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Portfolio Managers

JOHN DAMIAN

Director of Value Equities, SVP and Portfolio Manager

John Damian is a Senior Vice President and Portfolio Manager responsible for the Oppenheimer Small- & Mid-Cap Value Fund. He is also the co-manager of Oppenheimer Equity Fund, Oppenheimer Select Value Fund and Oppenheimer Value Fund. In addition, he serves as Director of Value Equities for the Oppenheimer Value Team.

Before joining OppenheimerFunds in 2001, Mr. Damian was a Director and Equity Analyst at Citigroup Asset Management. Prior to that position, he was an Equity Analyst at Pzena Investment Management.

Mr. Damian received an M.B.A., with distinction, from the Wharton School of the University of Pennsylvania. He also received a B.S. in Accountancy, Summa Cum Laude, from Bentley College.

JOSEPH R. HIGGINS

Vice President and Co-Portfolio Manager

Joseph Higgins serves as Vice President and Co-Portfolio Manager of the Oppenheimer Rising Dividends Fund. He joined the Oppenheimer Growth Team in January 2007. From 2004 to 2006, Mr. Higgins was the Co-Portfolio Manager at the Windham Capital Management division of OFI Institutional Asset Management, Inc. In addition, he was a member of the Growth Team's Investment Policy and Strategy Committee. He has over 21 years of investment experience.

Prior to joining the OppenheimerFunds in 2004, Mr. Higgins was a Vice President and Equity Portfolio Manager of Swiss Re Asset Management, Inc. He also worked at First Manhattan Company and Merrill Lynch & Co. in both sales and analyst roles.

Mr. Higgins received his B.S. degree from Manhattan College in Business and Computer Information Systems and his M.B.A. from the Wharton School at the University of Pennsylvania. He is a member of the Association for Investment Management and Research and the New York Society of Security Analysts.

MICHAEL S. LEVINE, CFA

VP and Portfolio Manager

Mike Levine is a Vice President and Portfolio Manager responsible for the Oppenheimer Equity Income Fund, Inc. and OFIPI Gulf portfolios.

Before joining OppenheimerFunds in 1994, Mr. Levine was a Research Analyst and Portfolio Manager at AMAS Securities where he managed both equity and fixed income assets. Previously, he was an Analyst in the Capital Markets group at Lehman Brothers and in Corporate Finance with Janney Montgomery Scott.

Mr. Levine is a graduate of the Wharton School of the University of Pennsylvania and holds the Chartered Financial Analyst designation.

NEIL M. MCCARTHY

Director of Growth Equities, Senior Vice President and Senior Portfolio Manager

Neil M. McCarthy serves as the head of the Oppenheimer Growth Equity Investment Team which manages assets across several mutual funds, variable accounts and sub-advised portfolios. He is also the lead Senior Portfolio Manager of the Oppenheimer Rising Dividends Fund and has over 28 years of investment management experience.

 Mr. McCarthy joined the Oppenheimer Growth Equity Investment Team in January of 2007. From 2003 to 2006, he was the Chairman and Chief Investment Officer of the Windham Capital Management division of OFI Institutional Asset Management, Inc. where he oversaw the Investment Policy and Strategy Committee as well as the Portfolio Management Group.

 Prior to joining the Oppenheimer Funds family in 2003, Mr. McCarthy was the Founder, Chairman and Chief Executive Officer of a privately owned SEC registered investment advisory firm headquartered in New York City. His responsibilities included oversight and direction for all investment management activities, strategic planning and business operations. Mr. McCarthy began his career in the Institutional Equity Management Division of Bankers Trust Company.

Mr. McCarthy is a graduate of the College of the Holy Cross where he received his B.S. degree in Economics. He is a member of the Association for Investment Management and Research and the New York Society of Security Analysts.

TOM MURRAY

Vice President and Portfolio Manager

Tom Murray is a Vice President and Portfolio Manager responsible for co-managing the OFIPI Gulf, Large Cap Value and All Cap Value portfolios and is responsible for portfolio construction and risk management of those strategies. He joined the firm in June 2001.

Prior to joining OppenheimerFunds, Mr. Murray served as a senior investment management research analyst at Prudential Investments. Previously, he was an institutional sales associate with Prudential Securities and worked with Citibank’s Private Bank and Merrill Lynch.

Mr. Murray graduated Cum Laude with a B.S. in finance from CUNY Baruch College and holds an M.B.A. in finance from New York University’s Stern School of Business.

MITCHELL WILLIAMS, CFA

Vice President and Portfolio Manger

Mitch Williams is a Vice President and Portfolio Manager of Oppenheimer Select Value Fund and Oppenheimer Value Fund. Additionally, he serves as co-manager of Oppenheimer Equity Fund. Previously, Mr. Williams served as a Senior Research Analyst covering industrial and basic materials stocks for OppenheimerFunds’ Value investment team.

Prior to joining OppenheimerFunds in 2002, Mr. Williams was a vice president and equity research analyst for Evergreen Funds. Previously, he held equity research positions with Deutsche Bank and Credit Suisse First Boston and was a financial analyst with Barnett Bank & Trust Company.

Mr. Williams received a B.A. from the University of Florida and an M.B.A. in finance from New York University’s Stern School of Business, and is a CFA charterholder.

OFI Private Investments Inc. is a subsidiary of OppenheimerFunds, Inc., one of the largest and most respected mutual fund companies in the industry. OppenheimerFunds has been working to help clients achieve their long-term investment goals since 1960.

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