-----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, R6j5FpPDID84o7qJp6SJVls8pQziRxH9jo85NBZ26dxmESkItEA5u0fkdzbDQSsu dc8pW9r1fOiS9yq1O6CUiw== 0000728889-03-000297.txt : 20030506 0000728889-03-000297.hdr.sgml : 20030506 20030506160556 ACCESSION NUMBER: 0000728889-03-000297 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030506 EFFECTIVENESS DATE: 20030506 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: 03684393 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 pspxovaf006016050603.htm PS0670.006/PX0600.016 OVAF 497 497 PS0670.006 Multiple Strategies Fund/VA and SAI OVAFPX0600.016 
                   OPPENHEIMER MULTIPLE STRATEGIES FUND/VA
                A Series of Oppenheimer Variable Account Funds
                     Supplement dated May 2, 2003 to the
                         Prospectus dated May 1, 2003

   The Prospectus is changed as follows:

1.    The following is added as the second sentence in the paragraph titled
   "Portfolio Managers" on page 10 of the Prospectus:

      "Christopher  Leavy  oversees the value team which assists Mr.  Ferreira
      and Mr. Manioudakis."

2.    The following is added at the end of the paragraph titled "Portfolio
   Managers" on page 10 of the Prospectus:

      "Mr. Leavy is a Senior Vice  President of the Manager.  Prior to joining
      the Manager in  September  2000,  Mr.  Leavy was a portfolio  manager of
      Morgan Stanley Dean Witter Investment Management (from 1997)."




      May 2, 2003                                     PS0670.006


               OPPENHEIMER VARIABLE ACCOUNT FUNDS (the "Trust")
    is an investment company consisting of 11 separate Funds (the "Funds"):
                    Oppenheimer Aggressive Growth Fund/VA
                           Oppenheimer Bond Fund/VA
                   Oppenheimer Capital Appreciation Fund/VA
                    Oppenheimer Global Securities Fund/VA
                       Oppenheimer High Income Fund/VA
                       Oppenheimer Main Street Fund(R)/VA
      (named "Oppenheimer Main Street(R)Growth & Income Fund" prior to May 1,
2003)
                  Oppenheimer Main Street Small Cap Fund(R)/VA
                          Oppenheimer Money Fund/VA
                   Oppenheimer Multiple Strategies Fund/VA
                      Oppenheimer Strategic Bond Fund/VA
                          Oppenheimer Value Fund/VA

                     Supplement dated May 2, 2003 to the
            Statement of Additional Information dated May 1, 2003

      The Statement of Additional Information is changed as follows:

1.    The following is added as the sixth sentence in the paragraph titled
      "The Investment Advisory Agreements" on page 56 of the Statement of
      Additional Information:

            "For Multiple Strategies Fund/VA, this includes Christopher
            Leavy."




May 2, 2003                                                       PX0600.016
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