            <fileNumberInfo fileNumber="811-06105"/>
            <fileNumberInfo fileNumber="811-3346"/>
            <fileNumberInfo fileNumber="811-22771"/>
            <fileNumberInfo fileNumber="811-21775"/>
            <fileNumberInfo fileNumber="811-4803"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Brian F. Wruble</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-3614"/>
            <fileNumberInfo fileNumber="811-5867"/>
            <fileNumberInfo fileNumber="811-23163"/>
            <fileNumberInfo fileNumber="811-21775"/>
            <fileNumberInfo fileNumber="811-4803"/>
            <fileNumberInfo fileNumber="811-3346"/>
            <fileNumberInfo fileNumber="811-2668"/>
            <fileNumberInfo fileNumber="811-21882"/>
            <fileNumberInfo fileNumber="811-23090"/>
            <fileNumberInfo fileNumber="811-6332"/>
            <fileNumberInfo fileNumber="811-21208"/>
            <fileNumberInfo fileNumber="811-3430"/>
            <fileNumberInfo fileNumber="811-21881"/>
            <fileNumberInfo fileNumber="811-10071"/>
            <fileNumberInfo fileNumber="811-23135"/>
            <fileNumberInfo fileNumber="811-3105"/>
            <fileNumberInfo fileNumber="811-04797"/>
            <fileNumberInfo fileNumber="811-07489"/>
            <fileNumberInfo fileNumber="811-2454"/>
            <fileNumberInfo fileNumber="811-22092"/>
            <fileNumberInfo fileNumber="811-06105"/>
            <fileNumberInfo fileNumber="811-3694"/>
            <fileNumberInfo fileNumber="811-21883"/>
            <fileNumberInfo fileNumber="811-2944"/>
            <fileNumberInfo fileNumber="811-22139"/>
            <fileNumberInfo fileNumber="811-21474"/>
            <fileNumberInfo fileNumber="811-6001"/>
            <fileNumberInfo fileNumber="811-23231"/>
            <fileNumberInfo fileNumber="811-08299"/>
            <fileNumberInfo fileNumber="811-22771"/>
            <fileNumberInfo fileNumber="811-4054"/>
            <fileNumberInfo fileNumber="811-1810"/>
            <fileNumberInfo fileNumber="811-21888"/>
            <fileNumberInfo fileNumber="811-07657"/>
            <fileNumberInfo fileNumber="811-5225"/>
            <fileNumberInfo fileNumber="811-22760"/>
            <fileNumberInfo fileNumber="811-4410"/>
            <fileNumberInfo fileNumber="811-21880"/>
            <fileNumberInfo fileNumber="811-22943"/>
            <fileNumberInfo fileNumber="811-10589"/>
            <fileNumberInfo fileNumber="811-21686"/>
            <fileNumberInfo fileNumber="811-5586"/>
            <fileNumberInfo fileNumber="811-21877"/>
            <fileNumberInfo fileNumber="811-22993"/>
            <fileNumberInfo fileNumber="811-23052"/>
            <fileNumberInfo fileNumber="811-21879"/>
            <fileNumberInfo fileNumber="811-22142"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Edmund P. Giambastiani, Jr.</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-10589"/>
            <fileNumberInfo fileNumber="811-22993"/>
            <fileNumberInfo fileNumber="811-22092"/>
            <fileNumberInfo fileNumber="811-21686"/>
            <fileNumberInfo fileNumber="811-4410"/>
            <fileNumberInfo fileNumber="811-5586"/>
            <fileNumberInfo fileNumber="811-3105"/>
            <fileNumberInfo fileNumber="811-23231"/>
            <fileNumberInfo fileNumber="811-21883"/>
            <fileNumberInfo fileNumber="811-22139"/>
            <fileNumberInfo fileNumber="811-22142"/>
            <fileNumberInfo fileNumber="811-21882"/>
            <fileNumberInfo fileNumber="811-07657"/>
            <fileNumberInfo fileNumber="811-04797"/>
            <fileNumberInfo fileNumber="811-6332"/>
            <fileNumberInfo fileNumber="811-3346"/>
            <fileNumberInfo fileNumber="811-10071"/>
            <fileNumberInfo fileNumber="811-21880"/>
            <fileNumberInfo fileNumber="811-23090"/>
            <fileNumberInfo fileNumber="811-08299"/>
            <fileNumberInfo fileNumber="811-2454"/>
            <fileNumberInfo fileNumber="811-23135"/>
            <fileNumberInfo fileNumber="811-1810"/>
            <fileNumberInfo fileNumber="811-3694"/>
            <fileNumberInfo fileNumber="811-4803"/>
            <fileNumberInfo fileNumber="811-23163"/>
            <fileNumberInfo fileNumber="811-3614"/>
            <fileNumberInfo fileNumber="811-21888"/>
