Fund Currently Managed

Oppenheimer International Small Company/A (OSMAX) co-manager since December 2000; sole manager since January 2004

Investment Style Overview

Uses strictly bottom-up research to identify small-cap stocks around the world with high sales growth in new businesses or industries undergoing structural changes. Constructs a concentrated portfolio.

Key Stock Selection Criteria

*High sales growth

*High operating margins

*High return on equity

Key Sell Criteria

*Stock reaches $2.5-billion market cap

*Stock reaches fair value

*Fundamentals deteriorate

Biographical Notes

Rohit Sah joined OppenheimerFunds in 1996 as an emerging markets analyst in the fixed income department. In December 2000, he moved to the equity team as an international equity analyst specializing in small companies. Prior to joining Oppenheimer, Sah finished his Ph.D. in economics from Columbia University. He also holds a bachelor’s degree in mechanical engineering from I.I.T., Kanpur, India.