-----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, PTZR2LE5K9sFv6fVFyZgIIOWUYZDi9pnWFn+Jv43IpRpRiTJTS0gxuwrvfH/540E pU4ocbPUUN8XHGTm4nNdCw== 0000728889-10-000576.txt : 20100331 0000728889-10-000576.hdr.sgml : 20100331 20100331111441 ACCESSION NUMBER: 0000728889-10-000576 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100331 DATE AS OF CHANGE: 20100331 EFFECTIVENESS DATE: 20100331 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: 10717127 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 S000010333 Oppenheimer MidCap Fund/VA C000028590 Non-Service C000028591 Service 497 1 sticker.htm

OPPENHEIMER MIDCAP FUND/VA

Supplement dated March 31, 2010 to the

Prospectus dated April 30, 2009

This supplement amends the Prospectus of Oppenheimer MidCap Fund/VA (the "Fund"), dated April 30, 2009 and is in addition to the supplement dated March 1, 2010.

1.     The following paragraph will be added after the fourth full paragraph under the sub-section titled “Advisory Fees” on page 16 of the Prospectus:

Effective April 1, 2010 through August 31, 2010, the Manager has voluntarily agreed to waive its advisory fee by 0.05% of the Fund's average daily net assets. This voluntary waiver will be applied after all other waivers and/or reimbursements and may be withdrawn at any time.

March 31, 2010                                                                                                                                                                                                      PS0620.009

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