-----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, OhWClKnMXzYOpWCjjsS51gjayXyqIJztGUMoBq1jEx3GrDH/2G5tNIXauWWvWwSX il3PI5a8hZPOiwEFdklNAQ== 0000935069-04-001880.txt : 20041126 0000935069-04-001880.hdr.sgml : 20041125 20041124173557 ACCESSION NUMBER: 0000935069-04-001880 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040930 FILED AS OF DATE: 20041126 DATE AS OF CHANGE: 20041124 EFFECTIVENESS DATE: 20041126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER VARIABLE ACCOUNT FUNDS CENTRAL INDEX KEY: 0000752737 IRS NUMBER: 840974272 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-04108 FILM NUMBER: 041168222 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 3036713200 MAIL ADDRESS: STREET 2: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER VARIABLE LIFE FUNDS DATE OF NAME CHANGE: 19860609 N-Q 1 rq485_11953nq.txt RQ485_11953NQ.TXT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-4108 Oppenheimer Global Securities Fund/VA (Exact name of registrant as specified in charter) 6803 South Tucson Way, Centennial, Colorado 80112-3924 (Address of principal executive offices) (Zip code) Robert G. Zack, Esq. OppenheimerFunds, Inc. Two World Financial Center, New York, New York 10281-1008 (Name and address of agent for service) Registrant's telephone number, including area code: (303) 768-3200 Date of fiscal year end: December 31 Date of reporting period: September 30, 2004 ITEM 1. SCHEDULE OF INVESTMENTS. STATEMENT OF INVESTMENTS September 30, 2004 (Unaudited) ================================================================================ Oppenheimer Global Securities Fund/VA
Shares Value - --------------------------------------------------------------------------------------------------------- COMMON STOCKS--95.0% - --------------------------------------------------------------------------------------------------------- CONSUMER DISCRETIONARY--16.9% - --------------------------------------------------------------------------------------------------------- AUTOMOBILES--1.5% Porsche AG, Preferred 25,123 $ 16,287,606 - --------------------------------------------------------------------------------------------------------- Toyota Motor Corp. 733,700 28,143,562 ----------------- 44,431,168 - --------------------------------------------------------------------------------------------------------- HOTELS, RESTAURANTS & LEISURE--1.3% International Game Technology 624,100 22,436,395 - --------------------------------------------------------------------------------------------------------- Starbucks Corp. 1 367,400 16,702,004 ----------------- 39,138,399 - --------------------------------------------------------------------------------------------------------- HOUSEHOLD DURABLES--0.4% Sharp Corp. 885,000 12,195,246 - --------------------------------------------------------------------------------------------------------- INTERNET & CATALOG RETAIL--0.4% Amazon.com, Inc. 1 306,600 12,527,676 - --------------------------------------------------------------------------------------------------------- MEDIA--8.5% Grupo Televisa SA, Sponsored GDR 445,299 23,480,616 - --------------------------------------------------------------------------------------------------------- JC Decaux SA 1 541,174 12,316,464 - --------------------------------------------------------------------------------------------------------- Pearson plc 2,142,518 22,945,151 - --------------------------------------------------------------------------------------------------------- Reed Elsevier plc 1,564,246 13,747,564 - --------------------------------------------------------------------------------------------------------- Singapore Press Holdings Ltd. 1 6,468,640 18,200,970 - --------------------------------------------------------------------------------------------------------- Sirius Satellite Radio, Inc. 1 1,700,000 5,440,000 - --------------------------------------------------------------------------------------------------------- Sirius Satellite Radio, Inc. 1 24,891,602 79,653,126 - --------------------------------------------------------------------------------------------------------- Societe Television Francaise 1 386,660 10,983,061 - --------------------------------------------------------------------------------------------------------- Television Broadcasts Ltd. 5,211,832 23,328,580 - --------------------------------------------------------------------------------------------------------- Wolters Kluwer NV 811,250 13,670,741 - --------------------------------------------------------------------------------------------------------- WPP Group plc 1,173,870 10,944,208 - --------------------------------------------------------------------------------------------------------- Zee Telefilms Ltd. 5,357,100 17,735,304 ----------------- 252,445,785 - --------------------------------------------------------------------------------------------------------- SPECIALTY RETAIL--4.5% Circuit City Stores, Inc./Circuit City Group 1,407,549 21,591,802 - --------------------------------------------------------------------------------------------------------- Gap, Inc. (The) 574,000 10,733,800 - --------------------------------------------------------------------------------------------------------- Hennes & Mauritz AB, B Shares 2,148,700 59,175,357 - --------------------------------------------------------------------------------------------------------- New Dixons Group plc 9,885,260 30,586,358 - --------------------------------------------------------------------------------------------------------- RadioShack Corp. 352,200 10,087,008 ----------------- 132,174,325 - --------------------------------------------------------------------------------------------------------- TEXTILES, APPAREL & LUXURY GOODS--0.3% Coach, Inc. 1 189,400 8,034,348 - --------------------------------------------------------------------------------------------------------- CONSUMER STAPLES--7.0% - --------------------------------------------------------------------------------------------------------- BEVERAGES--1.5% Companhia de Bebidas das Americas, ADR 618,915 13,863,696 - --------------------------------------------------------------------------------------------------------- Diageo plc 446,470 5,582,392 - --------------------------------------------------------------------------------------------------------- Fomento Economico Mexicano SA de CV, UBD 3,145,900 13,903,767 - --------------------------------------------------------------------------------------------------------- Grupo Modelo SA de CV, Series C 4,341,000 10,565,478 ----------------- 43,915,333 - --------------------------------------------------------------------------------------------------------- FOOD & STAPLES RETAILING--1.1% Boots Group plc 1,110,260 12,916,316 - --------------------------------------------------------------------------------------------------------- Carrefour SA 198,200 9,334,628 - --------------------------------------------------------------------------------------------------------- Seven-Eleven Japan Co. Ltd. 353,000 10,107,258 ----------------- 32,358,202 - --------------------------------------------------------------------------------------------------------- FOOD PRODUCTS--0.9% Cadbury Schweppes plc 3,613,821 27,831,366 - --------------------------------------------------------------------------------------------------------- HOUSEHOLD PRODUCTS--2.4% Hindustan Lever Ltd. 5,944,500 16,237,100 - --------------------------------------------------------------------------------------------------------- Reckitt Benckiser plc 2,200,417 53,988,668 ----------------- 70,225,768 - --------------------------------------------------------------------------------------------------------- PERSONAL PRODUCTS--1.1% Gillette Co. 563,700 23,528,838 - --------------------------------------------------------------------------------------------------------- Shiseido Co. Ltd. 806,000 9,927,101 ----------------- 33,455,939 - --------------------------------------------------------------------------------------------------------- ENERGY--8.1% - --------------------------------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES--3.3% GlobalSantaFe Corp. 983,300 30,138,145 - --------------------------------------------------------------------------------------------------------- Technip SA 191,730 30,997,842 - --------------------------------------------------------------------------------------------------------- Transocean, Inc. 1 990,600 35,443,668 ----------------- 96,579,655 - --------------------------------------------------------------------------------------------------------- OIL & GAS--4.8% BP plc, ADR 448,169 25,783,163 - --------------------------------------------------------------------------------------------------------- Burlington Resources, Inc. 356,400 14,541,120 - --------------------------------------------------------------------------------------------------------- ChevronTexaco Corp. 512,944 27,514,316 - --------------------------------------------------------------------------------------------------------- Encana Corp. 392,017 18,133,972 - --------------------------------------------------------------------------------------------------------- ENI SpA 584,500 13,113,514 - --------------------------------------------------------------------------------------------------------- Husky Energy, Inc. 1,150,215 28,076,042 - --------------------------------------------------------------------------------------------------------- Oil & Natural Gas Corp. Ltd. 