Common use of Disclaimer of Shareholder and Trustee Liability Clause in Contracts

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Growth Fund By: /s/ /s/Robert G. Zack ____________________________________ ------------------------ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ /s/James H. Ruff _____________________________________ ------------------------ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Emerging Technoloxxxx Xxxx By: /s/ Robert G. Zack ____________________________________ --------------------- Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ --------------------- James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Discovery Fund By: /s/ Robert G. Zack ____________________________________ ---------------------- Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ -------------------------- James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Emerging Growth Fuxx By: /s/ Robert G. Zack ________________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ________________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund By: /s/ Robert G. Zack __________________________________________ Robert G. Zack Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff __________________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan International Bond Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Vice President and Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Dividend Growth Xxxx By: /s/ Robert G. Zack ____________________________________ ------------------------------ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ ----------------------------- James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Equity Income Fund By: /s/ Robert G. Zack ________By: ____________________________ Robert G. Zack Vice President & Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _________By: ____________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund ROCHESTER FUND MUNICIPALS By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds DistributorOPPENHEIMERFUNDS DISTRIBUTOR, Inc. INC. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan MidCap Fund By: /s/ Robert G. Zack ______________________Phillip S. Gillespie______________ Robert G. Zack Phillip S. Gillespie, Assistant Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Transition 2030 Fund By: /s/ Robert G. Zack By: __________________________________________ Robert G. Zack Secretary Secretaxx OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff By: __________________________________________ James H. Ruff PresidentPresxxxxx

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Enterprise Fund By: /s/ Robert G. Zack ________________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ________________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The ---------------------------------------------------- Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Main Strexx Xxxxx Xxp Fund(R) By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Vice President and Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Capital Income Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Vice President & Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _______________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands ------------------------------------------------- that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Select Value Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Senior Floating Rate Fund By: /s/ /S/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Vice President & Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Growth Fund By: /s/ Robert G. Zack _________________________Zack___________ Robert G. Zack Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________H.Ruff________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Real Estate Fund By: /s/ Robert G. Zack ________________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ________________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Enterprise Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Small Cap Value Fxxx By: /s/ /s/Robert G. Zack ____________________________________ ----------------------------- Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ /s/James H. Ruff _____________________________________ ----------------------------- James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands ------------------------------------------------- that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Global Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Developing Marketx Xxxx By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Rochester Fund Muxxxxxxxx By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan International Dxxxxxxxxxx Fund By: /s/ By:/s/Robert G. Zack ____________________________________ --------------------------------------- Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ By:/s/James H. Ruff _____________________________________ --------------------------------------- James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund AMT-Free New York Xxxxxxxxxx By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund ROCHESTER FUND MUNICIPALS By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds DistributorOPPENHEIMERFUNDS DISTRIBUTOR, Inc. INC. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund By: AMT-Free Municipals /s/ Robert G. Zack ____________________________________ By: Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ By: James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Rochester Fund Municipals By: /s/ /s/Robert G. Zack ____________________________________ ------------------------ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ /s/James H. Ruff _____________________________________ ------------------------ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Capital Income Fund By: /s/ Robert G. Zack Xx: ________________________________________ Robert G. Zack Secretary Zack, Vice President & Secrxxxxx OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff Xx: ________________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Real Estate Fund By: /s/ Robert G. Zack ________________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ________________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Limited Term New York Municipal Fund By: /s/ /s/Robert G. Zack ____________________________________ ------------------------ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ /s/James H. Ruff _____________________________________ ------------------------ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Absolute Return Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Emerging Growth Fuxx By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Transition 2030 Fund By: /s/ Robert G. Zack _____By: _______________________________ Robert G. Zack Zack, Secretary OppenheimerFunds OppxxxxxxxxXxxxx Distributor, Inc. By: /s/ James H. Ruff ______By: _______________________________ James H. Ruff PresidentPresidexx

Disclaimer of Shareholder and Trustee Liability. The Distributor ---------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Global Opportunitxxx Xxxx By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Capital Appreciation Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Rochester Arizxxx Xxxxxxxal Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund U.S. Government Txxxx By: /s/ /s/Robert G. Zack ____________________________________ ----------------- Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ /s/James H. Ruff _____________________________________ -------------- James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Transition 2020 Fund By: /s/ Robert G. Zack By: ____________________________________ Robert G. Zack Secretary Secretarx OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff By: _____________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Real Estate Fund By: /s/ Robert G. Zack _____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Developing Marketx Xxxx By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, Vice President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Growth Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _______________Ruff______________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Dividexx Xxxxxx Xund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund Trust disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Limited Term New York Municipal Fund, a series of Rochester Portfolio Series By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Quest Internationax Xxxxx Xxxd, Inc. By: /s/ Robert G. Zack _________________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ________________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund Cash Reserves By: /s/ Robert G. Zack _______________Zackl _____________________ Robert G. Zack Zack, Vice President and Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Real Estate Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan China Fund By: /s/ Robert G. Zack __________________________________________ Robert G. Zack Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff __________________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund By: Gold & Special Minxxxxx Xxxx /s/ Robert G. Zack Xx: ________________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff Xx: _______________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor ------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Interxxxxxxxx Xxversified Fund By: /s/ /s/Robert G. Zack ____________________________________ -------------------------------------- Robert G. Zack Secretary OppenheimerFunds Distributor, Inc. By: /s/ /s/James H. Ruff _____________________________________ -------------------------------------- James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund AMT-Free New York Xxxxxxxxxx By: /s/ Robert G. Zack ____________________________________ Zac Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Bond Fund By: /s/ Robert G. Zack ____________________________________ ------------------------------------ Robert G. Zack Vice President and Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ ------------------------------------ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan China Fund By: /s/ Robert G. Zack ____________________________________ Robert G. Zack Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ James H. Ruff President

Disclaimer of Shareholder and Trustee Liability. The Distributor ----------------------------------------------- understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Growth Fund By: /s/ /s/Robert G. Zack ____________________________________ ----------------------------------- Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ /s/James H. Ruff _____________________________________ ----------------------------------- James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Fund International Valxx Xxxx a series of Oppenheimer International Valxx Trust By: /s/ Robert G. Zack ________________________________________ Robert G. Zack Zack, Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ________________________________________ James H. Ruff Ruff, President

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Baring Japan Dividxxx Xxxxxx Fund By: /s/ Robert G. Zack ____________________________________ -------------------------------- Robert G. Zack Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff _____________________________________ --------------------------------- James H. Ruff President