<SEC-DOCUMENT>0000728889-16-002521-index.html : 20160426
<SEC-HEADER>0000728889-16-002521.hdr.sgml : 20160426
<ACCEPTANCE-DATETIME>20160426144046
ACCESSION NUMBER:		0000728889-16-002521
CONFORMED SUBMISSION TYPE:	497K
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20160426
DATE AS OF CHANGE:		20160426
EFFECTIVENESS DATE:		20160426

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:		497K
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	002-93177
		FILM NUMBER:		161591675

	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
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000042879
<SERIES-NAME>Oppenheimer Global Multi-Alternatives Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000132845
<CLASS-CONTRACT-NAME>Non-Service Class
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000132846
<CLASS-CONTRACT-NAME>Service Class
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497K
<SEQUENCE>1
<FILENAME>globalmultialtva497k.htm
<TEXT>
Document 1 - file: globalmultialtva497k.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>pr2943img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: pr2943img001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>pr2943img000.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: pr2943img000.jpg

</DOCUMENT>
</SEC-DOCUMENT>