-----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, JFrZETCfG9rYEmqPdmH2LhBGfoqQWSXsafULAb6UAR6+bnaTHAsHWX6IqZiY/RyF Y/dDf2C2HBggo5t9d8CIrw== 0000935069-04-001883.txt : 20041126 0000935069-04-001883.hdr.sgml : 20041125 20041124174138 ACCESSION NUMBER: 0000935069-04-001883 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: 041168258 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 rq620_11959nq.txt RQ620_11959NQ.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 Aggressive Growth 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 Aggressive Growth Fund/VA
Shares Value - ---------------------------------------------------------------------------------------------------------- COMMON STOCKS--99.0% - ---------------------------------------------------------------------------------------------------------- CONSUMER DISCRETIONARY--22.5% - ---------------------------------------------------------------------------------------------------------- AUTO COMPONENTS--1.4% Gentex Corp. 427,400 $ 15,014,562 - ---------------------------------------------------------------------------------------------------------- AUTOMOBILES--1.6% Harley-Davidson, Inc. 295,700 17,576,408 - ---------------------------------------------------------------------------------------------------------- HOTELS, RESTAURANTS & LEISURE--5.3% P.F. Chang's China Bistro, Inc. 1 278,500 13,504,465 - ---------------------------------------------------------------------------------------------------------- Ruby Tuesday, Inc. 844,200 23,527,854 - ---------------------------------------------------------------------------------------------------------- Starbucks Corp. 1 494,100 22,461,786 ------------------ 59,494,105 - ---------------------------------------------------------------------------------------------------------- HOUSEHOLD DURABLES--0.5% Harman International Industries, Inc. 53,800 5,796,950 - ---------------------------------------------------------------------------------------------------------- LEISURE EQUIPMENT & PRODUCTS--2.1% Brunswick Corp. 498,600 22,815,936 - ---------------------------------------------------------------------------------------------------------- MEDIA--1.5% Getty Images, Inc. 1 307,700 17,015,810 - ---------------------------------------------------------------------------------------------------------- SPECIALTY RETAIL--7.7% Bed Bath & Beyond, Inc. 1 476,300 17,675,493 - ---------------------------------------------------------------------------------------------------------- Chico's FAS, Inc. 1 453,700 15,516,540 - ---------------------------------------------------------------------------------------------------------- O'Reilly Automotive, Inc. 1 578,097 22,135,334 - ---------------------------------------------------------------------------------------------------------- PetsMart, Inc. 733,100 20,812,709 - ---------------------------------------------------------------------------------------------------------- Urban Outfitters, Inc. 1 290,800 10,003,520 ------------------ 86,143,596 - ---------------------------------------------------------------------------------------------------------- TEXTILES, APPAREL & LUXURY GOODS--2.4% Coach, Inc. 1 642,400 27,250,608 - ---------------------------------------------------------------------------------------------------------- CONSUMER STAPLES--2.5% - ---------------------------------------------------------------------------------------------------------- FOOD & STAPLES RETAILING--2.5% Whole Foods Market, Inc. 319,800 27,435,642 - ---------------------------------------------------------------------------------------------------------- ENERGY--6.7% - ---------------------------------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES--3.6% BJ Services Co. 1 334,200 17,515,422 - ---------------------------------------------------------------------------------------------------------- Smith International, Inc. 1 369,700 22,451,881 ------------------ 39,967,303 - ---------------------------------------------------------------------------------------------------------- OIL & GAS--3.1% Apache Corp. 423,600 21,226,596 - ---------------------------------------------------------------------------------------------------------- XTO Energy, Inc. 405,600 13,173,888 ------------------ 34,400,484 - ---------------------------------------------------------------------------------------------------------- FINANCIALS--10.2% - ---------------------------------------------------------------------------------------------------------- COMMERCIAL BANKS--2.1% Commerce Bancorp, Inc. 426,500 23,542,800 - ---------------------------------------------------------------------------------------------------------- DIVERSIFIED FINANCIAL SERVICES--5.2% Chicago Mercantile Exchange (The) 92,800 14,968,640 - ---------------------------------------------------------------------------------------------------------- Investors Financial Services Corp. 483,800 21,833,894 - ---------------------------------------------------------------------------------------------------------- Legg Mason, Inc. 392,700 20,919,129 ------------------ 57,721,663 - ---------------------------------------------------------------------------------------------------------- INSURANCE--2.9% AMBAC Financial Group, Inc. 325,700 26,039,715 - ---------------------------------------------------------------------------------------------------------- Brown & Brown, Inc. 149,500 6,832,150 ------------------ 32,871,865 - ---------------------------------------------------------------------------------------------------------- HEALTH CARE--20.7% - ---------------------------------------------------------------------------------------------------------- BIOTECHNOLOGY--5.2% Celgene Corp. 1 142,400 8,291,952 - ---------------------------------------------------------------------------------------------------------- Gen-Probe, Inc. 1 299,700 11,949,039 - ---------------------------------------------------------------------------------------------------------- Gilead Sciences, Inc. 1 853,000 31,885,140 - ---------------------------------------------------------------------------------------------------------- Martek Biosciences Corp. 1 128,600 6,255,104 ------------------ 58,381,235 - ---------------------------------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES--7.2% Bard (C.R.), Inc. 225,200 12,753,076 - ---------------------------------------------------------------------------------------------------------- Cooper Cos., Inc. (The) 203,100 13,922,505 - ---------------------------------------------------------------------------------------------------------- Idexx Laboratories, Inc. 1 207,941 10,550,926 - ---------------------------------------------------------------------------------------------------------- Stryker Corp. 213,900 10,284,312 - ---------------------------------------------------------------------------------------------------------- Thermo Electron Corp. 1 608,600 16,444,372 - ---------------------------------------------------------------------------------------------------------- Varian Medical Systems, Inc. 489,000 16,904,730 ------------------ 80,859,921 - ---------------------------------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES--7.7% Coventry Health Care, Inc. 1 438,150 23,384,066 - ---------------------------------------------------------------------------------------------------------- Health Management Associates, Inc., Cl. A 1,194,500 24,403,635 - ---------------------------------------------------------------------------------------------------------- Lincare Holdings, Inc. 1 411,100 12,213,780 - ---------------------------------------------------------------------------------------------------------- Patterson Cos., Inc. 1 340,000 26,030,400 ------------------ 86,031,881 - ---------------------------------------------------------------------------------------------------------- PHARMACEUTICALS--0.6% Allergan, Inc. 87,400 6,340,870 - ---------------------------------------------------------------------------------------------------------- INDUSTRIALS--13.3% - ---------------------------------------------------------------------------------------------------------- AEROSPACE & DEFENSE--1.7% L-3 Communications Holdings, Inc. 207,500 13,902,500 - ---------------------------------------------------------------------------------------------------------- Rockwell Collins, Inc. 147,800 5,489,292 ------------------ 19,391,792 - ---------------------------------------------------------------------------------------------------------- AIR FREIGHT & LOGISTICS--2.6% Expeditors International of Washington, Inc. 554,200 28,652,140 - ---------------------------------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES--4.2% Apollo Group, Inc., Cl. A 1 60,400 4,431,548 - ---------------------------------------------------------------------------------------------------------- Corporate Executive Board Co. 369,800 22,646,552 - ---------------------------------------------------------------------------------------------------------- Stericycle, Inc. 1 440,900 20,237,310 ------------------ 47,315,410 - ---------------------------------------------------------------------------------------------------------- MACHINERY--1.2% Donaldson Co., Inc. 483,800 13,735,082 - ---------------------------------------------------------------------------------------------------------- ROAD & RAIL--1.6% C.H. Robinson Worldwide, Inc. 372,500 17,280,275 - ---------------------------------------------------------------------------------------------------------- TRADING COMPANIES & DISTRIBUTORS--2.0% Fastenal Co. 390,600 22,498,560 - ---------------------------------------------------------------------------------------------------------- INFORMATION TECHNOLOGY--23.1% - ---------------------------------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT--1.4% Comverse Technology, Inc. 1 838,900 15,796,487 - ---------------------------------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS--2.6% CDW Corp. 377,800 21,923,734 - ---------------------------------------------------------------------------------------------------------- Jabil Circuit, Inc. 1 285,000 6,555,000 ------------------ 28,478,734 - ---------------------------------------------------------------------------------------------------------- INTERNET SOFTWARE & SERVICES--1.6% VeriSign, Inc. 1 909,100 18,072,908 - ---------------------------------------------------------------------------------------------------------- IT SERVICES--5.3% Affiliated Computer Services, Inc., Cl. A 1 431,100 23,999,337 - ---------------------------------------------------------------------------------------------------------- Alliance Data Systems Corp. 1 323,600 13,125,216 - ---------------------------------------------------------------------------------------------------------- Fiserv, Inc. 1 622,100 21,686,406 ------------------ 58,810,959 - ---------------------------------------------------------------------------------------------------------- OFFICE ELECTRONICS--2.0% Zebra Technologies Corp., Cl. A 1 372,400 22,720,124 - ---------------------------------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT--1.7% Linear Technology Corp. 522,200 18,924,528 - ---------------------------------------------------------------------------------------------------------- SOFTWARE--8.5% Adobe Systems, Inc. 542,700 26,847,369 - ---------------------------------------------------------------------------------------------------------- Amdocs Ltd. 1 695,800 15,189,314 - ---------------------------------------------------------------------------------------------------------- Electronic