-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IwI87TErztSnTD8oH74lbOQT43HqgOFzf27YBCZ5BAZpD0LrA2jWsrQuz27mycRP dfOQ85gj5FW5yT5Gh5WVmQ== 0000752737-97-000001.txt : 19970228 0000752737-97-000001.hdr.sgml : 19970228 ACCESSION NUMBER: 0000752737-97-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970227 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER VARIABLE ACCOUNT FUNDS CENTRAL INDEX KEY: 0000752737 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 840974272 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-04108 FILM NUMBER: 97545320 BUSINESS ADDRESS: STREET 1: 3410 S GALENA ST CITY: DENVER STATE: CO ZIP: 80231 BUSINESS PHONE: 3036713200 MAIL ADDRESS: STREET 2: 3410 S GALENA ST CITY: DENVER STATE: CO ZIP: 80231 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER VARIABLE LIFE FUNDS DATE OF NAME CHANGE: 19860609 NSAR-B 1 N-SAR (3.0.A) PAGE 1 000 B000000 12/31/96 000 C000000 0000752737 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 000 J000000 U 001 A000000 OPPENHEIMER VARIABLE ACCOUNT FUNDS 001 B000000 811-4108 001 C000000 3036713200 002 A000000 3410 SOUTH GALENA STREET 002 B000000 DENVER 002 C000000 CO 002 D010000 80231 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 9 007 C010100 1 007 C020100 OPPENHEIMER MONEY FUND 007 C030100 N 007 C010200 2 007 C020200 OPPENHEIMER BOND FUND 007 C030200 N 007 C010300 3 007 C020300 OPPENHEIMER GROWTH FUND 007 C030300 N 007 C010400 4 007 C020400 OPPENHEIMER HIGH INCOME FUND 007 C030400 N 007 C010500 5 007 C020500 OPPENHEIMER CAPTIAL APPRECIATION FUND 007 C030500 N 007 C010600 6 007 C020600 OPPENHEIMER MULTIPLE STRATEGIES FUND 007 C030600 N 007 C010700 7 007 C020700 OPPENHEIMER GLOBAL SECURITIES FUND 007 C030700 N 007 C010800 8 007 C020800 OPPENHEIMER STRATEGIC BOND FUND 007 C030800 N 007 C010900 9 007 C020900 OPPENHEIMER GROWTH & INCOME FUND 007 C030900 N 007 C011000 10 018 00AA00 Y PAGE 2 019 A00AA00 N 019 B00AA00 0 020 A000001 GOLDMAN, SACHS & CO. 020 B000001 13-5108880 020 C000001 197 020 A000002 CANTOR, FITZGERALD & CO., INC. 020 B000002 95-1786286 020 C000002 141 020 A000003 BARCLAYS DE ZOETE WEDD SECURITIES, INC. 020 B000003 13-3551367 020 C000003 127 020 A000004 FIRST BOSTON CORP. (THE) 020 B000004 13-5659485 020 C000004 127 020 A000005 COUNTY NATWEST SECURITIES CORP. 020 B000005 13-3312778 020 C000005 87 020 A000006 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP. 020 B000006 13-2741729 020 C000006 92 020 A000007 BEAR SECURITIES CORP. 020 B000007 13-3299429 020 C000007 75 020 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. 020 B000008 13-5674085 020 C000008 68 020 A000009 BRIDGE TRADING CO. 020 B000009 43-1034850 020 C000009 61 020 A000010 KLEINWORT BENSON NORTH AMERICA, INC. 020 B000010 13-2647786 020 C000010 56 021 000000 3214 022 A000001 ZION FIRST NATIONAL BANK 022 B000001 87-0189025 022 C000001 16944400 022 D000001 0 022 A000002 MORGAN GUARANTY TRUST CO. 022 B000002 13-5123346 022 C000002 15367467 022 D000002 0 022 A000003 PAINEWEBBER, INC. 022 B000003 13-2638166 022 C000003 10366324 022 D000003 47417 022 A000004 GOLDMAN, SACHS & CO. 022 B000004 13-5108880 022 C000004 8218369 022 D000004 164024 022 A000005 FIRST CHICAGO CAPITAL MARKET 022 B000005 36-3595942 PAGE 3 022 C000005 6750437 022 D000005 0 022 A000006 CANADIAN IMPERIAL BANK OF COMMERCE 022 B000006 FOREIGN 022 C000006 3269300 022 D000006 0 022 A000007 LEHMAN BROTHERS, INC. 022 B000007 13-2518466 022 C000007 397318 022 D000007 70056 022 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. 022 B000008 13-5674085 022 C000008 317181 022 D000008 103976 022 A000009 SALOMON BROTHERS, INC. 022 B000009 13-3082694 022 C000009 163176 022 D000009 79856 022 A000010 MORGAN STANLEY & CO., INC. 022 B000010 13-2655998 022 C000010 142803 022 D000010 91041 023 C000000 64120345 023 D000000 1632871 049 00AA00 N 050 00AA00 N 051 00AA00 N 052 00AA00 N 053 A00AA00 Y 053 B00AA00 Y 053 C00AA00 N 054 A00AA00 Y 054 B00AA00 Y 054 C00AA00 Y 054 D00AA00 N 054 E00AA00 N 054 F00AA00 N 054 G00AA00 Y 054 H00AA00 Y 054 I00AA00 N 054 J00AA00 Y 054 K00AA00 N 054 L00AA00 Y 054 M00AA00 Y 054 N00AA00 N 054 O00AA00 Y 058 A00AA00 N 059 00AA00 Y 060 A00AA00 Y 060 B00AA00 Y 061 00AA00 0 PAGE 4 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 Y 077 K000000 N 077 L000000 N 077 M000000 Y 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A00AA00 ICI MUTUAL INSURANCE 080 C00AA00 72000 081 A00AA00 Y 081 B00AA00 85 082 A00AA00 N 082 B00AA00 0 083 A00AA00 N 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 Y 085 B00AA00 N 028 A010100 32944 028 A020100 456 028 A030100 0 028 A040100 17233 028 B010100 27247 028 B020100 495 028 B030100 0 028 B040100 