OPPENHEIMER GLOBAL GROWTH & INCOME FUND
                     Supplement dated March 31, 2003 to the
          Statement of Additional Information dated November 22, 2002

      The Statement of Additional Information is changed as follows:

1.    The supplement dated March 4, 2003 is replaced with this supplement.

2.    The section  captioned  "Other  Investment  Techniques and  Strategies" is
   amended as follows:

a.    The first  sentence  under the  caption  "Futures"  on page 17  caption is
       revised to read as follows:

          "Futures.  The  Fund  can buy and sell  futures  contracts  that
          relate to (1)  broadly-based  stock indices  (these are referred
          to as "stock index  futures"),  (2) an individual stock ("single
          stock  futures"),  (3) bond  indices  (these are  referred to as
          "bond index futures"),  (4) debt securities  (these are referred
          to as  "interest  rate  futures"),  and (5)  foreign  currencies
          (these are referred to as "forward contracts")."

b.    The  following  is  added  to the end of the  third  paragraph  under  the
       "Futures" caption:

          "Similarly,  a single  stock  future  obligates  the  seller  to
          deliver (and the  purchaser to take) cash or a specified  equity
          security to settle the futures  transaction.  Either party could
          also  enter  into  an  offsetting  contract  to  close  out  the
          position.  Single stock futures  trade on a very limited  number
          of exchanges,  with  contracts  typically not fungible among the
          exchanges."

c.    The third  paragraph  under the caption  "Buying  and  Selling  Options on
      Foreign Currencies" on page 21 is revised to read as follows:

          "A call the Fund writes on a foreign  currency is  "covered"  if
          the Fund owns the  underlying  foreign  currency  covered by the
          call or has an  absolute  and  immediate  right to acquire  that
          foreign currency without  additional cash  consideration  (or it
          can do so for additional  cash  consideration  identified on its
          books) upon  conversion  or exchange of other  foreign  currency
          held in its portfolio."

d.    The last sentence of the fourth  paragraph  under the caption  "Buying and
      Selling Options on Foreign Currencies" is revised to read as follows:

          "In  those   circumstances,   the  Fund  covers  the  option  by
          identifying  on its books cash,  U.S.  government  securities or
          other  liquid  securities  in an  amount  equal to the  exercise
          price of the option."

e.    The first  sentence  of the sixth  paragraph  under the  caption  "Forward
      Contracts" on page 23 is revised to read as follows:

          "The Fund  will  cover its  short  positions  in these  cases by
          identifying  on its books liquid  assets having a value equal to
          the  aggregate  amount of the Fund's  commitment  under  forward
          contracts."

3.    The section  captioned  "Board of Trustees and  Oversight  Committees"  on
    page 31 is amended as follows:

    a. The  second  sentence  of the  second  paragraph  under  that  caption is
       revised to read:

          "The  members of the Audit  Committee  are  Kenneth  A.  Randall
          (Chairman) and Edward Reagan."

   b. The first  sentence of the third  paragraph  under that caption is revised
      to read:

          "The  members  of  the  Study   Committee  are  Robert  G.  Galli
          (Chairman), Elizabeth Moynihan and Joel Motley."

4.    Effective  December  31,  2002,  Mr. Leon Levy retired as a Trustee of the
    Fund  and  Mr.  Clayton  Yeutter  was  elected  as  Chairman  of the  Board,
    effective  January 1, 2003.  Effective March 31, 2003, Mr. Benjamin Lipstein
    retired as a Trustee.  Therefore,  the Statement of  Additional  Information
    is revised by deleting the biography  for Messrs.  Levy and Lipstein on page
    34 and by adding the following to Mr. Yeutter's biography:  "Chairman of the
    Board of Trustees."

5.    In the  Trustee  compensation  table on page 38,  the title of  "Chairman"
    after Mr.  Levy's name is deleted and the title of "Chairman" is added after
    Mr. Yeutter's name. In addition,  the following  footnote is added following
    the names of Messrs. Levy, Lipstein and Yeutter:

       7. Effective  January 1, 2003, Mr.  Yeutter became  Chairman of the
          Board of  Trustees of the Board I Funds upon the  retirement  of
          Mr. Levy.  Effective March 31, 2003, Mr.  Lipstein  retired as a
          Trustee.









March 31, 2003                                                    PX215.009