            <fileNumberInfo fileNumber="811-2944"/>
            <fileNumberInfo fileNumber="811-22771"/>
            <fileNumberInfo fileNumber="811-2668"/>
            <fileNumberInfo fileNumber="811-07489"/>
            <fileNumberInfo fileNumber="811-22760"/>
            <fileNumberInfo fileNumber="811-21474"/>
            <fileNumberInfo fileNumber="811-23052"/>
            <fileNumberInfo fileNumber="811-21775"/>
            <fileNumberInfo fileNumber="811-21877"/>
            <fileNumberInfo fileNumber="811-21881"/>
            <fileNumberInfo fileNumber="811-5225"/>
            <fileNumberInfo fileNumber="811-5867"/>
            <fileNumberInfo fileNumber="811-06105"/>
            <fileNumberInfo fileNumber="811-21208"/>
            <fileNumberInfo fileNumber="811-22943"/>
            <fileNumberInfo fileNumber="811-21879"/>
            <fileNumberInfo fileNumber="811-4054"/>
            <fileNumberInfo fileNumber="811-6001"/>
            <fileNumberInfo fileNumber="811-3430"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Joanne Pace</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-23231"/>
            <fileNumberInfo fileNumber="811-08299"/>
            <fileNumberInfo fileNumber="811-3430"/>
            <fileNumberInfo fileNumber="811-07657"/>
            <fileNumberInfo fileNumber="811-22760"/>
            <fileNumberInfo fileNumber="811-21888"/>
            <fileNumberInfo fileNumber="811-21883"/>
            <fileNumberInfo fileNumber="811-21686"/>
            <fileNumberInfo fileNumber="811-23052"/>
            <fileNumberInfo fileNumber="811-22771"/>
            <fileNumberInfo fileNumber="811-6001"/>
            <fileNumberInfo fileNumber="811-21877"/>
            <fileNumberInfo fileNumber="811-4803"/>
            <fileNumberInfo fileNumber="811-21881"/>
            <fileNumberInfo fileNumber="811-21775"/>
            <fileNumberInfo fileNumber="811-23090"/>
            <fileNumberInfo fileNumber="811-21882"/>
            <fileNumberInfo fileNumber="811-5225"/>
            <fileNumberInfo fileNumber="811-6332"/>
            <fileNumberInfo fileNumber="811-22142"/>
            <fileNumberInfo fileNumber="811-4054"/>
            <fileNumberInfo fileNumber="811-3614"/>
            <fileNumberInfo fileNumber="811-22993"/>
            <fileNumberInfo fileNumber="811-23163"/>
            <fileNumberInfo fileNumber="811-22092"/>
            <fileNumberInfo fileNumber="811-21474"/>
            <fileNumberInfo fileNumber="811-04797"/>
            <fileNumberInfo fileNumber="811-07489"/>
            <fileNumberInfo fileNumber="811-5586"/>
            <fileNumberInfo fileNumber="811-1810"/>
            <fileNumberInfo fileNumber="811-2944"/>
            <fileNumberInfo fileNumber="811-06105"/>
            <fileNumberInfo fileNumber="811-21879"/>
            <fileNumberInfo fileNumber="811-2668"/>
            <fileNumberInfo fileNumber="811-10589"/>
            <fileNumberInfo fileNumber="811-3105"/>
            <fileNumberInfo fileNumber="811-5867"/>
            <fileNumberInfo fileNumber="811-10071"/>
            <fileNumberInfo fileNumber="811-3346"/>
            <fileNumberInfo fileNumber="811-21880"/>
            <fileNumberInfo fileNumber="811-3694"/>
            <fileNumberInfo fileNumber="811-2454"/>
            <fileNumberInfo fileNumber="811-4410"/>
            <fileNumberInfo fileNumber="811-22943"/>
            <fileNumberInfo fileNumber="811-21208"/>
            <fileNumberInfo fileNumber="811-23135"/>
            <fileNumberInfo fileNumber="811-22139"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Elizabeth Krentzman</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-5867"/>
            <fileNumberInfo fileNumber="811-23135"/>
            <fileNumberInfo fileNumber="811-22771"/>
            <fileNumberInfo fileNumber="811-22092"/>
            <fileNumberInfo fileNumber="811-3694"/>
            <fileNumberInfo fileNumber="811-2454"/>
            <fileNumberInfo fileNumber="811-2668"/>
            <fileNumberInfo fileNumber="811-23090"/>
            <fileNumberInfo fileNumber="811-4054"/>
            <fileNumberInfo fileNumber="811-07657"/>
            <fileNumberInfo fileNumber="811-21883"/>
            <fileNumberInfo fileNumber="811-21877"/>
            <fileNumberInfo fileNumber="811-06105"/>