36352 028 C010100 15679 028 C020100 587 028 C030100 0 028 C040100 22880 028 D010100 30942 028 D020100 443 028 D030100 0 028 D040100 24829 028 E010100 22609 028 E020100 454 028 E030100 0 PAGE 5 028 E040100 34751 028 F010100 47221 028 F020100 587 028 F030100 0 028 F040100 28487 028 G010100 176642 028 G020100 3022 028 G030100 0 028 G040100 164532 028 H000100 0 055 A000100 Y 055 B000100 N 056 000100 N 057 000100 N 062 A000100 Y 062 B000100 0.0 062 C000100 3.8 062 D000100 0.0 062 E000100 0.0 062 F000100 0.0 062 G000100 0.0 062 H000100 1.0 062 I000100 82.8 062 J000100 0.0 062 K000100 0.0 062 L000100 10.0 062 M000100 0.0 062 N000100 0.0 062 O000100 0.0 062 P000100 0.0 062 Q000100 0.0 062 R000100 0.0 063 A000100 29 063 B000100 0.0 064 A000100 Y 064 B000100 N 070 A010100 Y 070 A020100 Y 070 B010100 N 070 B020100 N 070 C010100 N 070 C020100 N 070 D010100 N 070 D020100 N 070 E010100 N 070 E020100 N 070 F010100 N 070 F020100 N 070 G010100 N 070 G020100 N 070 H010100 N PAGE 6 070 H020100 N 070 I010100 N 070 I020100 N 070 J010100 Y 070 J020100 Y 070 K010100 Y 070 K020100 N 070 L010100 Y 070 L020100 Y 070 M010100 N 070 M020100 N 070 N010100 Y 070 N020100 N 070 O010100 N 070 O020100 N 070 P010100 Y 070 P020100 N 070 Q010100 N 070 Q020100 N 070 R010100 N 070 R020100 N 071 A000100 0 071 B000100 0 071 C000100 0 071 D000100 0 072 A000100 12 072 B000100 5465 072 C000100 0 072 D000100 0 072 E000100 0 072 F000100 446 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A020200 0 028 A030200 0 028 A040200 5400 028 B010200 12192 028 B020200 0 028 B030200 0 PAGE 8 028 B040200 11346 028 C010200 8945 028 C020200 5365 028 C030200 0 028 C040200 8285 028 D010200 6872 028 D020200 0 028 D030200 0 028 D040200 6346 028 E010200 7927 028 E020200 0 028 E030200 0 028 E040200 2821 028 F010200 70105 028 F020200 6366 028 F030200 0 028 F040200 5314 028 G010200 131181 028 G020200 11731 028 G030200 0 028 G040200 39512 028 H000200 0 055 A000200 Y 055 B000200 N 056 000200 N 057 000200 N 062 A000200 Y 062 B000200 0.0 062 C000200 0.0 062 D000200 3.3 062 E000200 0.0 062 F000200 0.0 062 G000200 0.0 062 H000200 0.0 062 I000200 0.2 062 J000200 0.0 062 K000200 0.0 062 L000200 2.8 062 M000200 38.8 062 N000200 18.9 062 O000200 0.4 062 P000200 18.2 062 Q000200 23.0 062 R000200 1.0 063 A000200 0 063 B000200 12.8 064 A000200 N 064 B000200 N 070 A010200 Y 070 A020200 Y 070 B010200 N PAGE 9 070 B020200 N 070 C010200 Y 070 C020200 Y 070 D010200 N 070 D020200 N 070 E010200 Y 070 E020200 Y 070 F010200 N 070 F020200 N 070 G010200 N 070 G020200 N 070 H010200 N 070 H020200 N 070 I010200 N 070 I020200 N 070 J010200 Y 070 J020200 Y 070 K010200 Y 070 K020200 N 070 L010200 Y 070 L020200 Y 070 M010200 Y 070 M020200 Y 070 N010200 Y 070 N020200 N 070 O010200 N 070 O020200 N 070 P010200 Y 070 P020200 Y 070 Q010200 N 070 Q020200 N 070 R010200 N 070 R020200 N 071 A000200 449994 071 B000200 218747 071 C000200 265855 071 D000200 82 072 A000200 12 072 B000200 22104 072 C000200 119 072 D000200 0 072 E000200 0 072 F000200 2188 072 G000200 0 072 H000200 0 072 I000200 0 072 J000200 39 072 K000200 0 072 L000200 0 072 M000200 5 072 N000200 69 PAGE 10 072 O000200 0 072 P000200 0 072 Q000200 0 072 R000200 10 072 S000200 3 072 T000200 0 072 U000200 0 072 V000200 0 072 W000200 8 072 X000200 2322 072 Y000200 0 072 Z000200 19901 072AA000200 5711 072BB000200 3441 072CC010200 0 072CC020200 4742 072DD010200 20181 072DD020200 0 072EE000200 133 073 A010200 0.7400 073 A020200 0.0000 073 B000200 0.0070 073 C000200 0.0000 074 A000200 284 074 B000200 14000 074 C000200 12544 074 D000200 423512 074 E000200 4146 074 F000200 0 074 G000200 0 074 H000200 0 074 I000200 173 074 J000200 105 074 K000200 0 074 L000200 6337 074 M000200 516 074 N000200 461617 074 O000200 34639 074 P000200 0 074 Q000200 0 074 R010200 0 074 R020200 0 074 R030200 136 074 R040200 403 074 S000200 0 074 T000200 426439 074 U010200 36675 074 U020200 0 074 V010200 11.63 074 V020200 0.00 074 W000200 0.0000 PAGE 11 074 X000200 0 074 Y000200 46916 075 A000200 0 075 B000200 296253 076 000200 0.00 028 A010300 6782 028 A020300 0 028 A030300 0 028 A040300 5563 028 B010300 15228 028 B020300 0 028 B030300 0 028 B040300 9947 028 C010300 7090 028 C020300 0 028 C030300 0 028 C040300 1017 028 D010300 18605 028 D020300 0 028 D030300 0 028 D040300 13245 028 E010300 25884 028 E020300 0 028 E030300 0 028 E040300 13388 028 F010300 104753 028 F020300 0 028 F030300 0 028 F040300 13365 028 G010300 178342 028 G020300 0 028 G030300 0 028 G040300 56525 028 H000300 0 055 A000300 Y 055 B000300 N 056 000300 N 057 000300 N 062 A000300 N 062 B000300 0.0 062 C000300 0.0 062 D000300 0.0 062 E000300 0.0 062 F000300 0.0 062 G000300 