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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000752737-99-000008.txt : 19990618
<SEC-HEADER>0000752737-99-000008.hdr.sgml : 19990618
ACCESSION NUMBER:		0000752737-99-000008
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990617

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:		497
		SEC ACT:		
		SEC FILE NUMBER:	002-93177
		FILM NUMBER:		99647762

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>OPPENHEIMER VARIABLE ACCOUNT FUNDS
<TEXT>


                      OPPENHEIMER GLOBAL SECURITIES FUND/VA
                 a series of Oppenheimer Variable Account Funds
                         Supplement dated June 18, 1999
                       to the Prospectus dated May 1, 1999

The Prospectus is changed as follows:

1. The  first  sentence  of the  section  entitled  "The  Fund's  Objective  and
Investment Strategies -- What Does the Fund Invest In?" on page 2 is deleted and
replaced with the following:

         The Fund invests mainly in common stocks, and can also buy other equity
         securities,  including preferred stocks and securities convertible into
         common stock.

2. The first  sentence of the footnote to the "Average  Annual Total Returns for
the periods  ended  December  31,  1998" table on page 4 is deleted and replaced
with the following:

         *The Fund's inception date was 11/12/90.

3. The third sentence of the section captioned  "Portfolio Manager" on page 6 is
deleted and replaced with the following:

         He has been  the  person  principally  responsible  for the  day-to-day
management of the Fund's portfolio since December, 1995.

June 18, 1999                                                    PSO485.015

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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