Oppenheimer Champion Income Fund, Inc. Notice

March 11, 2009 – Robbins Arroyo LLP announced today that a class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of purchasers of Oppenheimer Champion Income Fund, Inc. (NASDAQ: OPCHX, NASDAQ: OCHBX, NASDAQ: OCHCX, NASDAQ: OCHNX, NASDAQ: OCHYX) offered by OppenheimerFunds, Inc. (“OppenheimerFunds”) between November 1, 2006 and December 31, 2008 (the “Class Period”).

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Brian Robbins of Robbins Arroyo at (800) 350-6033 or (619) 525-3990, or via email at caseinfo@robbinsarroyo.com. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.