0.0 062 H000300 0.0 062 I000300 0.0 062 J000300 0.0 062 K000300 0.0 062 L000300 0.0 062 M000300 0.0 PAGE 12 062 N000300 0.0 062 O000300 0.0 062 P000300 0.0 062 Q000300 0.0 062 R000300 0.0 063 A000300 0 063 B000300 0.0 070 A010300 Y 070 A020300 Y 070 B010300 Y 070 B020300 N 070 C010300 N 070 C020300 N 070 D010300 Y 070 D020300 N 070 E010300 N 070 E020300 N 070 F010300 Y 070 F020300 N 070 G010300 Y 070 G020300 N 070 H010300 N 070 H020300 N 070 I010300 N 070 I020300 N 070 J010300 Y 070 J020300 N 070 K010300 Y 070 K020300 N 070 L010300 Y 070 L020300 N 070 M010300 N 070 M020300 N 070 N010300 Y 070 N020300 N 070 O010300 Y 070 O020300 N 070 P010300 Y 070 P020300 Y 070 Q010300 N 070 Q020300 N 070 R010300 N 070 R020300 N 071 A000300 117544 071 B000300 78446 071 C000300 120026 071 D000300 65 072 A000300 12 072 B000300 1546 072 C000300 1314 072 D000300 0 PAGE 13 072 E000300 0 072 F000300 1139 072 G000300 0 072 H000300 0 072 I000300 0 072 J000300 31 072 K000300 0 072 L000300 0 072 M000300 2 072 N000300 45 072 O000300 0 072 P000300 0 072 Q000300 0 072 R000300 10 072 S000300 4 072 T000300 0 072 U000300 0 072 V000300 0 072 W000300 5 072 X000300 1236 072 Y000300 27 072 Z000300 1651 072AA000300 20713 072BB000300 3612 072CC010300 52525 072CC020300 0 072DD010300 1310 072DD020300 0 072EE000300 8707 073 A010300 0.2500 073 A020300 0.0000 073 B000300 1.6700 073 C000300 0.0000 074 A000300 403 074 B000300 73000 074 C000300 6849 074 D000300 0 074 E000300 116 074 F000300 202552 074 G000300 0 074 H000300 0 074 I000300 0 074 J000300 6577 074 K000300 0 074 L000300 475 074 M000300 5 074 N000300 289977 074 O000300 3847 074 P000300 0 074 Q000300 0 074 R010300 0 PAGE 14 074 R020300 0 074 R030300 0 074 R040300 210 074 S000300 0 074 T000300 285920 074 U010300 10495 074 U020300 0 074 V010300 27.24 074 V020300 0.00 074 W000300 0.0000 074 X000300 0 074 Y000300 0 075 A000300 0 075 B000300 152466 076 000300 0.00 028 A010400 10054 028 A020400 0 028 A030400 0 028 A040400 4753 028 B010400 6338 028 B020400 0 028 B030400 0 028 B040400 4427 028 C010400 9185 028 C020400 3745 028 C030400 0 028 C040400 4215 028 D010400 6295 028 D020400 0 028 D030400 0 028 D040400 14783 028 E010400 10087 028 E020400 0 028 E030400 0 028 E040400 3157 028 F010400 12451 028 F020400 4177 028 F030400 0 028 F040400 1407 028 G010400 54410 028 G020400 7922 028 G030400 0 028 G040400 32742 028 H000400 0 045 000400 Y 046 000400 N 047 000400 Y 048 000400 0.000 048 A010400 200000 048 A020400 0.750 048 B010400 200000 PAGE 15 048 B020400 0.720 048 C010400 200000 048 C020400 0.690 048 D010400 200000 048 D020400 0.660 048 E010400 200000 048 E020400 0.600 048 F010400 0 048 F020400 0.000 048 G010400 0 048 G020400 0.000 048 H010400 0 048 H020400 0.000 048 I010400 0 048 I020400 0.000 048 J010400 0 048 J020400 0.000 048 K010400 1000000 048 K020400 0.500 055 A000400 Y 055 B000400 N 056 000400 N 057 000400 N 062 A000400 Y 062 B000400 0.0 062 C000400 0.0 062 D000400 6.8 062 E000400 0.0 062 F000400 0.0 062 G000400 0.0 062 H000400 0.0 062 I000400 0.0 062 J000400 0.0 062 K000400 0.0 062 L000400 3.4 062 M000400 0.0 062 N000400 0.0 062 O000400 0.8 062 P000400 61.0 062 Q000400 16.1 062 R000400 10.7 063 A000400 0 063 B000400 7.1 064 A000400 N 064 B000400 Y 065 000400 N 070 A010400 Y 070 A020400 Y 070 B010400 N 070 B020400 N 070 C010400 Y PAGE 16 070 C020400 Y 070 D010400 Y 070 D020400 N 070 E010400 Y 070 E020400 N 070 F010400 N 070 F020400 N 070 G010400 Y 070 G020400 N 070 H010400 N 070 H020400 N 070 I010400 N 070 I020400 N 070 J010400 Y 070 J020400 Y 070 K010400 Y 070 K020400 N 070 L010400 Y 070 L020400 Y 070 M010400 Y 070 M020400 Y 070 N010400 Y 070 N020400 N 070 O010400 N 070 O020400 N 070 P010400 Y 070 P020400 Y 070 Q010400 N 070 Q020400 N 070 R010400 N 070 R020400 N 071 A000400 216285 071 B000400 177884 071 C000400 142353 071 D000400 125 072 A000400 12 072 B000400 14989 072 C000400 723 072 D000400 0 072 E000400 0 072 F000400 1178 072 G000400 0 072 H000400 0 072 I000400 0 072 J000400 59 072 K000400 0 072 L000400 0 072 M000400 3 072 N000400 18 072 O000400 0 072 P000400 0 PAGE 17 072 Q000400 0 072 R000400 13 072 S000400 4 072 T000400 0 072 U000400 0 072 V000400 0 072 W000400 6 072 X000400 1281 072 Y000400 0 072 Z000400 14431 072AA000400 7537 072BB000400 4203 072CC010400 4840 072CC020400 0 072DD010400 15283 072DD020400 0 072EE000400 0 073 A010400 1.0500 073 A020400 0.0000 073 B000400 0.0000 073 C000400 0.0000 074 A000400 1661 074 B000400 12900 074 C000400 6559 074 D000400 148846 074 E000400 15122 074 F000400 3249 074 G000400 0 074 H000400 0 074 I000400 2269 074 J000400 2034 074 K000400 0 074 L000400 2737 074 M000400 220 074 N000400 195597 074 O000400 3986 074 P000400 