-----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, Vd7TUJ8zkFc0zQFzwPmtm08J7mlCM3Jlm2kndocNcfXGpI68Zze1Xqm8Mao1Uath RagIDmfZkFP+Z1it9VPl3Q== 0000752737-97-000003.txt : 19970303 0000752737-97-000003.hdr.sgml : 19970303 ACCESSION NUMBER: 0000752737-97-000003 CONFORMED SUBMISSION TYPE: 24F-2NT PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970227 SROS: NONE 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: 24F-2NT SEC ACT: 1933 Act SEC FILE NUMBER: 002-93177 FILM NUMBER: 97546329 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 24F-2NT 1 OPPENHEIMER VARIABLE ACCOUNT FUNDS U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 24F-2 Annual Notice of Securities Sold Pursuant to Rule 24f-2 1. Name and address of issuer: Oppenheimer Variable Account Funds 6803 South Tucson Way Englewood, Colorado 80112 2. Name of each series or class of funds for which this notice is filed: Oppenheimer Capital Appreciation Fund 3. Investment Company Act File Number: 811-4108 Securities Act File Number: 2-93177 4. Last day of fiscal year for which this notice is filed: 12/31/96 5. Check box if this notice is being filed more than 180 days after the close of the issuer's fiscal year for purposes of reporting securities sold after the close of the fiscal year but before termination of the issuer's 24f-2 declaration: / / 6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if applicable (see instruction a.6): 7. Number and amount of securities of the same class or series which had been registered under the Securities Act of 1933 other than pursuant to rule 24f-2 in a prior fiscal year, but which remained unsold at the beginning of the fiscal year: -0- 8. Number and amount of securities registered during the fiscal year other than pursuant to rule 24f-2: -0- 9. Number and aggregate sale price of securities sold during the fiscal year: 12,247,492 $455,862,164 10. Number and aggregate sale price of securities sold during the fiscal year in reliance upon registration pursuant to rule 24f-2: 12,247,492 $455,862,164 11. Number and aggregate sale price of securities issued during the fiscal year in connection with dividend reinvestment plans, if applicable (see Instruction B.7): 643,582 $22,422,394 12. Calculation of registration fee: (i) Aggregate sale price of securities sold during the fiscal year in reliance on rule 24f-2 (from Item 10): $455,862,164 ------------ (ii) Aggregate price of shares issued in connection with dividend reinvestment plans (from Item 11, if applicable): +$22,422,394 ------------- (iii) Aggregate price of shares redeemed or repurchased during the fiscal year (if applicable): -$237,187,104 ------------- (iv) Aggregate price of shares redeemed or repurchased and previously applied as a reduction to filing fees pursuant to rule 24e-2 (if applicable): + -0- ------------ (v) Net aggregate price of securities sold and issued during the fiscal year in reliance on rule 24f-2 (line (i), plus line (ii), less line (iii), plus line (iv)) (if applicable): $241,097,454 ------------ (vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933 or other applicable law or regulation (see Instruction C.6): x 1/3300 ------------ (vii) Fee due (line (i) or line (v) multiplied by line (vi)): $73,060 ------------ Instruction: Issuers should complete line (ii), (iii), (iv), and (v) only if the form is being filed within 60 days after the close of the issuer's fiscal year. See Instructions C.3. 13. Check box if fees are being remitted to the Commission's lockbox depository as described in section 3a of the Commission's Rule of Informal and Other Procedures (17 CFR 202.3a). /X/ Date of mailing or wire transfer of filing fees to the Commission's lockbox depository: February 26, 1997; Fed Wire #4944 SIGNATURES This report has been signed below by the following persons on behalf of the issuer and in the capacities and on the dates indicated. Oppenheimer Variable Account Funds /s/ Robert J. Bishop By:______________________________________ Robert J. Bishop, Assistant Treasurer Date: 2/27/97 cc: Allan Adams, Esq. Katherine Feld Gloria LaFond sec\ovaf2.24f MYER, SWANSON, ADAMS & WOLF, P.C. ATTORNEYS AT LAW THE COLORADO STATE BANK BUILDING 1600 BROADWAY, SUITE 1480 DENVER, COLORADO 80202-4915 TELEPHONE (303) 866-9800 FACSIMILE (303) 866-9818 February 21, 1997 Oppenheimer Variable Account Funds 3410 South Galena Street Denver, Colorado 80231 Gentlemen: In connection with the public offering of the no par value shares of Oppenheimer Variable Account Funds, a business trust organized under the laws of the Commonwealth of Massachusetts (the "Trust"), as counsel for the Trust, we have examined such records and documents and have made such further investigation and examination as we deem necessary for the purpose of this opinion. As of the end of its fiscal year, the Trust was composed of nine separate series, the Oppenheimer Money Fund, Oppenheimer Bond Fund, Oppenheimer Growth Fund, Oppenheimer Global Securities Fund, Oppenheimer Growth & Income Fund, Oppenheimer High Income Fund, Oppenheimer Multiple Strategies Fund, Oppenheimer Strategic Bond Fund, and Oppenheimer Capital Appreciation Fund. Each series sells its shares separately to separate accounts offered by various life insurance companies pursuant to separate registration statements and prospectuses. We are advised that during the year ending December 31, 1996, the following shares of beneficial interest in each series of the Trust were sold in reliance on the registration of an indefinite number of shares pursuant to Rule 24f-2 of the Investment Company Act of 1940: Oppenheimer Oppenheimer Oppenheimer Money Fund Bond Fund Growth Fund 330,762,142 21,886,664 9,031,405 Oppenheimer High Oppenheimer Capital Oppenheimer Multiple Income Fund Appreciation Fund Strategies Fund 9,857,582 12,247,492 5,556,735 Oppenheimer Global Oppenheimer Growth & Oppenheimer Strategic Securities Fund Income Fund Bond Fund 14,595,634 2,942,183 12,624,581 It is our opinion that the said shares of beneficial interest in each series sold by the Trust in reliance on Rule 24f-2 of the Investment Company Act of 1940 are legally issued and, subject to the matters mentioned in the next paragraph, fully paid and nonassessable by the Trust. Under Massachusetts law, shareholders of the Trust may, under certain circumstances, be held personally liable as partners for the obligations of the Trust. The Declaration of Trust does, however, contain an express disclaimer of shareholder liability for acts or obligations of the Trust and requires that notice of such disclaimer be given in each agreement, obligation, or instrument entered into or executed by the Trust or the Trustees. The Declaration of Trust provides for indemnification out of the trust property of any shareholder held personally liable for the obligations of the Trust. The Declaration of Trust also provides that the Trust shall, upon request, assume the defense of any claim made against any shareholder for any act or obligation of the Trust and satisfy any judgment thereon. Sincerely, /s/ Allan B. Adams Allan B. Adams of MYER, SWANSON, ADAMS & WOLF, P.C. 2 -----END PRIVACY-ENHANCED MESSAGE-----