            <fileNumberInfo fileNumber="811-21881"/>
            <fileNumberInfo fileNumber="811-3346"/>
            <fileNumberInfo fileNumber="811-1810"/>
            <fileNumberInfo fileNumber="811-2944"/>
            <fileNumberInfo fileNumber="811-21474"/>
            <fileNumberInfo fileNumber="811-10589"/>
            <fileNumberInfo fileNumber="811-22760"/>
            <fileNumberInfo fileNumber="811-21879"/>
            <fileNumberInfo fileNumber="811-22142"/>
            <fileNumberInfo fileNumber="811-4803"/>
            <fileNumberInfo fileNumber="811-21775"/>
            <fileNumberInfo fileNumber="811-22943"/>
            <fileNumberInfo fileNumber="811-23231"/>
            <fileNumberInfo fileNumber="811-04797"/>
            <fileNumberInfo fileNumber="811-22139"/>
            <fileNumberInfo fileNumber="811-21882"/>
            <fileNumberInfo fileNumber="811-21208"/>
            <fileNumberInfo fileNumber="811-3430"/>
            <fileNumberInfo fileNumber="811-21888"/>
            <fileNumberInfo fileNumber="811-07489"/>
            <fileNumberInfo fileNumber="811-22993"/>
            <fileNumberInfo fileNumber="811-6332"/>
            <fileNumberInfo fileNumber="811-6001"/>
            <fileNumberInfo fileNumber="811-5225"/>
            <fileNumberInfo fileNumber="811-10071"/>
            <fileNumberInfo fileNumber="811-5586"/>
            <fileNumberInfo fileNumber="811-3105"/>
            <fileNumberInfo fileNumber="811-21686"/>
            <fileNumberInfo fileNumber="811-23163"/>
            <fileNumberInfo fileNumber="811-3614"/>
            <fileNumberInfo fileNumber="811-23052"/>
            <fileNumberInfo fileNumber="811-08299"/>
            <fileNumberInfo fileNumber="811-4410"/>
            <fileNumberInfo fileNumber="811-21880"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Beth Ann Brown</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-23231"/>
            <fileNumberInfo fileNumber="811-22943"/>
            <fileNumberInfo fileNumber="811-4054"/>
            <fileNumberInfo fileNumber="811-5225"/>
            <fileNumberInfo fileNumber="811-10071"/>
            <fileNumberInfo fileNumber="811-21888"/>
            <fileNumberInfo fileNumber="811-23052"/>
            <fileNumberInfo fileNumber="811-22760"/>
            <fileNumberInfo fileNumber="811-2454"/>
            <fileNumberInfo fileNumber="811-22993"/>
            <fileNumberInfo fileNumber="811-21877"/>
            <fileNumberInfo fileNumber="811-4803"/>
            <fileNumberInfo fileNumber="811-6332"/>
            <fileNumberInfo fileNumber="811-21882"/>
            <fileNumberInfo fileNumber="811-21686"/>
            <fileNumberInfo fileNumber="811-23163"/>
            <fileNumberInfo fileNumber="811-08299"/>
            <fileNumberInfo fileNumber="811-21879"/>
            <fileNumberInfo fileNumber="811-23090"/>
            <fileNumberInfo fileNumber="811-07657"/>
            <fileNumberInfo fileNumber="811-22771"/>
            <fileNumberInfo fileNumber="811-21474"/>
            <fileNumberInfo fileNumber="811-3694"/>
            <fileNumberInfo fileNumber="811-5867"/>
            <fileNumberInfo fileNumber="811-21881"/>
            <fileNumberInfo fileNumber="811-2944"/>
            <fileNumberInfo fileNumber="811-5586"/>
            <fileNumberInfo fileNumber="811-21208"/>
            <fileNumberInfo fileNumber="811-06105"/>
            <fileNumberInfo fileNumber="811-07489"/>
            <fileNumberInfo fileNumber="811-3105"/>
            <fileNumberInfo fileNumber="811-04797"/>
            <fileNumberInfo fileNumber="811-2668"/>
            <fileNumberInfo fileNumber="811-10589"/>
            <fileNumberInfo fileNumber="811-3346"/>
            <fileNumberInfo fileNumber="811-1810"/>
            <fileNumberInfo fileNumber="811-21883"/>
            <fileNumberInfo fileNumber="811-22142"/>
            <fileNumberInfo fileNumber="811-4410"/>
            <fileNumberInfo fileNumber="811-6001"/>
            <fileNumberInfo fileNumber="811-21775"/>
            <fileNumberInfo fileNumber="811-23135"/>
            <fileNumberInfo fileNumber="811-22139"/>
            <fileNumberInfo fileNumber="811-22092"/>
            <fileNumberInfo fileNumber="811-3614"/>
            <fileNumberInfo fileNumber="811-3430"/>
