[PG NUMBER]

Oppenheimer Strategic Bond Fund/VA
Period Ending 12-31-07
Exhibit 77 D

                       OPPENHEIMER STRATEGIC BOND FUND/VA
                    Supplement dated October 12, 2007, to the
                         Prospectus dated April 30, 2007

Effective October 31, 2007, this supplement amends the Prospectus of Oppenheimer
Strategic Bond Fund/VA (the "Fund"), dated April 30, 2007, as follows:

1. The section titled "The Fund's Investment Objective and Principal Investment
Strategies - What Does the Fund Mainly Invest In?" on page 2 of the Prospectus
is deleted in its entirety and replaced with the following:

   WHAT DOES THE FUND MAINLY INVEST IN? Under normal market conditions, the Fund
   invests at least 80% of its net assets (including any borrowings for
   investment purposes) in debt securities. The Fund invests mainly in debt
   securities of issuers in three market sectors: foreign governments and
   companies, U.S. government securities and lower rated high-yield securities
   of U.S. and foreign companies (commonly called "junk bonds"). Those debt
   securities typically include:

o        foreign government and U.S. government bonds and notes,
o        collateralized mortgage obligations (CMOs),
o        other mortgage-related securities and asset-backed securities,
o        participation interests in loans and investments in loan pools,
o        "structured" notes,
o        lower-grade, high-yield domestic and foreign corporate debt
         obligations, and "zero-coupon" or "stripped" securities.

   Under normal market conditions, the Fund invests in each of those three
   market sectors. However, the Fund is not required to invest in all three
   sectors at all times, and the amount of its assets in each of the three
   sectors will vary over time. The Fund can invest up to 100% of its assets in
   any one sector at any time, if the Fund's investment manager,
   OppenheimerFunds, Inc. (the "Manager"), believes that the Fund can achieve
   its objective without undue risk. The Fund can invest in issuers in any
   market capitalization range - large-cap, mid-cap and small-cap, and can buy
   securities having short-, medium-, or long-term maturities.

   The Fund's foreign investments can include debt securities of issuers in
   developed markets and emerging markets. The Fund also uses derivative
   investments for hedging purposes or for investment purposes. These include
   options, futures, forward contracts, mortgage-related securities, swaps and
   "structured" notes. The Fund's investments are more fully explained in "About
   the Fund's Investments," below.


2. The section titled "Other Investment Strategies - Participation Interests in
Loans" on pages 8-9 of the Prospectus is deleted in its entirety and replaced
with the following:


   Participation Interests in Loans and Loan Investment Pools. Participation
   interests in loans represent an undivided fractional interest in a loan
   obligation of a borrower. They are typically purchased from banks or dealers
   that have made the loan or are members of the loan syndicate. The Fund can
   also buy interests in trusts and other pooled entities that invest primarily
   or exclusively in loan obligations, including entities sponsored and/or
   advised by the Manager or an affiliate. The loans underlying these
   investments may include loans to foreign or U.S. borrowers, may be
   collateralized or uncollateralized and may be rated above or below investment
   grade or may be unrated. The Manager expects that from time to time
   investments in loan investment pools may exceed 15% of the Fund's net assets.

   These investments are subject to the risk of default by the borrower,
   interest rate and prepayment risk, as well as credit risks of the servicing
   agent of the participation interest or the pooled entity that holds the loan
   obligations. These risks can cause the Fund to lose money on its investment.






October 12, 2007 PS0265.005