-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QAwEL2MNl3w94gSBaC/Ig5xqIHgaGdFj95sAl2emcegVCA03YZmq99hY3ZQ02sXs tChceSlzx8kjrjkm9Ol3wA== 0000728889-03-000071.txt : 20030206 0000728889-03-000071.hdr.sgml : 20030206 20030206151224 ACCESSION NUMBER: 0000728889-03-000071 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030206 EFFECTIVENESS DATE: 20030206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER VARIABLE ACCOUNT FUNDS CENTRAL INDEX KEY: 0000752737 IRS NUMBER: 840974272 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-93177 FILM NUMBER: 03542454 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 3036713200 MAIL ADDRESS: STREET 2: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER VARIABLE LIFE FUNDS DATE OF NAME CHANGE: 19860609 497 1 stickers2603.htm STICKERS stickers 
                    OPPENHEIMER STRATEGIC BOND FUND/VA
               (a series of Oppenheimer Variable Account Funds)
                   Supplement dated February 5, 2003 to the
                         Prospectus dated May 1, 2002

      The Prospectus is changed as follows:

1.    The  Prospectus  supplement  dated  May 1,  2002 is  replaced  with this
    supplement.

2.    In the  Annual  Total  Returns  chart  on page 5, the  vertical  axis is
    revised so that the number between 5% and -5% is 0% (not 20%).

3.    The paragraph  titled  "Portfolio  Managers" on page 8 of the Prospectus
    is deleted in its entirety and replaced with the following:

      |X|  Portfolio  Managers.  The  portfolio  manager  of the Fund is
      Arthur  P.   Steinmetz.   He  has  been  the  person   principally
      responsible   for  the   day-to-day   management   of  the  Fund's
      portfolio  since its inception in May 1993.  He is Vice  President
      of the Fund and Senior  Vice  President  of the  Manager.  He also
      serves as officer  and  portfolio  manager  for other  Oppenheimer
      funds.  Mr.  Steinmetz  has been  employed  by the  Manager  since
      1986.









February 5, 2003                                                 PS265.002



                       OPPENHEIMER HIGH INCOME FUND/VA
               (a series of Oppenheimer Variable Account Funds)
                   Supplement dated February 5, 2003 to the
                         Prospectus dated May 1, 2002

      The Prospectus is changed as follows:

1.    The  Prospectus  supplement  dated  June 25,  2002 is  replaced  by this
    supplement.

2.    The paragraph  titled  "Portfolio  Managers" on page 8 of the Prospectus
    is deleted in its entirety and replaced with the following:

      |X|  Portfolio  Managers.  The  portfolio  managers of the Fund are
      Arthur  P.  Steinmetz  and  Dimitrois  Kourkoulakos.  They  are the
      persons  principally  responsible for the day-to-day  management of
      the Fund's  portfolio,  Mr.  Steinmetz  since  February 5, 2003 and
      Mr.  Kourkoulakos  since June  2002.  Both are Vice  Presidents  of
      the  Fund,  and  Mr.   Kourkoulakos   is  Vice  President  and  Mr.
      Steinmetz  is  Senior  Vice  President  of the  Manager.  They also
      serve as officers  and  portfolio  managers  for other  Oppenheimer
      funds.  Mr.  Steinmetz  has been employed by the Manager since 1986
      and Mr. Kourkoulakos since 1995.









February 5, 2003                                                  PS640.002
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