Class A Share Certificate (8-1/2" x 11")
                                         ----------------------------------------

I.      FACE OF CERTIFICATE (All text and other matter lies within
        -------------------
        8-1/4" x 10-3/4" decorative border, 5/16" wide)

(upper left corner, box with heading: NUMBER [of shares]

                                            (upper right corner)  [share certificate no.] XX-000000

                                            (upper right box, CLASS A SHARES below cert. no.)

                                                  (centered below boxes)
                                             OPPENHEIMER STRATEGIC INCOME FUND
                                              A MASSACHUSETTS BUSINESS TRUST

(at left)  THIS IS TO CERTIFY THAT                            (at right) SEE REVERSE FOR
                                                              CERTAIN DEFINITIONS
                                                              (box with number) CUSIP 68380K102
(at left)  is the owner of
                                                          (centered)
                                    FULLY PAID CLASS A SHARES OF BENEFICIAL INTEREST OF
                                             OPPENHEIMER STRATEGIC INCOME FUND

(hereinafter  called the  "Fund"),  transferable  only on the books of the Fund by the  holder  hereof in person or by duly
authorized  attorney,  upon surrender of this certificate  properly  endorsed.  This certificate and the shares represented
hereby are issued and shall be held  subject to all of the  provisions  of the  Declaration  of Trust of the Fund to all of
which the holder by acceptance hereof assents.  This certificate is not valid until countersigned by the Transfer Agent.

        WITNESS the facsimile seal of the Fund and the signatures of its duly authorized officers.

        (signature                                            Dated:            (signature
        at left of seal)                                                        at right of seal)
        /s/ Brian W. Wixted                                                     /s/ Robert G. Zack

        TREASURER SECRETARY

                                                     (centered at bottom)
                                                1-1/2" diameter facsimile seal
                                                         with legend
                                               OPPENHEIMER STRATEGIC INCOME FUND
                                                             SEAL
                                                             1989
                                                 COMMONWEALTH OF MASSACHUSETTS





(at lower right, printed vertically)                 Countersigned
                                                     OPPENHEIMERFUNDS SERVICES
                                                     [A DIVISION OF OPPENHEIMERFUNDS, INC.]
                                                     Denver (CO.) Transfer Agent

                                                     By ____________________________
                                                              Authorized Signature

II.      BACK OF CERTIFICATE (text reads from top to bottom of 11" dimension)
         -------------------

         The following abbreviations,  when used in the inscription on the face of this certificate,  shall be construed as
though they were written out in full according to applicable laws or regulations.

TEN COM - as tenants in common
TEN ENT - as tenants by the entirety
JT TEN WROS NOT TC - as joint tenants with
rights of survivorship and not as tenants in common

UNIF GIFT/TRANSFER MIN ACT - __________________  Custodian _______________
                                                     (Cust)                             (Minor)

                                            UNDER UGMA/UTMA ___________________
                                                                                (State)

Additional abbreviations may also be used though not on above list.
For Value Received ................ hereby sell(s), assign(s) and transfer(s) unto
PLEASE INSERT SOCIAL SECURITY OR
OTHER IDENTIFYING NUMBER OF ASSIGNEE
AND PROVIDE CERTIFICATION BY TRANSFEREE
(box for identifying number)

(Please print or type name and address of assignee)

________________________________________________Class   A  Shares  of  beneficial   interest   represented  by  the  within
certificate,  and do hereby irrevocably  constitute and appoint  ___________________________  Attorney to transfer the said
shares on the books of the within named Fund with full power of substitution in the premises.

Dated: ______________________

                                            Signed: __________________________
                                                     -----------------------------------
                                                     (Both must sign if joint owners)
                                                     Signature(s) __________________________
                                                     guaranteed        Name of Guarantor

                                                     by:
                                                                   Signature of
                                                                   Officer/Title
(text printed                       NOTICE: The signature(s) to this assignment must correspond
vertically to right                 correspond with the name(s) as written upon the face of the
of above paragraph                  certificate in every particular without alteration or enlargement
                                    or any change whatever.

(text printed in                    Signatures must be guaranteed by a financial
box to left of                      institution of the type described in the current
signature(s))                       prospectus of the Fund.


PLEASE NOTE:  This  document  contains a watermark  OppenheimerFunds  when viewed at an angle.  It is invalid  without this
"four hands" watermark: logotype




                                      THIS SPACE MUST NOT BE COVERED IN ANY WAY

































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