<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2000-02-14</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000829801</issuerCik>
        <issuerName>OPPENHEIMER MULTI SECTOR INCOME TRUST</issuerName>
        <issuerTradingSymbol>NYSE-OMS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000829801</rptOwnerCik>
            <rptOwnerName>OPPENHEIMER MULTI SECTOR INCOME TRUST</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6803 SOUTH TUCSON WAY</rptOwnerStreet1>
            <rptOwnerStreet2>N/A</rptOwnerStreet2>
            <rptOwnerCity>CENTENNIAL</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80112-3924</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Vice President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2000-02-14</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>7.75</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <remarks>If there are questions regarding this filing, please contact Kathleen Ives at 303-768-3331</remarks>

    <ownerSignature>
        <signatureName>/s/ Author J. Zimmer</signatureName>
        <signatureDate>2004-09-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
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X0202
4
2000-02-14
0
0000829801
OPPENHEIMER MULTI SECTOR INCOME TRUST
NYSE-OMS
0000829801
OPPENHEIMER MULTI SECTOR INCOME TRUST
6803 SOUTH TUCSON WAY
N/A
CENTENNIAL
CO
80112-3924
0
1
0
0
Vice President
Common Stock
2000-02-14
4
P
0
1500
7.75
A
1500
D
If there are questions regarding this filing, please contact Kathleen Ives at 303-768-3331
/s/ Author J. Zimmer
2004-09-15