ROCSOP-Oppenheimer Global Securities Fund/VA
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Net investment income (loss) and net realized gain (loss) may differ for
financial statement and tax purposes. The character of dividends and
distributions made during the fiscal year from net investment income or net
realized gains may differ from their ultimate characterization for federal
income tax purposes. Also, due to timing of dividends and distributions, the
fiscal year in which amounts are distributed may differ from the fiscal year in
which the income or net realized gain was recorded by the Fund.

Accordingly, the following amounts have been reclassified for December 31, 2007.
Net assets of the Fund were unaffected by the reclassifications.


                                   INCREASE TO       REDUCTION TO
                               ACCUMULATED NET    ACCUMULATED NET
              INCREASE TO           INVESTMENT      REALIZED GAIN
              PAID-IN CAPITAL           INCOME   ON INVESTMENTS 4
              ---------------------------------------------------
              $ 19,582,006          $ 4,898,592        $ 24,480,598


4. $19,582,006, including $18,977,345 of long-term capital gain,was distributed
in connection with Fund share redemptions.