0 074 Q000400 0 074 R010400 0 074 R020400 0 074 R030400 86 074 R040400 232 074 S000400 0 074 T000400 191293 074 U010400 17186 074 U020400 0 074 V010400 11.13 074 V020400 0.00 074 W000400 0.0000 074 X000400 0 074 Y000400 10768 PAGE 18 075 A000400 0 075 B000400 157203 076 000400 0.00 028 A010500 31884 028 A020500 0 028 A030500 0 028 A040500 33514 028 B010500 48128 028 B020500 0 028 B030500 0 028 B040500 20127 028 C010500 36009 028 C020500 0 028 C030500 0 028 C040500 18143 028 D010500 42443 028 D020500 0 028 D030500 0 028 D040500 16912 028 E010500 35392 028 E020500 0 028 E030500 0 028 E040500 8551 028 F010500 44900 028 F020500 0 028 F030500 0 028 F040500 17965 028 G010500 238756 028 G020500 0 028 G030500 0 028 G040500 115212 028 H000500 0 055 A000500 N 055 B000500 N 056 000500 N 057 000500 N 062 A000500 N 062 B000500 0.0 062 C000500 0.0 062 D000500 0.0 062 E000500 0.0 062 F000500 0.0 062 G000500 0.0 062 H000500 0.0 062 I000500 0.0 062 J000500 0.0 062 K000500 0.0 062 L000500 0.0 062 M000500 0.0 062 N000500 0.0 062 O000500 0.0 PAGE 19 062 P000500 0.0 062 Q000500 0.0 062 R000500 0.0 070 A010500 Y 070 A020500 Y 070 B010500 Y 070 B020500 N 070 C010500 N 070 C020500 N 070 D010500 Y 070 D020500 N 070 E010500 N 070 E020500 N 070 F010500 Y 070 F020500 N 070 G010500 Y 070 G020500 N 070 H010500 N 070 H020500 N 070 I010500 N 070 I020500 N 070 J010500 Y 070 J020500 Y 070 K010500 Y 070 K020500 N 070 L010500 Y 070 L020500 Y 070 M010500 N 070 M020500 N 070 N010500 Y 070 N020500 N 070 O010500 Y 070 O020500 N 070 P010500 Y 070 P020500 Y 070 Q010500 N 070 Q020500 N 070 R010500 N 070 R020500 N 071 A000500 507743 071 B000500 384247 071 C000500 383782 071 D000500 100 072 A000500 12 072 B000500 4761 072 C000500 256 072 D000500 0 072 E000500 0 072 F000500 3383 072 G000500 0 072 H000500 0 PAGE 20 072 I000500 0 072 J000500 38 072 K000500 0 072 L000500 0 072 M000500 4 072 N000500 72 072 O000500 0 072 P000500 0 072 Q000500 0 072 R000500 10 072 S000500 5 072 T000500 0 072 U000500 0 072 V000500 0 072 W000500 9 072 X000500 3521 072 Y000500 0 072 Z000500 1496 072AA000500 83022 072BB000500 53452 072CC010500 42247 072CC020500 0 072DD010500 1133 072DD020500 0 072EE000500 21289 073 A010500 0.1100 073 A020500 0.0000 073 B000500 2.0670 073 C000500 0.0000 074 A000500 1370 074 B000500 138000 074 C000500 0 074 D000500 4544 074 E000500 0 074 F000500 481893 074 G000500 0 074 H000500 0 074 I000500 0 074 J000500 3398 074 K000500 0 074 L000500 832 074 M000500 7 074 N000500 630044 074 O000500 9598 074 P000500 0 074 Q000500 0 074 R010500 0 074 R020500 0 074 R030500 0 074 R040500 3054 074 S000500 0 PAGE 21 074 T000500 617392 074 U010500 15950 074 U020500 0 074 V010500 38.71 074 V020500 0.00 074 W000500 0.0000 074 X000500 0 074 Y000500 2055 075 A000500 0 075 B000500 467080 076 000500 0.00 028 A010600 5493 028 A020600 0 028 A030600 0 028 A040600 3125 028 B010600 8663 028 B020600 0 028 B030600 0 028 B040600 1574 028 C010600 5526 028 C020600 5024 028 C030600 0 028 C040600 1865 028 D010600 7412 028 D020600 0 028 D030600 0 028 D040600 2800 028 E010600 8391 028 E020600 0 028 E030600 0 028 E040600 2685 028 F010600 6210 028 F020600 5191 028 F030600 0 028 F040600 5360 028 G010600 41695 028 G020600 10215 028 G030600 0 028 G040600 17409 028 H000600 0 055 A000600 Y 055 B000600 N 056 000600 N 057 000600 N 062 A000600 N 062 B000600 0.0 062 C000600 0.0 062 D000600 0.0 062 E000600 0.0 062 F000600 0.0 062 G000600 0.0 PAGE 22 062 H000600 0.0 062 I000600 0.0 062 J000600 0.0 062 K000600 0.0 062 L000600 0.0 062 M000600 0.0 062 N000600 0.0 062 O000600 0.0 062 P000600 0.0 062 Q000600 0.0 062 R000600 0.0 070 A010600 Y 070 A020600 Y 070 B010600 Y 070 B020600 Y 070 C010600 N 070 C020600 N 070 D010600 Y 070 D020600 N 070 E010600 N 070 E020600 N 070 F010600 N 070 F020600 N 070 G010600 N 070 G020600 N 070 H010600 N 070 H020600 N 070 I010600 N 070 I020600 N 070 J010600 Y 070 J020600 Y 070 K010600 Y 070 K020600 N 070 L010600 Y 070 L020600 Y 070 M010600 Y 070 M020600 Y 070 N010600 Y 070 N020600 N 070 O010600 Y 070 O020600 N 070 P010600 Y 070 P020600 Y 070 Q010600 N 070 Q020600 N 070 R010600 N 070 R020600 N 071 A000600 211489 071 B000600 146222 071 C000600 362720 071 D000600 40 PAGE 23 072 A000600 12 072 B000600 20240 072 C000600 3975 072 D000600 0 072 E000600 0 072 F000600 3133 072 G000600 0 072 H000600 0 072 I000600 0 072 J000600 81 072 K000600 0 072 L000600 0 072 M000600 9 072 N000600 29 072 O000600 0 072 P000600 0 072 Q000600 0 072 R000600 14 072 S000600 8 072 T000600 0 072 U000600 0 072 V000600 0 072 W000600 14 072 X000600 3288 072 Y000600 0 072 Z000600 20927 072AA000600 27598 072BB000600 9003 072CC010600 22792 072CC020600 0 072DD010600 21291 