209,470 3,414,013 - --------------------------------------------------------------------------------------------------------- Total SA, B Shares 63,310 12,912,615 ----------------- 143,488,755 - --------------------------------------------------------------------------------------------------------- FINANCIALS--17.5% - --------------------------------------------------------------------------------------------------------- CAPITAL MARKETS--0.3% Northern Trust Corp. 219,800 8,967,840 - --------------------------------------------------------------------------------------------------------- COMMERCIAL BANKS--8.0% ABN Amro Holding NV 1,236,400 28,123,589 - --------------------------------------------------------------------------------------------------------- Anglo Irish Bank Corp. 815,366 14,956,937 - --------------------------------------------------------------------------------------------------------- Australia & New Zealand Banking Group Ltd. 924,550 12,796,959 - --------------------------------------------------------------------------------------------------------- Commerce Bancorp, Inc. 101,000 5,575,200 - --------------------------------------------------------------------------------------------------------- HSBC Holdings plc 1,950,400 31,018,289 - --------------------------------------------------------------------------------------------------------- ICICI Bank Ltd., Sponsored ADR 1 1,316,350 18,165,630 - --------------------------------------------------------------------------------------------------------- Resona Holdings, Inc. 1 6,636,000 10,012,962 - --------------------------------------------------------------------------------------------------------- Royal Bank of Scotland Group plc (The) 2,003,047 57,929,927 - --------------------------------------------------------------------------------------------------------- Societe Generale, Cl. A 307,630 27,259,105 - --------------------------------------------------------------------------------------------------------- Wachovia Corp. 658,129 30,899,157 ----------------- 236,737,755 - --------------------------------------------------------------------------------------------------------- DIVERSIFIED FINANCIAL SERVICES--5.3% 3i Group plc 992,476 9,990,404 - --------------------------------------------------------------------------------------------------------- American Express Co. 456,900 23,512,074 - --------------------------------------------------------------------------------------------------------- Citigroup, Inc. 221,466 9,771,080 - --------------------------------------------------------------------------------------------------------- Credit Saison Co. Ltd. 526,900 16,235,886 - --------------------------------------------------------------------------------------------------------- JPMorgan Chase & Co. 1,365,063 54,233,953 - --------------------------------------------------------------------------------------------------------- MBNA Corp. 1,058,250 26,667,900 - --------------------------------------------------------------------------------------------------------- MLP AG 377,528 6,066,102 - --------------------------------------------------------------------------------------------------------- Schwab (Charles) Corp. 975,900 8,968,521 ----------------- 155,445,920 - --------------------------------------------------------------------------------------------------------- INSURANCE--3.9% ACE Ltd. 541,471 21,691,328 - --------------------------------------------------------------------------------------------------------- Aegon NV 1,804,007 19,474,037 - --------------------------------------------------------------------------------------------------------- Allianz AG 242,350 24,383,137 - --------------------------------------------------------------------------------------------------------- Berkshire Hathaway, Inc., Cl. B 1 7,960 22,853,160 - --------------------------------------------------------------------------------------------------------- Everest Re Group Ltd. 139,800 10,391,334 - --------------------------------------------------------------------------------------------------------- Manulife Financial Corp. 410,613 18,033,899 ----------------- 116,826,895 - --------------------------------------------------------------------------------------------------------- HEALTH CARE--14.2% - --------------------------------------------------------------------------------------------------------- BIOTECHNOLOGY--4.0% Affymetrix, Inc. 1 454,400 13,954,624 - --------------------------------------------------------------------------------------------------------- Amgen, Inc. 1 501,900 28,447,692 - --------------------------------------------------------------------------------------------------------- Applera Corp./Applied Biosystems Group 