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Oppenheimer Dividend Opportunity Fund – ‘N-18F1’ on 11/22/02

On:  Friday, 11/22/02, at 4:48pm ET   ·   Effective:  11/22/02   ·   Accession #:  728889-2-906   ·   File #:  811-21208

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

11/22/02  Oppenheimer Div Opportunity Fund  N-18F1     11/22/02    1:3K                                     Oppenheimer Funds Inc

Document/Exhibit                   Description                      Pages   Size 

 1: N-18F1      Notice of Election                                  HTML      5K 

                        FORM N-18F-1

             SECURITIES AND EXCHANGE COMMISSION
                    Washington, DC 20549

      Notification of Election Pursuant to Rule 18f-1
          Under the Investment Company Act of 1940

              OPPENHEIMER MULTI CAP VALUE FUND
       6803 S. Tucson Way, Centennial, CO 80112-3924
      ------------------------------------------------
               Name and Address of Registrant

                  NOTIFICATION OF ELECTION
          ---------------------------------------

The   undersigned   registered,    open-end,    diversified,
management    investment   company   hereby   notifies   the
Securities and Exchange  Commission that it elects to commit
itself to pay in cash all  redemptions  by a shareholder  of
record  in  accordance  with the  provisions  of Rule  18f-1
under the  Investment  Company Act of 1940. It is understood
that this  election  is  irrevocable  while  such Rule is in
effect  unless  the  Commission  by order  upon  application
permits the withdrawal of this Notification of Election.

                         SIGNATURE
                     -----------------

Pursuant  to  the  requirements  of  Rule  18f-1  under  the
Investment  Company Act of 1940,  the  registrant has caused
this  notification  of election  to be duly  executed on its
behalf in the city of  Centennial  and the State of Colorado
on the 22nd day of November, 2002.

                                    OPPENHEIMER MULTI CAP VALUE
                                    FUND

                                    -----------------------------------
                                    Name of Registrant

                                    By:  /s/ Robert G. Zack

                                    ------------------------------

                                    Robert G. Zack,
                                    Secretary

ATTEST:

/s/ Katherine P. Feld
 ------------------------
Katherine P. Feld