0000728889-14-001516.txt : 20141210 0000728889-14-001516.hdr.sgml : 20141210 20141210140156 ACCESSION NUMBER: 0000728889-14-001516 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141210 DATE AS OF CHANGE: 20141210 EFFECTIVENESS DATE: 20141210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER DEVELOPING MARKETS FUND CENTRAL INDEX KEY: 0001015986 IRS NUMBER: 936305075 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-05579 FILM NUMBER: 141277627 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER INTERNATIONAL GROWTH FUND CENTRAL INDEX KEY: 0001005728 IRS NUMBER: 133867060 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-00201 FILM NUMBER: 141277628 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 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: 141277629 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER GLOBAL FUND CENTRAL INDEX KEY: 0000074658 IRS NUMBER: 132649093 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-31661 FILM NUMBER: 141277630 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER AIM FUND INC DATE OF NAME CHANGE: 19870201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER QUEST FOR VALUE FUNDS CENTRAL INDEX KEY: 0000817982 IRS NUMBER: 136977079 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-15489 FILM NUMBER: 141277631 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: QUEST FOR VALUE FAMILY OF FUNDS DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: QUEST FOR VALUE INVESTMENT TRUST DATE OF NAME CHANGE: 19890508 FORMER COMPANY: FORMER CONFORMED NAME: QUEST FOR VALUE U S GOVERNMENT INCOME TRUST DATE OF NAME CHANGE: 19880421

0000074658 S000007023 OPPENHEIMER GLOBAL FUND

C000019196 A

C000019197 B

C000019198 C

C000019199 R

C000019200 Y

C000109848 I

0000752737 S000010336 Oppenheimer Global Fund/VA

C000028596 Non-Service

C000028597 Service

0000752737 S000044083 Oppenheimer International Gowth Fund/VA

C000136819 Non-Service

C000136820 Service

0000817982 S000007305 Oppenheimer Global Allocation Fund

C000020061 A

C000020062 B

C000020063 C

C000020064 R

C000020065 Y

C000110967 I

0001005728 S000007073 OPPENHEIMER INTERNATIONAL GROWTH FUND

C000019299 A

C000019300 B

C000019301 C

C000019302 R

C000019303 Y

C000112119 I

0001015986 S000006967 OPPENHEIMER DEVELOPING MARKETS FUND

C000019011 A

C000019012 B

C000019013 C

C000019014 R

C000019015 Y

C000109466 I

497 1 sticker121014.htm

Oppenheimer Developing Markets Fund	Oppenheimer Global Fund/VA
Oppenheimer Global Allocation Fund	Oppenheimer International Growth Fund
Oppenheimer Global Fund	Oppenheimer International Growth Fund/VA

Supplement dated December 10, 2014 to the

Statement of Additional Information

This supplement amends the Statement of Additional Information (“SAI”) of each of the above referenced funds (each, a “Fund”), and is in addition to any other supplement(s).

The following is added to the section titled “Other Investment Techniques and Strategies” or “Other Investments and Investment Strategies” of each Fund’s SAI:

Loans of Portfolio Securities. The Fund may lend securities to broker-dealers and other parties to earn income or for other purposes. There are certain risks in connection with securities lending, including possible delays in receiving additional collateral to secure a loan, or a delay or expenses in recovery of the loaned securities. The Fund receives collateral from the borrowers consisting of cash or securities of the U.S. government (or its agencies or instrumentalities). On each business day, the amount of collateral that the Fund has received must at least equal the value of the loaned securities or the Fund will take steps to terminate the loan. If the Fund receives cash collateral from the borrower, the Sub-Adviser, may cause that cash to be invested in certain high quality, short-term investments, including in money market funds. The Fund will be subject to its proportional share of the expenses of such money market funds, including management fees. A collateral administration fee will also be charged on the value of cash collateral invested. The Fund will be responsible for the risks associated with the investment of cash collateral, including the risk that the Fund may lose money on the investment or may fail to earn sufficient income to meet its obligations to the borrower. If a borrower defaults on its obligation to return the securities loaned, the Fund could experience delays and costs in recovering the securities or in gaining access to the collateral. The Fund’s participation in loans of securities also may affect the amount, timing and character of distributions to shareholders. With respect to any security subject to a securities loan, any (i) amounts received by the Fund in place of dividends earned on the security during the period that such security was not directly held by the Fund may not give rise to qualified dividend income and (ii) withholding taxes accrued on dividends during the period that such security was not directly held by the Fund will not qualify as a foreign tax paid by the Fund, and therefore cannot be passed through to shareholders even if the Fund meets the requirements described in “Distributions and Taxes,” below.

The following is added to the section titled “Qualification and Taxation as a Regulated Investment Company-Failure to Qualify” in each Fund’s SAI:

As discussed above, the Fund needs to satisfy certain requirements relating to the source of its income, diversification of assets, and distribution of income, in order to qualify for favorable U.S. federal tax treatment as a regulated investment company (“RIC”). If the Fund enters into derivative financial instrument or similar transactions, it will consider the requirements for qualification as a RIC, the expected tax treatment of such transactions, as well as the applicable regulatory rules and authorities. However, there may be no direct authority specifically addressing the application of the rules applicable to RICs to certain potential derivative financial instrument activities, including for instance securities lending activities, that may be entered into by the Fund. As a result, in certain cases, the tax treatment of an activity entered into by the Company may be uncertain and there can be no assurance that the tax authorities in question or a court of law, will agree with the Fund’s characterization of a transaction in applying the qualification requirements for tax treatment as a RIC, or with respect to the recognition of income, deductions, gain, or loss, or any liability for taxes arising from such transaction.

December 10, 2014 PS0000.128