547,700 10,335,099 - --------------------------------------------------------------------------------------------------------- Genentech, Inc. 1 288,600 15,128,412 - --------------------------------------------------------------------------------------------------------- Genzyme Corp. (General Division) 1 270,900 14,739,669 - --------------------------------------------------------------------------------------------------------- Gilead Sciences, Inc. 1 767,160 28,676,441 - --------------------------------------------------------------------------------------------------------- Human Genome Sciences, Inc. 1 332,200 3,624,302 - --------------------------------------------------------------------------------------------------------- Millennium Pharmaceuticals, Inc. 1 320,500 4,394,055 ----------------- 119,300,294 - --------------------------------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES--1.1% Essilor International SA 196,440 12,642,656 - --------------------------------------------------------------------------------------------------------- Nektar Therapeutics 1,2 314,361 3,641,558 - --------------------------------------------------------------------------------------------------------- Smith & Nephew plc 1,896,500 17,458,041 ----------------- 33,742,255 - --------------------------------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES--1.8% Express Scripts, Inc. 1 178,900 11,689,326 - --------------------------------------------------------------------------------------------------------- IMS Health, Inc. 582,100 13,923,832 - --------------------------------------------------------------------------------------------------------- Quest Diagnostics, Inc. 298,900 26,368,958 ----------------- 51,982,116 - --------------------------------------------------------------------------------------------------------- PHARMACEUTICALS--7.3% AstraZeneca plc 293,320 12,038,956 - --------------------------------------------------------------------------------------------------------- Chugai Pharmaceutical Co. Ltd. 829,200 11,976,538 - --------------------------------------------------------------------------------------------------------- Eli Lilly & Co. 175,900 10,562,795 - --------------------------------------------------------------------------------------------------------- Novartis AG 444,100 20,758,670 - --------------------------------------------------------------------------------------------------------- Pfizer, Inc. 722,519 22,109,081 - --------------------------------------------------------------------------------------------------------- Roche Holdings AG 340,855 35,314,670 - --------------------------------------------------------------------------------------------------------- Sanofi-Synthelabo SA 759,674 55,174,467 - --------------------------------------------------------------------------------------------------------- Schering-Plough Corp. 862,600 16,441,156 - --------------------------------------------------------------------------------------------------------- Shionogi & Co. Ltd. 1,391,000 19,964,450 - --------------------------------------------------------------------------------------------------------- Teva Pharmaceutical Industries Ltd., Sponsored ADR 387,800 10,063,410 ----------------- 214,404,193 - --------------------------------------------------------------------------------------------------------- INDUSTRIALS--4.7% - --------------------------------------------------------------------------------------------------------- AEROSPACE & DEFENSE--3.1% Boeing Co. 306,800 15,837,016 - --------------------------------------------------------------------------------------------------------- Empresa Brasileira de Aeronautica SA, ADR 880,534 23,246,098 - --------------------------------------------------------------------------------------------------------- Lockheed Martin Corp. 260,600 14,536,268 - --------------------------------------------------------------------------------------------------------- Northrop Grumman Corp. 276,000 14,719,080 - --------------------------------------------------------------------------------------------------------- Raytheon Co. 634,500 24,098,310 ----------------- 92,436,772 - --------------------------------------------------------------------------------------------------------- CONSTRUCTION & ENGINEERING--0.2% JGC Corp. 538,000 5,481,962 - --------------------------------------------------------------------------------------------------------- Leighton Holdings Ltd. 225,823 1,574,344 ----------------- 7,056,306 - --------------------------------------------------------------------------------------------------------- INDUSTRIAL CONGLOMERATES--0.9% Hutchison Whampoa Ltd. 1,554,000 12,157,753 - --------------------------------------------------------------------------------------------------------- Siemens AG 207,654 15,236,680 ----------------- 27,394,433 - --------------------------------------------------------------------------------------------------------- MACHINERY--0.4% Hyundai Heavy Industries Co. Ltd. 376,230 10,124,245 - --------------------------------------------------------------------------------------------------------- MARINE--0.1% Peninsular & Oriental Steam Navigation Co. 644,780 3,072,885 - --------------------------------------------------------------------------------------------------------- INFORMATION TECHNOLOGY--18.5% - --------------------------------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT--6.0% Alcatel SA 1 1,149,650 13,454,058 - --------------------------------------------------------------------------------------------------------- Cisco Systems, Inc. 1 1,015,800 18,385,980 - --------------------------------------------------------------------------------------------------------- Corning, Inc. 1 1,360,500 15,074,340 - --------------------------------------------------------------------------------------------------------- JDS Uniphase Corp. 1 4,976,900 16,772,153 - --------------------------------------------------------------------------------------------------------- Juniper Networks, Inc. 1 473,200 11,167,520 - --------------------------------------------------------------------------------------------------------- QUALCOMM, Inc. 758,600 29,615,744 - --------------------------------------------------------------------------------------------------------- Scientific-Atlanta, Inc. 348,500 9,033,120 - --------------------------------------------------------------------------------------------------------- Telefonaktiebolaget LM Ericsson, B Shares 1 20,355,300 63,188,300 ----------------- 176,691,215 - --------------------------------------------------------------------------------------------------------- COMPUTERS & PERIPHERALS--1.5% International Business Machines Corp. 334,117 28,647,192 - --------------------------------------------------------------------------------------------------------- Sun Microsystems, Inc. 1 3,805,500 15,374,220 ----------------- 44,021,412 - --------------------------------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS--1.2% Keyence Corp. 55,200 11,630,559 - --------------------------------------------------------------------------------------------------------- Murata Manufacturing Co. Ltd. 244,000 11,754,761 - --------------------------------------------------------------------------------------------------------- Tandberg ASA 1,544,550 13,986,110 ----------------- 37,371,430 - --------------------------------------------------------------------------------------------------------- INTERNET SOFTWARE & SERVICES--0.3% Yahoo Japan Corp. 1 881 3,923,919 - --------------------------------------------------------------------------------------------------------- Yahoo Japan Corp. 1 881 3,891,887 ----------------- 7,815,806 - --------------------------------------------------------------------------------------------------------- IT SERVICES--1.4% Amadeus Global Travel Distribution SA 1,558,901 12,349,689 - --------------------------------------------------------------------------------------------------------- Infosys Technologies Ltd. 810,940 29,931,752 ----------------- 42,281,441 - --------------------------------------------------------------------------------------------------------- OFFICE ELECTRONICS--0.4% Canon, Inc. 229,000 10,782,348 - --------------------------------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT--3.8% Advanced Micro Devices, Inc. 1 2,110,200 27,432,600 - --------------------------------------------------------------------------------------------------------- Altera Corp. 1 144,300 2,823,951 - --------------------------------------------------------------------------------------------------------- National Semiconductor Corp. 1 1,236,800 19,158,032 - --------------------------------------------------------------------------------------------------------- Nikon Corp. 1,310,415 12,363,866 - --------------------------------------------------------------------------------------------------------- Samsung Electronics Co. 68,920 27,400,486 - --------------------------------------------------------------------------------------------------------- Silicon Laboratories, Inc. 1 81,700 2,703,453 - --------------------------------------------------------------------------------------------------------- Taiwan Semiconductor Manufacturing Co. Ltd. 2 16,823,223 21,431,173 ----------------- 113,313,561 - --------------------------------------------------------------------------------------------------------- SOFTWARE--3.9% BEA