Hello and thank you for your comments. I have been a little saddened by the lack of comments posted here; as compare to other boards that I read/reply.

I agree with your comments 100%. I have both written and called these idiots. I tried calmly to explain my concerns, as you have stated in your comment. I however, unfortunately, usually end up responding to them angrily.

As you have stated, what person in their right mind would put so much investment in to effectively junk rated bonds?? I agree. This is stupid.

When I first invested (what sounds like about the same amount of money as you have) with OPCAX I had several phone calls with their "people". I told them that I was less interested in high-yields than asset protection (my main concern). They assured me that these were at least AA insured. BTW: I bought in at $11.74 per share. I also own OCACX.

Of course now that I am reading the find print, in hopes of finding out how my investment, our investment, have drifted to junk status, it appears that they are allowed to move the investment portfolio into whatever rated bonds they deem as in the best interest of the fund.

I again agree with you, how is it that these managers have not been fired?? These people are supposed to know more than I regarding investments particularly bonds.

I don't mean to understate the dynamics of investments, but how hard can it be to invest into Muni-bonds and without sustaining the type of value per share loss that OPCAX has had??

It really makes me upset. And I think some day you and I will be reading about Oppenheimer being sued (class action) for this fiasco.

I am on board for whatever you think will be worth while in an effort to return this fund to a stabilized position. Let me know how I can help.

Take care, good luck