0000728889-14-000151.txt : 20140203 0000728889-14-000151.hdr.sgml : 20140203 20140203092518 ACCESSION NUMBER: 0000728889-14-000151 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140203 DATE AS OF CHANGE: 20140203 EFFECTIVENESS DATE: 20140203 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: 14566671 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 S000010336 Oppenheimer Global Fund/VA

C000028596 Non-Service

C000028597 Service

C000028916 Class 3

C000028917 Class4

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Oppenheimer Global Fund/VA

Supplement dated February 3, 2014 to the

Prospectus and Statement of Additional Information

This supplement amends the Prospectus and Statement of Additional Information (“SAI”) of Oppenheimer Global Fund/VA (the “Fund”), each dated April 30, 2013, and is in addition to any other supplement(s).

Effective April 30, 2014, Class 3 Shares and Class 4 Shares of the Fund are reclassified as Non-Service Shares and Service Shares, respectively (the “Reclassification”). All references to Class 3 Shares and Class 4 Shares are deleted. The Reclassification is expected to be tax-free for the Fund and its shareholders; however, shareholders should consult a tax advisor with regard to their personal circumstances. Shareholder account statements issued after April 30, 2014 will reflect changes in connection with the Reclassification. Following the Reclassification, Class 3 Shares and Class 4 Shares will no longer be available for purchase.

February 3, 2014 PS0485.005