Oppenheimer Capital Preservation Fund Watch

from N-1A/A 1 page June 10, 1999 the Board of Trustees Oppenheimer Capital Preservation Fund Two World Trade Center New York, New York 10048-0203 to the Board of Trustees: Oppenheimerfunds, Inc. ("Ofi") Herewith Purchases 10,000 Class a Shares and 100 Class B, 100 Class C, and 100 Class Y Shares of Oppenheimer Capital Preservation Fund (The "Fund") at a Net Asset Value Per Share of $10.00 for Each Such Class, for an Aggregate Purchase Price of $103,000. in Connection With Such Purchase, Ofi Represents That Such Purchase Is Made for Investment Purposes by Ofi Without Any Present Intention of Redeeming or Selling Such Shares. Ofi Will Advance All Organizational and Start-Up Costs of the Fund. Very Truly Yours, /S/ Andrew J. Donohue Andrew J. Donohue Executive Vice President & General Counsel ADVISORY\755INVST.LTR