Oppenheimer Files to Launch Institutional Treasury Money Market Fund. The new fund will have three share classes -- E, L, and P -- which will charge 0.19%, 0.19%, and 0.24% in expenses. The SEC filing says, "Oppenheimer Institutional Treasury Money Market Fund is a money market mutual fund. Its objective is to seek current income with liquidity and stability of principal. The Fund invests exclusively in U.S. Treasury bills, bonds and notes, and other obligations issued or guaranteed by the U.S. Treasury and repurchase agreements fully collateralized by such obligations." No date has been set yet for launch. See also, Bloomberg's "Lehman Bankruptcy Triggers Loss in Retirement Fund" and MarketWatch's "Tomorrow's headlines".
