-----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, PHF7f4GFmI+LhO76t/9tcZTMoPoI/SCQmbe/KzqdNO0aRFx2ssN6PmJ1JoT+tNDg jNL+oxGkCd1mdEM7X2UIfA== 0000728889-10-000792.txt : 20100526 0000728889-10-000792.hdr.sgml : 20100526 20100525173244 ACCESSION NUMBER: 0000728889-10-000792 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100526 DATE AS OF CHANGE: 20100525 EFFECTIVENESS DATE: 20100526 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: 10857835 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 S000010340 Oppenheimer Money Fund/VA C000028604 Non-Service C000028605 Service 497 1 pspsupp.htm PROSPECTUS SUPPLEMENT

OPPENHEIMER MONEY FUND/VA

Supplement dated May 25, 2010 to the

Prospectus dated April 30, 2010

This supplement amends the Prospectus dated April 30, 2010 of the above-referenced fund (the "Fund").

1.     The section “Portfolio Manager,” on page 7, is deleted in its entirety and replaced by the following:

          Portfolio Managers. Carol E. Wolf has been a portfolio manager of the Fund since July 1998, and Christopher Proctor, CFA, has been a portfolio manager of the Fund since May 19, 2010.

2.     The section titled “Portfolio Manager” on page 14, is deleted in its entirety and replaced by the following:

Portfolio Managers. The Fund’s portfolio is managed by Carol E. Wolf, and Christopher Proctor, CFA, who are primarily responsible for the day-to-day management of the Fund’s investments. Ms. Wolf has been a portfolio manager of the Fund since July 1998. Mr. Proctor has been a portfolio manager of the Fund since May 19, 2010.

Ms. Wolf has been a Senior Vice President of the Manager since September 2000 and of HarbourView Asset Management Corporation since June 2003. She was Vice President of the Manager from June 1990 through June 2000. Ms. Wolf is an officer and portfolio manager of other funds for which the Manager or an affiliate serves as investment adviser.

Mr. Proctor has been a Vice President of the Manager since August 2008. Prior to joining the Manager, Mr. Proctor was a Vice President at Calamos Asset Management from January 2007 through March 2008 and Scudder-Kemper Investments from 1999 through 2002. Mr. Proctor was a Managing Director and Co-Founder of Elmhurst Capital Management from June 2004 through January 2007 and was a Senior Manager of Research for Etrade Global Asset Management from 2002 through 2004. Mr. Proctor is an officer and portfolio manager of other funds for which the Manager or an affiliate serves as investment adviser.

The Statement of Additional Information provides additional information about the portfolio managers’ compensation, other accounts they manage and their ownership of Fund shares.

May 25, 2010                                                                            PS0660.006

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