            <fileNumberInfo fileNumber="811-21880"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Daniel S. Vandivort</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-10589"/>
            <fileNumberInfo fileNumber="811-21883"/>
            <fileNumberInfo fileNumber="811-22139"/>
            <fileNumberInfo fileNumber="811-22760"/>
            <fileNumberInfo fileNumber="811-5867"/>
            <fileNumberInfo fileNumber="811-4054"/>
            <fileNumberInfo fileNumber="811-23090"/>
            <fileNumberInfo fileNumber="811-3430"/>
            <fileNumberInfo fileNumber="811-3346"/>
            <fileNumberInfo fileNumber="811-23163"/>
            <fileNumberInfo fileNumber="811-21474"/>
            <fileNumberInfo fileNumber="811-22142"/>
            <fileNumberInfo fileNumber="811-2454"/>
            <fileNumberInfo fileNumber="811-22993"/>
            <fileNumberInfo fileNumber="811-10071"/>
            <fileNumberInfo fileNumber="811-22092"/>
            <fileNumberInfo fileNumber="811-21877"/>
            <fileNumberInfo fileNumber="811-6001"/>
            <fileNumberInfo fileNumber="811-21882"/>
            <fileNumberInfo fileNumber="811-3105"/>
            <fileNumberInfo fileNumber="811-23052"/>
            <fileNumberInfo fileNumber="811-04797"/>
            <fileNumberInfo fileNumber="811-23135"/>
            <fileNumberInfo fileNumber="811-4803"/>
            <fileNumberInfo fileNumber="811-22943"/>
            <fileNumberInfo fileNumber="811-07489"/>
            <fileNumberInfo fileNumber="811-2944"/>
            <fileNumberInfo fileNumber="811-07657"/>
            <fileNumberInfo fileNumber="811-21880"/>
            <fileNumberInfo fileNumber="811-06105"/>
            <fileNumberInfo fileNumber="811-21879"/>
            <fileNumberInfo fileNumber="811-23231"/>
            <fileNumberInfo fileNumber="811-22771"/>
            <fileNumberInfo fileNumber="811-2668"/>
            <fileNumberInfo fileNumber="811-5586"/>
            <fileNumberInfo fileNumber="811-3694"/>
            <fileNumberInfo fileNumber="811-08299"/>
            <fileNumberInfo fileNumber="811-21888"/>
            <fileNumberInfo fileNumber="811-3614"/>
            <fileNumberInfo fileNumber="811-1810"/>
            <fileNumberInfo fileNumber="811-21881"/>
            <fileNumberInfo fileNumber="811-4410"/>
            <fileNumberInfo fileNumber="811-6332"/>
            <fileNumberInfo fileNumber="811-21208"/>
            <fileNumberInfo fileNumber="811-5225"/>
            <fileNumberInfo fileNumber="811-21686"/>
            <fileNumberInfo fileNumber="811-21775"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Mary Ann Picciotto</ccoName>
          <crdNumber>004235357</crdNumber>
          <ccoStreet1>225 Liberty Street</ccoStreet1>
          <ccoCity>New York</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-NY"/>
          <ccoZipCode>10281-1008</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <isExemptionFromAct>N</isExemptionFromAct>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>OPPENHEIMERFUNDS DISTRIBUTOR, INC.</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-22992</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000007834</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-NY"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>KPMG LLP</publicAccountantName>
          <pcaobNumber>185</pcaobNumber>
          <publicAccountantLei>5493003PVCIGA21K0K42</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-NY"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <paymentDividendSeries isPaymentDividend="Y">
        <seriesInfo seriesName="Oppenheimer Rochester North Carolina Municipal Fund" seriesId="S000012508"/>
      </paymentDividendSeries>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Oppenheimer Rochester North Carolina Municipal Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000012508</mgmtInvSeriesId>
        <mgmtInvLei>549300Z8Y6T2WGUOUU80</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>4</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Oppenheimer Rochester North Carolina Municipal Fund Class C" sharesOutstandingClassId="C000034014" sharesOutstandingTickerSymbol="OPCCX"/>
          <sharesOutstanding sharesOutstandingClassName="Oppenheimer Rochester North Carolina Municipal Fund Class A" sharesOutstandingClassId="C000034012" sharesOutstandingTickerSymbol="OPNCX"/>
