OppenheimerFunds, Inc. Introduces Target-Date Funds

OppenheimerFunds Inc. said their LifeCycle Funds offer greater overall equity exposure than most target date products in an attempt to help investors maintain sufficient assets to last through retirement. Each fund’s portfolio will be regularly rebalanced to ensure that it remains consistent with its target allocations to the indicated asset classes.

The funds offered include:

• Oppenheimer Transition 2010 Fund – designed for investors around 60 years old who expect to retire in their mid-60s, this fund offers relatively large initial equity exposure, a rapid shift to higher levels of fixed income investments and the potential for growth with lower portfolio volatility.
• Oppenheimer Transition 2015 Fund – designed for investors around 55 years old who expect to retire in their mid-60s, this fund offers greater initial equity exposure, a moderately-paced shift toward more fixed income investments and the potential for growth with some portfolio volatility.
• Oppenheimer Transition 2020 Fund – designed for investors around 50 years old who expect to retire in their mid-60s, this fund offers high initial equity exposure, followed by a slower shift toward more fixed income investments and the potential for aggressive growth with additional portfolio volatility.
• Oppenheimer Transition 2030 Fund – designed for investors 40 years old and younger who expect to retire in their mid-60s, this fund offers very high initial equity exposure with the potential for very aggressive growth with a high degree of portfolio volatility. No initial fixed-income investments are included in this portfolio.

OppenheimerFunds can be found on the Web at www.oppenheimerfunds.com.