Arts, Inc. 1 349,600 16,078,104 - ---------------------------------------------------------------------------------------------------------- Intuit, Inc. 1 193,100 8,766,740 - ---------------------------------------------------------------------------------------------------------- Symantec Corp. 1 514,700 28,246,735 ------------------ 95,128,262 ------------------ Total Common Stocks (Cost $937,314,071) 1,105,466,900 - ---------------------------------------------------------------------------------------------------------- PREFERRED STOCKS--0.3% Axsun Technologies, Inc., Cv., Series C 1,2,3 3,170,523 1,113,488 - ---------------------------------------------------------------------------------------------------------- Blaze Network Products, Inc., 8% Cv., Series D 1,2,3 1,147,862 -- - ---------------------------------------------------------------------------------------------------------- BroadBand Office, Inc., Cv., Series C 1,2,3 211,641 -- - ---------------------------------------------------------------------------------------------------------- Centerpoint Broadband Technologies, Inc.: CV., Series D 1,2,3 1,298,701 -- Cv., Series Z 1,2,3 262,439 -- - ---------------------------------------------------------------------------------------------------------- fusionOne, Inc., 8% Non-Cum. Cv., Series D 1,2,3 2,663,972 578,615 - ---------------------------------------------------------------------------------------------------------- MicroPhotonix Integration Corp., Cv., Series C 1,2,3 633,383 -- - ---------------------------------------------------------------------------------------------------------- Multiplex, Inc., Cv., Series C 1,2,3 2,330,253 281,262 - ---------------------------------------------------------------------------------------------------------- Questia Media, Inc., Cv., Series B 1,2,3 2,329,735 707,541 ------------------ Total Preferred Stocks (Cost $113,962,357) 2,680,906 Principal Amount - ---------------------------------------------------------------------------------------------------------- JOINT REPURCHASE AGREEMENTS--0.1% Undivided interest of 0.10% 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 $1,517,076 on 10/1/04, collateralized by Federal National Mortgage Assn., 5%, 3/1/34, with a value of $1,477,979,332 (Cost $1,517,000) $ 1,517,000 1,517,000 - ---------------------------------------------------------------------------------------------------------- Total Investments, at Value (Cost $1,052,793,428) 99.4% 1,109,664,806 - ---------------------------------------------------------------------------------------------------------- Other Assets Net of Liabilities 0.6 7,976,296 ------------------------------------- Net Assets 100.0% $ 1,117,641,102 ===================================== Footnotes to Statement of Investments 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 DATES COST SEPTEMBER 30, 2004 DEPRECIATION - -------------------------------------------------------------------------------------------------------------------- STOCKS AND/OR WARRANTS Axsun Technologies, Inc., Cv., Series C 12/13/00 $ 37,000,003 $ 1,113,488 $ 35,886,516 Blaze Network Products, Inc., 8% Cv., Series D 10/17/00 7,346,317 -- 7,346,317 BroadBand Office, Inc., Cv., Series C 8/28/00 4,000,015 -- 4,000,015 Centerpoint Broadband Technologies, Inc., Cv., Series D 10/23/00 13,999,997 -- 13,999,997 Centerpoint Broadband Technologies, Inc., Cv., Series Z 5/26/00 6,999,992 -- 6,999,992 fusionOne, Inc., 8% Non-Cum. Cv., Series D 9/6/00 14,465,368 578,615 13,886,753 MicroPhotonix Integration Corp., Cv., Series C 7/6/00 4,000,004 -- 4,000,003 Multiplex, Inc., Cv., Series C 2/9/01 17,150,662 281,262 16,869,400 Questia Media, Inc., Cv., Series B 8/18/00 8,999,999 707,541 8,292,458 3. Affiliated company. Represents ownership of at least 5% of the voting securities of the issuer, and is or was an affiliate, as defined in the Investment Company Act of 1940, at or during the period ended September 30, 2004. The aggregate fair value of securities of affiliated companies held by the Fund as of September 30, 2004 amounts to $2,680,906. Transactions during the period in which the issuer was an affiliate are as follows: SHARES GROSS GROSS SHARES UNREALIZED DECEMBER 31, 2003 ADDITIONS REDUCTIONS SEPTEMBER 30, 2004 DEPRECIATION - ------------------------------------------------------------------------------------------------------ STOCKS AND/OR WARRANTS Axsun Technologies, Inc., Cv., Series C 3,170,523 -- -- 3,170,523 $ 35,886,516 Blaze Network Products, Inc., 8% Cv., Series D 1,147,862 -- -- 1,147,862 7,346,317 BroadBand Office, Inc., Cv., Series C 211,641 -- -- 211,641 4,000,015 Centerpoint Broadband Technologies, Inc., Cv., Series D 1,298,701 -- -- 1,298,701 13,999,997 Centerpoint Broadband Technologies, Inc., Cv., Series Z 262,439 -- -- 262,439 6,999,992 fusionOne, Inc., 8% Non-Cum. Cv., Series D 2,663,972 -- -- 2,663,972 13,886,753 MicroPhotonix Integration Corp., Cv., Series C 633,383 -- -- 633,383 4,000,003 Multiplex, Inc., Cv., Series C 2,330,253 -- -- 2,330,253 16,869,400 Questia Media, Inc., Cv., Series B 2,329,735 -- -- 2,329,735 8,292,458 ------------- $ 111,281,451 =============
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 $1,053,621,902 =============== Gross unrealized appreciation $ 192,631,240 Gross unrealized depreciation (136,588,336) --------------- Net unrealized appreciation $ 56,042,904 =============== 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 rq620_11959ex99cert.txt RQ620_11959EX99CERT.TXT Exhibit 99.CERT CERTIFICATIONS I, JOHN V. MURPHY, certify that: 1. I have reviewed this report on Form N-Q of Oppenheimer Aggressive Growth 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 Aggressive Growth 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-----