          <sharesOutstanding sharesOutstandingClassName="Oppenheimer Rochester North Carolina Municipal Fund Class Y" sharesOutstandingClassId="C000102772" sharesOutstandingTickerSymbol="OPCYX"/>
          <sharesOutstanding sharesOutstandingClassName="Oppenheimer Rochester North Carolina Municipal Fund Class B" sharesOutstandingClassId="C000034013" sharesOutstandingTickerSymbol="OPCBX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>OFI Global Asset Management, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-76771</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000161556</investmentAdviserCrdNo>
            <investmentAdviserLei>549300LIDDYHF0BY6S79</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>OPPENHEIMERFUNDS, INC.</subAdviserName>
            <subAdviserFileNo>801-08253</subAdviserFileNo>
            <subAdviserCrdNo>000104983</subAdviserCrdNo>
            <subAdviserLei>PDOAIGLBY74951MQ1C36</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-NY" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>OFI Global Asset Management, Inc.</transferAgentName>
            <transferAgentFileNo>84-06477</transferAgentFileNo>
            <transferAgentLei>549300LIDDYHF0BY6S79</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-CO" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Pricing and Reference Data</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceIdNumberDesc>LEI</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>CITIBANK N.A.</custodianName>
            <custodianLei>E57ODZWZ7FF32TWEFA76</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Shareholder Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>84-00907</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>SEC File number</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-CO" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>Y</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Brown Brothers Harriman &amp; Co.</adminName>
            <adminLei>5493006KMX1VFTPYPW14</adminLei>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0.00000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>WELLS FARGO SECURITIES, LLC</principalName>
            <principalFileNo>008-22947</principalFileNo>
            <principalCrdNo>000126292</principalCrdNo>
            <principalLei>VYVVCKR63DVZZN70PB21</principalLei>
            <principalStateCountry principalState="US-CA" principalCountry="US"/>
            <principalTotalPurchaseSale>15810000.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>TD SECURITIES (USA) LLC</principalName>
            <principalFileNo>008-36747</principalFileNo>
            <principalCrdNo>000018476</principalCrdNo>
            <principalLei>SUVUFHICNZMP2WKHG940</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1000000.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MARKETAXESS CORPORATION</principalName>
            <principalFileNo>008-50727</principalFileNo>
            <principalCrdNo>000044542</principalCrdNo>
            <principalLei>GPSMMRI21JE7ZCVYF972</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1141360.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MORGAN STANLEY &amp; CO. LLC</principalName>
            <principalFileNo>008-15869</principalFileNo>
            <principalCrdNo>000008209</principalCrdNo>
            <principalLei>9R7GPTSO7KV3UQJZQ078</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>2250000.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>OPPENHEIMER &amp; CO. INC.</principalName>
            <principalFileNo>008-04077</principalFileNo>
            <principalCrdNo>000000249</principalCrdNo>
            <principalLei>254900VH02JQR2L8XD64</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>542575.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>J.P. MORGAN SECURITIES LLC</principalName>
            <principalFileNo>008-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>ZBUT11V806EZRVTWT807</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>2000000.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>ROBERT W. BAIRD &amp; CO. INCORPORATED</principalName>
            <principalFileNo>008-00497</principalFileNo>
            <principalCrdNo>000008158</principalCrdNo>
            <principalLei>549300772UJAHRD6LO53</principalLei>
            <principalStateCountry principalState="US-WI" principalCountry="US"/>