Systems, Inc. 1 1,547,705 10,694,642 - --------------------------------------------------------------------------------------------------------- Cadence Design Systems, Inc. 1 976,370 12,731,865 - --------------------------------------------------------------------------------------------------------- Electronic Arts, Inc. 1 89,442 4,113,438 - --------------------------------------------------------------------------------------------------------- Novell, Inc. 1 2,007,426 12,666,858 - --------------------------------------------------------------------------------------------------------- Red Hat, Inc. 1 441,700 5,406,408 - --------------------------------------------------------------------------------------------------------- SAP AG 187,572 29,275,868 - --------------------------------------------------------------------------------------------------------- Symantec Corp. 1 347,700 19,081,776 - --------------------------------------------------------------------------------------------------------- Trend Micro, Inc. 374,500 16,135,345 - --------------------------------------------------------------------------------------------------------- Veritas Software Corp. 1 350,600 6,240,680 ----------------- 116,346,880 - --------------------------------------------------------------------------------------------------------- TELECOMMUNICATION SERVICES--7.3% - --------------------------------------------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES--1.5% France Telecom SA 992,148 24,751,723 - --------------------------------------------------------------------------------------------------------- Tele Norte Leste Participacoes SA 1 78 961 - --------------------------------------------------------------------------------------------------------- Tele Norte Leste Participacoes SA, Preference 1 1,524,785 20,113,504 ----------------- 44,866,188 - --------------------------------------------------------------------------------------------------------- WIRELESS TELECOMMUNICATION SERVICES--5.8% KDDI Corp. 9,452 45,964,823 - --------------------------------------------------------------------------------------------------------- SK Telecom Co. Ltd., ADR 822,560 15,998,792 - --------------------------------------------------------------------------------------------------------- Vodafone Group plc 45,221,080 108,371,620 ----------------- 170,335,235 - --------------------------------------------------------------------------------------------------------- UTILITIES--0.8% - --------------------------------------------------------------------------------------------------------- ELECTRIC UTILITIES--0.2% Electricidade de Portugal SA 1,487,300 4,346,748 - --------------------------------------------------------------------------------------------------------- GAS UTILITIES--0.6% Gail India Ltd. 356,250 1,479,980 - --------------------------------------------------------------------------------------------------------- Hong Kong & China Gas Co. Ltd. 8,827,000 16,472,085 ----------------- 17,952,065 ----------------- Total Common Stocks (Cost $2,263,757,443) 2,812,418,203 Principal Amount - --------------------------------------------------------------------------------------------------------- NON-CONVERTIBLE CORPORATE BONDS AND NOTES--0.0% Hindustan Lever Ltd., 9% Sec. Debs., 1/1/05 [INR] (Cost $558,689) 25,547,400 $ 567,367 - --------------------------------------------------------------------------------------------------------- JOINT REPURCHASE AGREEMENTS--4.5% Undivided interest of 9.16% in joint repurchase agreement (Principal Amount/Value $1,446,038,000, with a maturity value of $1,446,110,302) with UBS Warburg LLC, 1.80%, dated 9/30/04, to be repurchased at $132,468,623 on 10/1/04, collateralized by Federal National Mortgage Assn., 5%, 3/1/34, with a value of $1,477,979,332 (Cost $132,462,000) 132,462,000 132,462,000 - --------------------------------------------------------------------------------------------------------- Total Investments, at Value (Cost $2,396,778,132) 99.5% 2,945,447,570 - --------------------------------------------------------------------------------------------------------- Other Assets Net of Liabilities 0.5 14,641,515 ------------------------------------ Net Assets 100.0% $ 2,960,089,085 ==================================== Footnotes to Statement of Investments Principal amount is reported in U.S. Dollars, except for those denoted in the following currency: INR Indian Rupee 1. Non-income producing security. 