-----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, NpXasO1zCcGCQLgXmt8K6CbQedInmuKMltzhI9gZbF46tnfEjsOWG5YTKkmTdsFq vOLn5RF+RAw5nYEGyssgJw== 0000728889-06-000949.txt : 20061012 0000728889-06-000949.hdr.sgml : 20061012 20061012153450 ACCESSION NUMBER: 0000728889-06-000949 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061012 DATE AS OF CHANGE: 20061012 EFFECTIVENESS DATE: 20061012 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: 061142025 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 3036713200 MAIL ADDRESS: STREET 1: 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 0000752737 S000010331 Oppenheimer Balanced Fund/VA C000028586 Non-Service C000028587 Service 0000752737 S000010332 Oppenheimer Value Fund/VA C000028588 Non-Service C000028589 Service 0000752737 S000010333 Oppenheimer Aggressive Growth Fund/VA C000028590 Non-Service C000028591 Service 0000752737 S000010334 Oppenheimer Capital Appreciation Fund C000028592 Non-Service C000028593 Service 0000752737 S000010335 Oppenheimer Core Bond Fund/VA C000028594 Non-Service C000028595 Service 0000752737 S000010336 Oppenheimer Global Securities/VA C000028596 Non-Service C000028597 Service C000028916 Class 3 C000028917 Class4 0000752737 S000010337 Oppenheimer High Income Fund/VA C000028598 Non-Service C000028599 Service 0000752737 S000010338 Oppenheimer Main Street Fund/VA C000028600 Non-Service C000028601 Service 0000752737 S000010339 Oppenheimer Main Street Small Cap Fund/VA C000028602 Non-Service C000028603 Service 0000752737 S000010340 Oppenheimer Money Fund/VA C000028604 Non-Service C000028605 Service 0000752737 S000010341 Oppenheimer Strategic Bond Fund/VA C000028606 Non-Service C000028607 Service 497 1 ovaf.htm COMPLEX WIDE SUPPLEMENT 
Oppenheimer Capital Income Fund           Oppenheimer Limited-Term Government
                                          Fund
Oppenheimer Convertible Securities Fund   Oppenheimer Main Street Small Cap Fund
Oppenheimer Core Bond Fund                Oppenheimer Quest International Value
                                          Fund, Inc.
Oppenheimer Discovery Fund                Oppenheimer Quest Value Fund, Inc.
Oppenheimer Dividend Growth Fund          Oppenheimer Principal Protected Fund
Oppenheimer Emerging Growth Fund          Oppenheimer Principal Protected Fund
                                          II
Oppenheimer Emerging Technologies Fund    Oppenheimer Principal Protected Fund
                                          III
Oppenheimer Enterprise Fund               Oppenheimer Real Estate Fund
Oppenheimer Equity Fund, Inc.             Oppenheimer Select Value Fund
Oppenheimer Gold & Special Minerals Fund  Oppenheimer Small- & Mid- Cap Value
                                          Fund
Oppenheimer Growth Fund                   Oppenheimer U.S. Government Trust
Oppenheimer International Diversified     Oppenheimer Variable Account Funds
Fund
Oppenheimer International Growth Fund     Panorama Series Fund, Inc.
Oppenheimer International Small Company   Portfolio Series
Fund
Oppenheimer International Value Fund


                        Prospectus Supplement dated October 12, 2006

     This supplement amends the Prospectus of each of the above-referenced Funds
(each a "Fund" and  together  the  "Funds")  and is in addition to any  existing
supplements.

     For each of the Funds,  effective  October 12, 2006 the Prospectus  section
titled "About the Fund's  Investments - Other Investment  Strategies" is amended
by adding the  following  paragraph  immediately  preceding  the section  titled
"Temporary Defensive and Interim Investments":

     Investments  in Oppenheimer  Institutional  Money Market Fund. The Fund can
invest its free cash balances in the Class E shares of Oppenheimer Institutional
Money  Market Fund,  to seek current  income  while  preserving  liquidity.  The
Oppenheimer  Institutional Money Market Fund is a registered open-end management
investment  company,  regulated  as a money  market  fund  under the  Investment
Company  Act of 1940,  as  amended.  It  invests  in a  variety  of  short-term,
high-quality,  dollar-denominated  money market  instruments  issued by the U.S.
government,  domestic and foreign corporations and financial  institutions,  and
other entities.  As a shareholder,  the Fund will be subject to its proportional
share of the  Oppenheimer  Institutional  Money Market  Fund's Class E expenses,
including  its advisory  fee.  However,  the Manager will waive a portion of the
Fund's  advisory  fee to the extent of the Fund's share of the advisory fee paid
by the Oppenheimer Institutional Money Market Fund.


October 12, 2006                                              PS0000.024
-----END PRIVACY-ENHANCED MESSAGE-----