-----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, OZD1dSkDrtrdoBpcLTW+b8fd1/SmbYDtc6aYZBwWOoxlVFbsAIWdeG06Ps/8Ud7F NRBiu+82C1fXASQFgeOaZQ== 0000728889-10-001538.txt : 20101006 0000728889-10-001538.hdr.sgml : 20101006 20101006105555 ACCESSION NUMBER: 0000728889-10-001538 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20101006 DATE AS OF CHANGE: 20101006 EFFECTIVENESS DATE: 20101006 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: 101111040 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 S000010334 Oppenheimer Capital Appreciation Fund C000028592 Non-Service C000028593 Service 497 1 saisticker.htm SAI SUPPLEMENT

OPPENHEIMER VARIABLE ACCOUNT FUNDS

Supplement dated October 6, 2010 to the

Statement of Additional Information dated April 30, 2010

This supplement amends the Statement of Additional Information of Oppenheimer Variable Account Funds (the “Trust”), dated April 30, 2010, and is in addition to the supplement dated May 28, 2010.
 

Sara J. Zervos is added as a portfolio manager of Oppenheimer Global Strategic Income Fund/VA (the "Fund"). She joins Arthur P. Steinmetz, Krishna Memani, Joseph Welsh and Caleb Wong as portfolio managers of the Fund.

In addition to managing the Fund's investment portfolio, Ms. Zervos also manages other investment portfolios and accounts on behalf of the Manager or its affiliates. The following table provides information regarding those other portfolios and accounts as of September 30, 2010. No portfolio or account has an advisory fee based on performance:
 

Portfolio Manager

Registered Investment Companies Managed

Total Assets in Registered Investment Companies Managed1

Other Pooled Investment Vehicles Managed

Total Assets in Other Pooled Investment Vehicles Managed1

Other Accounts Managed

Total Assets in Other Accounts Managed2

Sara J. Zervos3

2

$13,380

0

$0

0

$0

1. In millions.
2. Does not include personal account of portfolio manager and her family, which are subject to the Code of Ethics.

3. Ms. Zervos became a portfolio manager of the Fund on October 6, 2010.

As of October 6, 2010, Ms. Zervos did not beneficially own shares of the Fund.

October 6, 2010                                                                                      PX0610.020

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