2. Illiquid or restricted security. As of September 30, 2004, the Fund had restricted securities as follows: ACQUISITION VALUATION AS OF UNREALIZED SECURITY DATE COST SEPTEMBER 30, 2004 APPRECIATION - ------------------------------------------------------------------------------------------ STOCKS AND/OR WARRANTS Nektar Therapeutics 6/25/03 $ 3,568,000 $ 3,641,558 $ 73,558 Geographic Holdings Value Percent - ------------------------------------------------------------------------------------------ United States $ 1,202,634,770 40.8% United Kingdom 444,205,308 15.1 Japan 240,492,473 8.2 France 209,826,619 7.1 Sweden 122,363,657 4.2 Germany 91,249,393 3.1 India 87,531,153 3.0 Canada 64,243,913 2.2 The Netherlands 61,268,367 2.1 Brazil 57,224,259 1.9 Switzerland 56,073,340 1.9 Korea, Republic of South 53,523,523 1.8 Hong Kong 51,958,418 1.8 Mexico 47,949,861 1.6 Bermuda 32,082,662 1.1 Taiwan 21,431,173 0.7 Singapore 18,200,970 0.6 Ireland 14,956,937 0.5 Australia 14,371,303 0.5 Norway 13,986,110 0.5 Italy 13,113,514 0.4 Spain 12,349,689 0.4 Israel 10,063,410 0.3 Portugal 4,346,748 0.2 ------------------------------------- Total $ 2,945,447,570 100.0% =====================================
SECURITIES VALUATION. The Fund calculates the net asset value of its shares as of the close of The New York Stock Exchange (the Exchange), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Securities listed or traded on National Stock Exchanges or other domestic or foreign exchanges are valued based on the last sale price of the security traded on that exchange prior to the time when the Fund's assets are valued. Securities traded on NASDAQ are valued based on the closing price provided by NASDAQ prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the last sale price on the prior trading day, if it is within the spread of the closing bid and asked prices, and if not, at the closing bid price. Corporate, government and municipal debt instruments having a remaining maturity in excess of 60 days and all mortgage-backed securities will be valued at the mean between the "bid" and "asked" prices. Securities may be valued primarily using dealer-supplied valuations or a portfolio pricing service authorized by the Board of Trustees. Securities (including restricted securities) for which market quotations are not readily available are valued at their fair value. Foreign and domestic securities whose values have been materially affected by what the Manager identifies as a significant event occurring before the Fund's assets are valued but after the close of their respective exchanges will be fair valued. Fair value is determined in good faith using consistently applied procedures under the supervision of the Board of Trustees. Short-term "money market type" debt securities with remaining maturities of sixty days or less are valued at amortized cost (which approximates market value). FEDERAL TAX. The aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments for federal income tax purposes as of September 30, 2004 are noted below. The primary difference between book and tax appreciation or depreciation of securities and other investments, if applicable, is attributable to the tax deferral of losses. Federal tax cost of securities $ 2,398,196,622 ================== Gross unrealized appreciation $ 637,062,707 Gross unrealized depreciation (89,811,759) ------------------ Net unrealized appreciation (depreciation) $ 547,250,948 ================== ITEM 2. CONTROLS AND PROCEDURES. (a) Based on their evaluation of registrant's disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (17 CFR 270.30a-3(c)) as of September 30, 2004, registrant's principal executive officer and principal financial officer found registrant's disclosure controls and procedures to provide reasonable assurances that information required to be disclosed by registrant in the reports that it files under the Securities Exchange Act of 1934 (a) is accumulated and communicated to registrant's management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission. (b) There have been no significant changes in registrant's internal controls over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. (a) Exhibits attached hereto. (Attach certifications as exhibits) EX-99.CERT 2 rq485_11953ex99cert.txt RQ485_11953EX99CERT.TXT Exhibit 99.CERT CERTIFICATIONS I, JOHN V. MURPHY, certify that: 1. I have reviewed this report on Form N-Q of Oppenheimer Global Securities Fund/VA; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /s/ John V. Murphy - ---------------------------- John V. Murphy Chief Executive Officer Date: 11/16/04 Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS I, BRIAN W. WIXTED, certify that: 1. I have reviewed this report on Form N-Q of Oppenheimer Global Securities Fund/VA; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions): a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /s/ Brian W. Wixted - ---------------------------- Brian W. Wixted Chief Financial Officer Date: 11/16/04 -----END PRIVACY-ENHANCED MESSAGE-----