-----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, R7vzKLtTKs8/bJOtbFmB9Plr1TwajY2cP1dDbHSiu9mFw/fJjnG9CkPWqcXNWOto 8E2kWeTm788FjYmIhi05uQ== 0000728889-04-000370.txt : 20040616 0000728889-04-000370.hdr.sgml : 20040616 20040616135939 ACCESSION NUMBER: 0000728889-04-000370 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040616 EFFECTIVENESS DATE: 20040616 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: 04865921 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 ps007msscap497ovaf.htm OVAF MAIN STREET SMALL CAP FUND/VA-497(E) 497 OVAF Main Street Small Cap Fund (PS0297.007) 
                  OPPENHEIMER MAIN STREET SMALL CAP FUND/VA
               (a series of Oppenheimer Variable Account Funds)
                    Supplement dated June 16, 2004 to the
                       Prospectus dated April 29, 2004

      The Prospectus is changed as follows:

1.    The  following  paragraph  is  added to the end of the  section  titled,
    "About the Fund's Investments - Other Investment Strategies" on page 8:

      Loans  of  Portfolio  Securities.  The  Fund  has  entered  into a
      Securities  Lending  Agreement  with JP Morgan  Chase.  Under that
      agreement,  portfolio  securities  of the  Fund may be  loaned  to
      brokers,   dealers   and   other   financial   institutions.   The
      Securities   Lending   Agreement   provides  that  loans  must  be
      adequately  collateralized  and may be only in conformity with the
      Fund's  Securities  Lending  Guidelines,  adopted  by  the  Fund's
      Board of  Trustees.  The value of the  securities  loaned  may not
      exceed 25% of the value of the Fund's net assets.


June 16, 2004                                                   PS0297.007
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