072DD020600 0 072EE000600 9273 073 A010600 0.7400 073 A020600 0.0000 073 B000600 0.3450 073 C000600 0.0000 074 A000600 383 074 B000600 73600 074 C000600 0 074 D000600 193311 074 E000600 2630 074 F000600 220811 074 G000600 0 074 H000600 0 074 I000600 142 074 J000600 383 074 K000600 0 074 L000600 4008 074 M000600 8 074 N000600 495276 PAGE 24 074 O000600 8379 074 P000600 0 074 Q000600 0 074 R010600 0 074 R020600 0 074 R030600 2402 074 R040600 210 074 S000600 0 074 T000600 484285 074 U010600 30993 074 U020600 0 074 V010600 15.63 074 V020600 0.00 074 W000600 0.0000 074 X000600 0 074 Y000600 19838 075 A000600 0 075 B000600 428277 076 000600 0.00 028 A010700 12798 028 A020700 0 028 A030700 0 028 A040700 28102 028 B010700 21814 028 B020700 0 028 B030700 0 028 B040700 10286 028 C010700 14667 028 C020700 0 028 C030700 0 028 C040700 4647 028 D010700 39106 028 D020700 0 028 D030700 0 028 D040700 6831 028 E010700 17987 028 E020700 0 028 E030700 0 028 E040700 14512 028 F010700 23501 028 F020700 0 028 F030700 0 028 F040700 7986 028 G010700 129873 028 G020700 0 028 G030700 0 028 G040700 72364 028 H000700 0 055 A000700 Y 055 B000700 N 056 000700 N PAGE 25 057 000700 N 062 A000700 N 062 B000700 0.0 062 C000700 0.0 062 D000700 0.0 062 E000700 0.0 062 F000700 0.0 062 G000700 0.0 062 H000700 0.0 062 I000700 0.0 062 J000700 0.0 062 K000700 0.0 062 L000700 0.0 062 M000700 0.0 062 N000700 0.0 062 O000700 0.0 062 P000700 0.0 062 Q000700 0.0 062 R000700 0.0 070 A010700 Y 070 A020700 Y 070 B010700 Y 070 B020700 N 070 C010700 Y 070 C020700 N 070 D010700 Y 070 D020700 N 070 E010700 Y 070 E020700 N 070 F010700 Y 070 F020700 N 070 G010700 Y 070 G020700 N 070 H010700 Y 070 H020700 N 070 I010700 N 070 I020700 N 070 J010700 Y 070 J020700 Y 070 K010700 Y 070 K020700 Y 070 L010700 Y 070 L020700 Y 070 M010700 Y 070 M020700 Y 070 N010700 Y 070 N020700 N 070 O010700 Y 070 O020700 N 070 P010700 Y 070 P020700 Y PAGE 26 070 Q010700 N 070 Q020700 N 070 R010700 N 070 R020700 N 071 A000700 508437 071 B000700 396822 071 C000700 441616 071 D000700 90 072 A000700 12 072 B000700 2558 072 C000700 6285 072 D000700 0 072 E000700 0 072 F000700 3396 072 G000700 0 072 H000700 0 072 I000700 0 072 J000700 293 072 K000700 0 072 L000700 0 072 M000700 5 072 N000700 44 072 O000700 0 072 P000700 0 072 Q000700 0 072 R000700 15 072 S000700 5 072 T000700 0 072 U000700 0 072 V000700 0 072 W000700 9 072 X000700 3767 072 Y000700 0 072 Z000700 5076 072AA000700 51315 072BB000700 39539 072CC010700 59144 072CC020700 0 072DD010700 0 072DD020700 0 072EE000700 0 073 A010700 0.0000 073 A020700 0.0000 073 B000700 0.0000 073 C000700 0.0000 074 A000700 249 074 B000700 60500 074 C000700 4979 074 D000700 0 074 E000700 9756 074 F000700 513200 PAGE 27 074 G000700 0 074 H000700 0 074 I000700 0 074 J000700 966 074 K000700 0 074 L000700 1197 074 M000700 2392 074 N000700 593239 074 O000700 10464 074 P000700 0 074 Q000700 0 074 R010700 0 074 R020700 0 074 R030700 0 074 R040700 695 074 S000700 0 074 T000700 582080 074 U010700 32946 074 U020700 0 074 V010700 17.67 074 V020700 0.00 074 W000700 0.0000 074 X000700 0 074 Y000700 2764 075 A000700 0 075 B000700 466750 076 000700 0.00 028 A010800 7453 028 A020800 0 028 A030800 0 028 A040800 1039 028 B010800 5252 028 B020800 0 028 B030800 0 028 B040800 953 028 C010800 4092 028 C020800 1852 028 C030800 0 028 C040800 1094 028 D010800 6289 028 D020800 0 028 D030800 0 028 D040800 589 028 E010800 6069 028 E020800 0 028 E030800 0 028 E040800 635 028 F010800 9269 028 F020800 2279 028 F030800 0 028 F040800 1239 PAGE 28 028 G010800 38424 028 G020800 4131 028 G030800 0 028 G040800 5549 028 H000800 0 045 000800 Y 046 000800 N 047 000800 Y 048 000800 0.000 048 A010800 200000 048 A020800 0.750 048 B010800 200000 048 B020800 0.720 048 C010800 200000 048 C020800 0.690 048 D010800 200000 048 D020800 0.660 048 E010800 200000 048 E020800 0.600 048 F010800 0 048 F020800 0.000 048 G010800 0 048 G020800 0.000 048 H010800 0 048 H020800 0.000 048 I010800 0 048 I020800 0.000 048 J010800 0 048 J020800 0.000 048 K010800 1000000 048 K020800 0.500 055 A000800 Y 055 B000800 N 056 000800 N 057 000800 N 062 A000800 Y 062 B000800 0.0 062 C000800 0.0 062 D000800 0.0 062 E000800 0.0 062 F000800 0.0 062 G000800 0.0 062 H000800 0.0 062 I000800 0.0 062 J000800 0.0 062 K000800 0.0 062 L000800 4.0 062 M000800 21.7 062 N000800 18.4 062 O000800 0.0 062 P000800 23.5 PAGE 29 062 Q000800 35.9 062 R000800 3.1 063 A000800 0 063 B000800 11.7 064 A000800 Y 064 B000800 N 070 A010800 Y 070 A020800 Y 070 B010800 Y 070 B020800 N 070 C010800 Y 070 C020800 Y 070 D010800 Y 070 D020800 N 070 E010800 Y 070 E020800 Y 070 F010800 N 070 F020800 N 070 G010800 N 070 G020800 