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Oppenheimer Portfolio Series is a set of four funds-of-funds which
were put together by Oppenheimer professional. This highlight covers two of
their funds-Active Allocatation Fund and the Equity Allocation Fund.
Oppenheimer Portfolio Series: Active Allocation Fund


Fund Focus 1
Long-term growth of capital with a secondary objective of
current income.

Strategy
Build a More Diversified Portfolio with One Investment:
Oppenheimer Portfolio Series strives to simplify the task of diversifying
investments by offering a set of portfolios with a range of risk and reward
characteristics. The Funds aim to provide investors with competitive return
potential given their risk tolerance. Diversification does not ensure a profit
nor protect against a loss.

Professional Asset Allocation: The portfolio is managed by
seasoned investment professionals who have weathered the challenges of a variety
of market climates over time.

Ease of Use: With more than 17,000 mutual fund products on the
market today, it can be daunting to wade through the options. The Portfolio
Series offers a way to access the potential benefits of diversified,
well-considered portfolios comprised of quality underlying funds - in one
package.

Special Risks Investing in securities may be volatile.

Oppenheimer Portfolio Series: Equity Allocation Fund
Fund Focus 2
Strategy
Build a More Diversified Portfolio with One Investment:
Oppenheimer Portfolio Series strives to simplify the task of diversifying
investments by offering a set of portfolios with a range of risk and reward
characteristics. The Funds aim to provide investors with competitive return
potential given their risk tolerance. Diversification does not ensure a profit
nor protect against a loss.
Professional Asset Allocation: The portfolio is managed by
seasoned investment professionals who have weathered the challenges of a variety
of market climates over time.

Ease of Use: With more than 17,000 mutual fund products on the
market today, it can be daunting to wade through the options. The Portfolio
Series offers a way to access the potential benefits of diversified,
well-considered portfolios comprised of quality underlying funds - in one
package.

Special Risks Investing in securities may be volatile.






The performance data quoted represents past performance, which does not
guarantee future results. The investment return and principal value of an
investment in the Fund will fluctuate so that an investor's shares, when
redeemed, may be worth more or less than their original cost. Current
performance may be lower or higher than the performance data quoted. For current
performance data , click here, or call us at 1.877.369.1889 or internationally
at +1.770.369.889. All fund returns include change in share price, reinvested
distributions and the sales charges as listed below, unless 'without sales
charge' is indicated. Returns do not consider capital gains or income taxes. For
Active Allocation Class A Share returns include a maximum sales charge of 5.75%
(equity), 4.75% (most fixed income), and 3.50% ('limited term' fixed income
funds and Senior Floating Rate), and 0% (Money Market Funds). Class B share
returns include contingent deferred sales charge (CDSC) as follows: For years 1
- 6 respectively, charges are 5%, 4%, 3%, 3%, 2%, 1% except 'limited term' fixed
income funds (4%, 3%, 2% ,2%, 1%, 0%) and Senior Floating Rate (3%, 2%, 1.5%,
1.5%, 1%, 0%). Class C Share returns include a 1% contingent deferred sales
charge (CDSC) and are subject to an annual asset based sales charge of 0.75%,
except Senior Floating Rate with 0.50%. Class N Share returns include a 1%
contingent deferred sales charge (CDSC) and are subject to an annual asset based
sales charge of 0.25%, except Senior Floating Rate with 0.50%. Annual
asset-based sales charges are applied as follows: 0.75% on Class B/C (excluding
Senior Floating Rate at 0.50%); 0.50% for Class M; 0.25% for Class N shares. For
Equity Allocation Class A Share returns include a maximum sales charge of 5.75%
(equity), 4.75% (most fixed income), and 3.50% ('limited term' fixed income
funds and Senior Floating Rate), and 0% (Money Market Funds). Class B Share
returns include contingent deferred sales charge (CDSC) as follows: For years 1
- 6 respectively, charges are 5%, 4%, 3%, 3%, 2%, 1% except 'limited term' fixed
income funds (4%, 3%, 2% ,2%, 1%, 0%) and Senior Floating Rate (3%, 2%, 1.5%,
1.5%, 1%, 0%). Class C Share returns include a 1% contingent deferred sales
charge (CDSC) and are subject to an annual asset based sales charge of 0.75%,
except Senior Floating Rate with 0.50%. Class N Share returns include a 1%
contingent deferred sales charge (CDSC) and are subject to an annual asset based
sales charge of 0.25%, except Senior Floating Rate with 0.50%. Annual
asset-based sales charges are applied as follows: 0.75% on Class B/C (excluding
Senior Floating Rate at 0.50%); 0.50% for Class M; 0.25% for Class N shares.


