-----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, GS+a0eLPHqUitMYplv8tg/g1Ls5Mc44xukC8+/TnVbWpoySEo7uPVX3Qyre2XUL+ Z4RdNpH5puWWlkAcTysAGg== 0000728889-04-000479.txt : 20040721 0000728889-04-000479.hdr.sgml : 20040721 20040721160606 ACCESSION NUMBER: 0000728889-04-000479 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040721 EFFECTIVENESS DATE: 20040721 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: 04924493 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 ps001sup497globalsec072104.htm PS0485.001 OVAF - GLOBAL SECURITIES FUND/VA 497 Global Securities Fund/VA PS485.001 Supplement 
                  Oppenheimer Global Securities Fund/VA
             (a series of Oppenheimer Variable Account Funds)
                  Supplement dated July 21, 2004 to the
                     Prospectus dated April 29, 2004

This  supplement  amends the Prospectus of Oppenheimer  Global  Securities
Fund/VA  (the  "Fund"),  a  series  of the  Oppenheimer  Variable  Account
Funds,  and is in  addition  to any  existing  supplements  to the  Fund's
Prospectus.

The section  titled  "Portfolio  Managers" on page 7 of the  Prospectus is
replaced with the following:

            Portfolio  Managers.  Effective  August  1,  2004,
            the  portfolio  managers  of the Fund are  William
            Wilby  and  Rajeev  Bhaman.  They are the  persons
            principally   responsible   for   the   day-to-day
            management of the Fund's  portfolio.  Mr. Wilby is
            a Vice  President  of the Fund  and a Senior  Vice
            President  of the Manager  (since  July 1994).  He
            has been the person  principally  responsible  for
            the   day-to-day    management   of   the   Fund's
            portfolio  since  December  1995.  Mr. Bhaman is a
            Vice   President  of  the  Manager  and  portfolio
            manager  of  other  Oppenheimer  funds.  Prior  to
            joining OFI in 1996,  Mr.  Bhaman was  employed at
            Barclays  de Zoete  Wedd  Inc.,  concentrating  on
            Asian  research and  research  sales.  Mr.  Bhaman
            holds  a  B.A.   and  an   M.B.A.   from   Cornell
            University as well as an M.B.A.  in  International
            Business  from  the  Katholieke   Universiteit  te
            Leuven in  Belgium.  He is a  Chartered  Financial
            Analyst.


July 21, 2004                                                   PS0485.001
-----END PRIVACY-ENHANCED MESSAGE-----