N 070 H010800 N 070 H020800 N 070 I010800 N 070 I020800 N 070 J010800 Y 070 J020800 Y 070 K010800 Y 070 K020800 N 070 L010800 Y 070 L020800 Y 070 M010800 Y 070 M020800 Y 070 N010800 Y 070 N020800 N 070 O010800 Y 070 O020800 N 070 P010800 Y 070 P020800 Y 070 Q010800 N 070 Q020800 N 070 R010800 N 070 R020800 N 071 A000800 173856 071 B000800 107646 071 C000800 74609 071 D000800 144 072 A000800 12 072 B000800 7601 072 C000800 103 072 D000800 0 072 E000800 0 PAGE 30 072 F000800 618 072 G000800 0 072 H000800 0 072 I000800 0 072 J000800 48 072 K000800 0 072 L000800 0 072 M000800 1 072 N000800 17 072 O000800 0 072 P000800 0 072 Q000800 0 072 R000800 6 072 S000800 5 072 T000800 0 072 U000800 0 072 V000800 0 072 W000800 4 072 X000800 699 072 Y000800 0 072 Z000800 7005 072AA000800 3456 072BB000800 1621 072CC010800 1164 072CC020800 0 072DD010800 6892 072DD020800 0 072EE000800 0 073 A010800 0.3900 073 A020800 0.0000 073 B000800 0.0000 073 C000800 0.0000 074 A000800 1078 074 B000800 0 074 C000800 4714 074 D000800 118144 074 E000800 2816 074 F000800 614 074 G000800 0 074 H000800 0 074 I000800 273 074 J000800 448 074 K000800 0 074 L000800 2252 074 M000800 181 074 N000800 130520 074 O000800 10988 074 P000800 0 074 Q000800 0 074 R010800 0 074 R020800 0 PAGE 31 074 R030800 184 074 R040800 632 074 S000800 0 074 T000800 118716 074 U010800 23316 074 U020800 0 074 V010800 5.09 074 V020800 0.00 074 W000800 0.0000 074 X000800 0 074 Y000800 31514 075 A000800 0 075 B000800 82604 076 000800 0.00 028 A010900 4082 028 A020900 0 028 A030900 0 028 A040900 1948 028 B010900 3409 028 B020900 0 028 B030900 0 028 B040900 108 028 C010900 3856 028 C020900 101 028 C030900 0 028 C040900 21 028 D010900 4261 028 D020900 0 028 D030900 0 028 D040900 80 028 E010900 5681 028 E020900 0 028 E030900 0 028 E040900 1335 028 F010900 5585 028 F020900 136 028 F030900 0 028 F040900 1571 028 G010900 26874 028 G020900 237 028 G030900 0 028 G040900 5063 028 H000900 0 055 A000900 Y 055 B000900 N 056 000900 N 057 000900 N 062 A000900 N 062 B000900 0.0 062 C000900 0.0 062 D000900 0.0 PAGE 32 062 E000900 0.0 062 F000900 0.0 062 G000900 0.0 062 H000900 0.0 062 I000900 0.0 062 J000900 0.0 062 K000900 0.0 062 L000900 0.0 062 M000900 0.0 062 N000900 0.0 062 O000900 0.0 062 P000900 0.0 062 Q000900 0.0 062 R000900 0.0 070 A010900 Y 070 A020900 Y 070 B010900 Y 070 B020900 Y 070 C010900 Y 070 C020900 N 070 D010900 Y 070 D020900 N 070 E010900 N 070 E020900 N 070 F010900 Y 070 F020900 N 070 G010900 Y 070 G020900 N 070 H010900 Y 070 H020900 N 070 I010900 N 070 I020900 N 070 J010900 Y 070 J020900 Y 070 K010900 Y 070 K020900 N 070 L010900 Y 070 L020900 Y 070 M010900 Y 070 M020900 Y 070 N010900 Y 070 N020900 N 070 O010900 Y 070 O020900 N 070 P010900 Y 070 P020900 Y 070 Q010900 N 070 Q020900 N 070 R010900 N 070 R020900 N 071 A000900 58041 PAGE 33 071 B000900 22632 071 C000900 20094 071 D000900 113 072 A000900 12 072 B000900 280 072 C000900 240 072 D000900 0 072 E000900 0 072 F000900 161 072 G000900 0 072 H000900 0 072 I000900 0 072 J000900 28 072 K000900 0 072 L000900 0 072 M000900 2 072 N000900 11 072 O000900 0 072 P000900 0 072 Q000900 0 072 R000900 6 072 S000900 3 072 T000900 0 072 U000900 0 072 V000900 0 072 W000900 5 072 X000900 216 072 Y000900 0 072 Z000900 304 072AA000900 3763 072BB000900 1105 072CC010900 2698 072CC020900 0 072DD010900 292 072DD020900 0 072EE000900 31 073 A010900 0.1400 073 A020900 0.0000 073 B000900 0.0500 073 C000900 0.0000 074 A000900 348 074 B000900 3000 074 C000900 0 074 D000900 4437 074 E000900 2517 074 F000900 35063 074 G000900 0 074 H000900 0 074 I000900 2282 074 J000900 0 074 K000900 0 PAGE 34 074 L000900 187 074 M000900 3 074 N000900 47837 074 O000900 755 074 P000900 0 074 Q000900 0 074 R010900 0 074 R020900 0 074 R030900 0 074 R040900 73 074 S000900 0 074 T000900 47009 074 U010900 2871 074 U020900 0 074 V010900 16.37 074 V020900 0.00 074 W000900 0.0000 074 X000900 0 074 Y000900 1885 075 A000900 0 075 B000900 21562 076 000900 0.00 SIGNATURE GEORGE C. BOWEN TITLE TREASURER EX-27 2
6 752737 OPPENHEIMER STRATEGIC BOND FUND 8 OPPENHEIMER VARIABLE ACCOUNT FUNDS 12-MOS DEC-31-1996 JAN-01-1996 DEC-31-1996 123,793,236 126,561,270 2,699,913 3,551 1,255,764 130,520,498 10,988,361 0 815,727 11,804,088 0 114,926,697 23,316,322 12,250,929 751,089 0 33,221 0 3,005,403 118,716,410 102,704 7,601,520 0 699,448 7,004,776 1,835,670 1,164,352 10,004,798 0 6,891,899 0 0 12,624,581 2,946,444 1,387,256 58,618,797 483,938 (1,648,175) 0 0 618,338 0 699,448 82,604,000 4.91 0.38 0.19 0.39 0.00 0.00 5.09 0.85 0 0.00

EX-27 3