Before investing in any of the Oppenheimer funds, investors should
carefully consider a fund's investment objectives, risks, charges and expenses.
Fund prospectuses contain this and other information about the funds. You may
download and view a prospectus now. Investors should read prospectuses carefully
before investing. Relevent pages for the Active Allocation fund can be found
starting on page 14 and 84..


Shares of Oppenheimer funds are not deposits or obligations of any bank,
are not guaranteed by any bank, are not insured by the FDIC or any other agency,
and involve investment risks, including the possible loss of the principal
amount invested.


Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.



1 In managing the portfolios, the manager will have the authority to
select and substitute certain underlying Oppenheimer funds, as designated in the
prospectus, and may be subject to potential conflicts of interest because the
fees paid to it by some underlying funds are higher than the fees paid by
others. However, the manager is a fiduciary to each portfolio and is obligated
to act in its best interests when selecting underlying funds. Each of the
underlying funds in which the portfolios invest has its own investment risks,
and those risks can affect the value of each portfolio's share and investments.
In addition, there is no guarantee that the underlying funds will achieve their
investment objectives. The underlying funds may change their investment
objectives or policies without the approval of the portfolio, and a portfolio
may be forced to sell its shares of the underlying funds at a disadvantageous
time. Foreign investments (especially those in emerging markets) may be more
volatile and involve additional expenses and special risks, including currency
exchanges and political and economic uncertainties. Technology and small-cap
stocks may be especially volatile. The market may not recognize that securities
are undervalued and they may not appreciate as anticipated. Lower rated ('junk')
bonds are more at risk of default than other bond investments. Derivative
instruments, securities whose values depend on the performance of any underlying
security or asset, entail potentially higher volatility and risk of loss
compared to traditional stock or bond investments.


2 In managing the portfolios, the manager will have the authority to
select and substitute certain underlying Oppenheimer funds, as designated in the
prospectus, and may be subject to potential conflicts of interest because the
fees paid to it by some underlying funds are higher than the fees paid by
others. However, the manager is a fiduciary to each portfolio and is obligated
to act in its best interests when selecting underlying funds. Each of the
underlying funds in which the portfolios invest has its own investment risks,
and those risks can affect the value of each portfolio's share and investments.
In addition, there is no guarantee that the underlying funds will achieve their
investment objectives. The underlying funds may change their investment
objectives or policies without the approval of the portfolio, and a portfolio
may be forced to sell its shares of the underlying funds at a disadvantageous
time. Foreign investments (especially those in emerging markets) may be more
volatile and involve additional expenses and special risks, including currency
exchanges and political and economic uncertainties. Technology and small-cap
stocks may be especially volatile. The market may not recognize that securities
are undervalued and they may not appreciate as anticipated. Lower rated ('junk')
bonds are more at risk of default than other bond investments. Derivative
instruments, securities whose values depend on the performance of any underlying
security or asset, entail potentially higher volatility and risk of loss
compared to traditional stock or bond investments.


3 ALL ACCOUNT APPLICATIONS MUST INCLUDE ORIGINAL SIGNATURES AND BE MAILED
TO P.O. BOX 4421 Atlanta, GA 30302. TO FUND YOUR ACCOUNT VIA ACH DEPOSITS or
CHECK PLEASE CALL 877.369.1889 or +1.770.369.1889.

www.FreedomTreeFinancial.com or Complete your application

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