0000728889-13-000357.txt : 20130228 0000728889-13-000357.hdr.sgml : 20130228 20130228100257 ACCESSION NUMBER: 0000728889-13-000357 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130228 DATE AS OF CHANGE: 20130228 EFFECTIVENESS DATE: 20130228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER VARIABLE ACCOUNT FUNDS CENTRAL INDEX KEY: 0000752737 IRS NUMBER: 840974272 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-93177 FILM NUMBER: 13649520 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 S000010332 Oppenheimer Value Fund/VA C000028588 Non-Service C000028589 Service 497 1 valueva497.htm FORM 497

OPPENHEIMER VALUE FUND/VA

 

Supplement dated February 28, 2013 to the

Prospectus dated April 30, 2012

 

This supplement amends the Prospectus of Oppenheimer Value Fund/VA (the “Fund”), dated April 30, 2012, and is in addition to any other supplements.

 

The Prospectus is revised as follows:

 

1.The section titled “Portfolio Managers,” on page 5, is deleted in its entirety and replaced with the following:

 

Portfolio Manager. Michael S. Levine, CFA, has been portfolio manager of the Fund since February 28, 2013. Effective as of March 11, 2013, Laton Spahr, CFA, replaces Mr. Levine as portfolio manager of the Fund.

 

 

2.The first two paragraphs of the section titled “Portfolio Manager,” on page 10, are deleted in their entirety and replaced with the following:

 

Portfolio Manager. The Fund's portfolio is managed by Michael S. Levine, CFA, who is primarily responsible for the day-to-day management of the Fund’s investments. Mr. Levine has been a portfolio manager of the Fund since February 28, 2013. He has been a Vice President of the Sub-Adviser since June 1998 and a Senior Portfolio Manager of the Sub-Adviser since September 2000. He is a portfolio manager and an officer of other portfolios in the OppenheimerFunds complex.

Effective as of March 11, 2013, the Fund’s portfolio is managed by Laton Spahr, CFA, who replaces Mr. Levine and is primarily responsible for the day-to-day management of the Fund’s investments. Mr. Spahr was a Senior Portfolio Manager for Columbia Management Investment Advisers, LLC from 2003 to 2013 and an Equity Analyst there from 2001 to 2002. He is a portfolio manager of other portfolios in the OppenheimerFunds complex.

 

3. Effective as of April 30, 2013, the Fund will change its name to “Oppenheimer Equity Income Fund/VA,” its investment objective and principal investment strategies will change, and Michael S. Levine will be the portfolio manager of the Fund.

 

 

 

 

February 28, 2013 PS0642.009