6 752737 Oppenheimer Global Securities Fund 7 Oppenheimer Variable Account Funds 12-MOS DEC-31-1996 JAN-01-1996 DEC-31-1996 507,602,388 588,435,102 2,162,280 7,129 2,634,134 593,238,645 10,463,998 0 694,458 11,158,456 0 508,449,760 32,946,137 24,067,821 7,724,243 0 (17,047,799) 0 82,953,985 582,080,189 6,284,482 2,558,378 0 3,767,130 5,075,730 11,775,734 59,143,734 75,995,198 0 0 0 0 14,595,634 5,717,318 0 221,101,356 0 (26,173,952) 1,068 0 3,395,740 0 3,767,130 466,750,000 15.00 0.15 2.52 0.00 0.00 0.00 17.67 0.81 0 0.00

EX-27 4
6 752737 Oppenheimer Growth Fund 3 Oppenheimer Variable Account Funds 12-MOS DEC-31-1996 JAN-01-1996 DEC-31-1996 225,461,748 282,517,247 7,051,947 5,364 402,646 289,977,204 3,846,972 0 210,082 4,057,054 0 210,289,842 10,495,044 4,997,725 1,631,413 0 16,943,396 0 57,055,499 285,920,150 1,313,796 1,546,005 0 1,208,832 1,650,969 17,101,200 14,349,688 33,101,857 0 1,310,185 8,706,724 0 9,031,405 3,964,366 430,280 168,210,260 1,290,629 8,548,920 0 0 1,139,255 0 1,236,108 152,466,000 23.55 0.15 5.46 0.25 1.67 0.00 27.24 0.79 0 0.00

EX-27 5
6 752737 OPPENHEIMER CAPITAL APPRECIATION FUND 5 OPPENHEIMER VARIABLE ACCOUNT FUNDS 12-MOS DEC-31-1996 JAN-01-1996 DEC-31-1996 519,731,267 624,437,033 4,229,564 7,041 1,370,404 630,044,042 9,598,112 0 3,053,658 12,651,770 0 481,442,351 15,949,976 9,512,651 1,479,312 0 29,248,149 0 105,222,460 617,392,272 255,664 4,761,662 0 3,520,989 1,496,337 29,569,670 42,247,113 73,313,120 0 1,132,964 21,289,429 0 12,247,492 6,453,749 643,582 291,988,181 1,115,939 20,967,908 0 0 3,382,840 0 3,520,989 467,080,000 34.21 0.09 6.59 0.11 2.07 0.00 38.71 0.75 0 0.00

EX-27 6
6 752737 Oppenheimer Bond Fund 2 OPPENHEIMER VARIABLE ACCOUNT FUNDS 12-MOS DEC-31-1996 JAN-01-1996 DEC-31-1996 449,692,946 454,375,154 6,441,913 22,853 777,182 461,617,102 34,639,233 0 538,924 35,178,157 0 418,133,217 36,675,439 17,842,418 1,873,402 0 1,330,823 0 5,101,503 426,438,945 118,899 22,103,878 0 2,321,691 19,901,086 2,269,644 (4,742,040) 17,428,690 0 20,181,337 133,010 0 21,886,664 4,827,959 1,774,316 215,207,175 1,342,481 5,361 0 0 2,188,350 0 2,321,691 296,253,000 11.84 0.69 (0.15) 0.74 0.01 0.00 11.63 0.78 0 0.00

EX-27 7
6 752737 Oppenheimer High Income Fund 4 Oppenheimer Variable Account Funds 12-MOS DEC-31-1996 JAN-01-1996 DEC-31-1996 178,526,490 188,944,878 4,770,819 5,662 1,875,687 195,597,046 3,985,947 0 317,726 4,303,673 0 180,181,078 17,186,015 12,551,582 913,946 0 (367,314) 0 10,565,663 191,293,373 722,664 14,989,197 0 1,280,918 14,430,943 3,333,591 4,840,420 22,604,954 0 15,283,448 0 0 9,857,582 6,635,862 1,412,713 57,842,593 1,473,129 (3,407,583) 0 0 1,177,754 0 1,280,918 157,203,000 10.63 0.97 0.58 1.05 0.00 0.00 11.13 0.81 0 0.00

EX-27 8
6 752737 Oppenheimer Growth & Income Fund 9 Oppenheimer Variable Account Funds 12-MOS DEC-31-1996 JAN-01-1996 DEC-31-1996 44,096,129 47,299,233 187,104 3,067 347,450 47,836,854 755,000 0 72,610 827,610 0 41,140,854 2,870,820 342,794 12,643 0 2,652,643 0 3,203,104 47,009,244 239,716 279,949 0 216,019 303,556 2,657,756 2,697,929 5,659,241 0 291,690 31,219 0 2,942,183 435,180 21,023 42,720,793 0 27,201 318 0 160,819 0 216,109 21,562,000 12.51 0.14 3.91 0.14 0.05 0.00 16.37 1.00 0 0.00

EX-27 9
6 752737 OPPENHEIMER MONEY FUND 1 OPPENHEIMER VARIABLE ACCOUNT FUNDS 12-MOS DEC-31-1996 JAN-01-1996 DEC-31-1996 126,653,598 126,653,598 3,554,078 5,797 46,464 130,259,937 0 0 541,417 541,417 0 129,733,901 129,733,922 65,404,807 0 0 (15,381) 0 0 129,718,520 0 5,465,680 0 489,426 4,976,254 2,966 0 4,979,220 0 4,976,254 0 0 368,042,547 308,637,087 4,923,661 64,332,060 0 (18,347) 0 0 445,899 0 489,426 99,263,000 1.00 0.05 0.00 0.05 0.00 0.00 1.00 0.49 0 0.00

EX-27 10
6 752737 Oppenheimer Multiple Strategies Fund 6 OPPENHEIMER VARIABLE ACCOUNT FUNDS 12-MOS DEC-31-1996 JAN-01-1996 DEC-31-1996 424,386,458 490,493,991 4,391,493 8,366 382,731 495,276,581 8,378,745 0 2,612,356 10,991,101 0 400,616,188 30,992,794 26,212,235 961,193 0 17,756,534 0 64,951,565 484,285,480 3,975,470 20,239,476 0 3,287,937 20,927,009 18,594,692 22,792,094 62,313,795 0 21,290,805 9,273,309 0 5,556,735 2,838,629 2,062,453 103,022,316 1,361,279 8,398,861 0 0 3,132,569 0 3,287,937 428,277,000 14.55 0.72 1.45 0.74 0.35 0.00 15.63 0.77 0 0.00