            <principalTotalPurchaseSale>535000.00000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>23278935.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>18082491.12999999</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>750000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="JP Morgan "/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="Oppenheimer Rochester Pennsylvania Municipal Fund" secFileNo="811-05867"/>
                <creditUser fundName="Oppenheimer Rochester Limited Term California Muni Fund" secFileNo="811-21474"/>
                <creditUser fundName="Oppenheimer Rochester Minnesota Municipal Fund" secFileNo="811-21881"/>
                <creditUser fundName="Oppenheimer Rochester AMT-Free Municipal Fund" secFileNo="811-02668"/>
                <creditUser fundName="Oppenheimer Rochester Fund Municipals" secFileNo="811-03614"/>
                <creditUser fundName="Oppenheimer Rochester New Jersey Municipal Fund" secFileNo="811-05867"/>
                <creditUser fundName="Oppenheimer Rochester Short Term Municipal Fund" secFileNo="811-22139"/>
                <creditUser fundName="Oppenheimer Rochester California Municipal Fund" secFileNo="811-05586"/>
                <creditUser fundName="Oppenheimer Rochester AMT-Free New York Municipal Fund" secFileNo="811-04054"/>
                <creditUser fundName="Oppenheimer Rochester Limited Term New York Municipal Fund" secFileNo="811-06332"/>
                <creditUser fundName="Oppenheimer Rochester Massachusetts Municipal Fund" secFileNo="811-21879"/>
                <creditUser fundName="Oppenheimer Rochester Michigan Municipal Fund" secFileNo="811-21880"/>
                <creditUser fundName="Oppenheimer Rochester Arizona Municipal Fund" secFileNo="811-21877"/>
                <creditUser fundName="Oppenheimer Rochester High Yield Municipal Fund" secFileNo="811-05867"/>
                <creditUser fundName="Oppenheimer Rochester Short Duration High Yield Municipal Fund" secFileNo="811-04803"/>
                <creditUser fundName="Oppenheimer Rochester Ohio Municipal Fund" secFileNo="811-21883"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>2500000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="Citibank N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="Oppenheimer Rochester Arizona Municipal Fund" secFileNo="811-21877"/>
                <creditUser fundName="Oppenheimer Rochester Massachusetts Municipal Fund" secFileNo="811-21879"/>
                <creditUser fundName="Oppenheimer Rochester AMT-Free Municipal Fund" secFileNo="811-02668"/>
                <creditUser fundName="Oppenheimer Rochester Michigan Municipal Fund" secFileNo="811-21880"/>
                <creditUser fundName="Oppenheimer Rochester Ohio Municipal Fund" secFileNo="811-21883"/>
                <creditUser fundName="Oppenheimer  Rochester Pennsylvania Municipal Fund" secFileNo="811-05867"/>
                <creditUser fundName="Oppenheimer Rochester Limited Term California Muni Fund" secFileNo="811-21474"/>
                <creditUser fundName="Oppenheimer Rochester Minnesota Municipal Fund" secFileNo="811-21881"/>
                <creditUser fundName="Oppenheimer Rochester AMT-Free New York Municipal Fund" secFileNo="811-04054"/>
                <creditUser fundName="Oppenheimer Rochester Short Term Municipal Fund" secFileNo="811-22139"/>
                <creditUser fundName="Oppenheimer Rochester Fund Municipals" secFileNo="811-03614"/>
                <creditUser fundName="Oppenheimer Rochester California Municipal Fund" secFileNo="811-05586"/>
                <creditUser fundName="Oppenheimer Rochester New Jersey Municipal Fund" secFileNo="811-05867"/>
                <creditUser fundName="Oppenheimer Rochester High Yield Municipal Fund" secFileNo="811-05867"/>
                <creditUser fundName="Oppenheimer Rochester Limited Term New York Municipal Fund" secFileNo="811-06332"/>
                <creditUser fundName="Oppenheimer Rochester Short Duration High Yield Municipal Fund" secFileNo="811-04803"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>false</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="Oppenheimer Rochester North Carolina Municipal Fund" signedDate="2019-04-12" signature="Jan Miller" title="Assistant Treasurer"/>
  </formData>
</edgarSubmission>