EX-2 11 9. ACQUISITIONS On June 3, 1996, OMF acquired a portion of the net assets of Panorama Series Fund, Inc. - Money Market Portfolio. The Fund issued 49,302,270 shares of beneficial interest, valued at $49,302,270, in exchange for the net assets, resulting in combined net assets of $113,051,628 on June 3, 1996. On December 2, 1996, OMF acquired the remaining net assets of Panorama Series Fund, Inc. - Money Market Portfolio. The Fund issued 14,666,548 shares of beneficial interest, valued at $14,666,521, in exchange for the net assets, resulting in combined net assets of $124,845,270 on December 2, 1996. On May 1, June 3 and December 2, 1996, OBF acquired all the net assets of Panorama Series Fund, Inc., Income Portfolio. The Fund issued 12,999, 6,743,062 and 2,493,592 shares of beneficial interest, respectively, valued at $148,965, $77,208,064 and $29,830,130, respectively, in exchange for the net assets, resulting in combined net assets of $227,552,225, $308,666,225 and $396,656,585. On May 1, 1996, OBF acquired a portion of the net assets of Panorama Series Fund, Inc., Government Securities Portfolio. The Fund issued 4,237 shares of beneficial interest valued at $48,557, in exchange for the net assets, resulting in combined net assets of $227,552,225 on May 1, 1996. On December 20, 1996, OBF acquired all the net assets of JP Investment Grade Bond Fund, Inc., pursuant to an agreement and plan of reorganization approved by the JP Investment Grade Bond Fund, Inc. shareholders on December 3, 1996. The Fund issued 2,594,896 shares of beneficial interest valued at $30,151,368, in exchange for the net assets, resulting in combined net assets of $426,447,902 on December 20, 1996. The net assets acquired included net unrealized appreciation of $1,017,069. The exchange qualifies as a tax-free reorganization for federal income tax purposes. On December 20, 1996, OGF acquired all the net assets of JP Capital Appreciation Fund, Inc., pursuant to an agreement and plan of reorganization approved by the JP Capital Appreciation Fund, Inc. shareholders on December 3, 1996. The Fund issued 3,293,050 shares of beneficial interest, valued at $90,009,399, in exchange for the net assets, resulting in combined net assets of $289,484,969 on December 20, 1996. The net assets acquired included net unrealized appreciation of $19,087,888. The exchange qualifies as a tax-free reorganization for federal income tax purposes. EX-23 12 DELOITTE & TOUCHE LLP/LOGO/ Suite 3600 555 Seventeenth Street Denver, Colorado 80202-3942 Telephone: (303)292-5400 Facsimile: (303)312-4000 To the Board of Trustees of Oppenheimer Variable Account Funds: In planning and performing our audit of the financial statements of Oppenheimer Variable Account Funds (Fund) for the year ended December 31, 1996 (on which we have issued our report dated January 22, 1997), we considered its internal control structure, including procedures for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on the internal control structure. The management of the Fund is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. Two of the objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition and that transactions are executed in accordance with management's authorization and recorded properly to permit preparation of financial statements in conformity with generally accepted accounting principles. Because of inherent limitations in any internal control structure, errors or irregularities may occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of the internal control structure would not necessarily disclose all matters in the internal control structure that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of the specific internal control structure elements does not reduce to a relatively low level the risk that errors or irregularities in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving the internal control structure, including procedures for safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 1996. This report is intended solely for the information and use of management, the Board of Trustees and the Securities and Exchange Commission. Yours truly, /S/DELOITTE & TOUCHE LLP January 22, 1997 - --------------- DELOITTE TOUCHE TOHMATSU INTERNATIONAL - --------------- EX-99 13 During the year ended December 31, 1996, the Funds adjusted the classification of distributions to shareholders to reflect the differences between financial statement amounts and distributions determined in accordance with income tax regulations. Changes in classification made during the fiscal year ended December 31, 1996 are shown below:
Adjustments for the Fiscal Year Ended December 31, 1996 Undistributed Undistributed Net Net Investment Realized Gain (Loss) Paid-in Income (Loss) on Investments Capital Oppenheimer High Income Fund $ 293,322 $ (293,322) -- Oppenheimer Bond Fund 811,172 (811,172) -- Oppenheimer Multiple Strategies Fund (36,290) 36,290 -- Oppenheimer Global Securities Fund 2,649,581 (2,649,581) -- Oppenheimer Strategic Bond Fund 154,274 (154,274) -- Oppenheimer Growth & Income Fund 1,095 (1,095) --
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