-----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, FPh0c1htq4sMvOmAMR7SI6PuTLyfT4ADNBvL0gVaUtGNwYSlROnUMSaqZh5Ybk8J RtkRfjedMTBKtJwenM9XZA== 0000935069-04-001884.txt : 20041126 0000935069-04-001884.hdr.sgml : 20041125 20041124174330 ACCESSION NUMBER: 0000935069-04-001884 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: 041168268 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 rq650_11963nq.txt RQ650_11963NQ.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 Main Street 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 Main Street Fund/VA
Shares Value - --------------------------------------------------------------------------------------------------------- COMMON STOCKS--98.1% - --------------------------------------------------------------------------------------------------------- CONSUMER DISCRETIONARY--10.2% - --------------------------------------------------------------------------------------------------------- AUTO COMPONENTS--0.1% Aftermarket Technology Corp. 1 452 $ 5,686 - --------------------------------------------------------------------------------------------------------- Autoliv, Inc. 14,200 573,680 - --------------------------------------------------------------------------------------------------------- Dana Corp. 70,100 1,240,069 - --------------------------------------------------------------------------------------------------------- Lear Corp. 5,700 310,365 ------------------- 2,129,800 - --------------------------------------------------------------------------------------------------------- AUTOMOBILES--0.4% Ford Motor Co. 227,315 3,193,776 - --------------------------------------------------------------------------------------------------------- General Motors Corp. 29,700 1,261,656 - --------------------------------------------------------------------------------------------------------- Harley-Davidson, Inc. 12,000 713,280 ------------------- 5,168,712 - --------------------------------------------------------------------------------------------------------- DISTRIBUTORS--0.0% Genuine Parts Co. 3,900 149,682 - --------------------------------------------------------------------------------------------------------- HOTELS, RESTAURANTS & LEISURE--1.1% Applebee's International, Inc. 23,700 599,136 - --------------------------------------------------------------------------------------------------------- Caesars Entertainment, Inc. 1 45,900 766,530 - --------------------------------------------------------------------------------------------------------- CBRL Group, Inc. 23,800 858,704 - --------------------------------------------------------------------------------------------------------- CEC Entertainment, Inc. 1 24,600 904,050 - --------------------------------------------------------------------------------------------------------- Choice Hotels International, Inc. 2,400 138,216 - --------------------------------------------------------------------------------------------------------- Harrah's Entertainment, Inc. 8,600 455,628 - --------------------------------------------------------------------------------------------------------- International Game Technology 72,800 2,617,160 - --------------------------------------------------------------------------------------------------------- Jack in the Box, Inc. 1 3,700 117,401 - --------------------------------------------------------------------------------------------------------- Mandalay Resort Group 19,600 1,345,540 - --------------------------------------------------------------------------------------------------------- Marriott International, Inc., Cl. A 27,200 1,413,312 - --------------------------------------------------------------------------------------------------------- McDonald's Corp. 172,850 4,844,986 - --------------------------------------------------------------------------------------------------------- Rare Hospitality International, Inc. 1 7,000 186,550 - --------------------------------------------------------------------------------------------------------- Yum! Brands, Inc. 57,700 2,346,082 ------------------- 16,593,295 - --------------------------------------------------------------------------------------------------------- HOUSEHOLD DURABLES--0.6% Black & Decker Corp. 11,200 867,328 - --------------------------------------------------------------------------------------------------------- Cavco Industries, Inc. 1 815 30,783 - --------------------------------------------------------------------------------------------------------- D.R. Horton, Inc. 4,250 140,718 - --------------------------------------------------------------------------------------------------------- Harman International Industries, Inc. 5,200 560,300 - --------------------------------------------------------------------------------------------------------- Hovnanian Enterprises, Inc., Cl. A 1 22,500 902,250 - --------------------------------------------------------------------------------------------------------- KB Home 18,800 1,588,412 - --------------------------------------------------------------------------------------------------------- Leggett & Platt, Inc. 3,500 98,350 - --------------------------------------------------------------------------------------------------------- Lennar Corp., Cl. B 9,160 401,208 - --------------------------------------------------------------------------------------------------------- M.D.C. Holdings, Inc. 17,033 1,245,112 - --------------------------------------------------------------------------------------------------------- Meritage Homes Corp. 1 4,200 330,120 - --------------------------------------------------------------------------------------------------------- Newell Rubbermaid, Inc. 6,300 126,252 - --------------------------------------------------------------------------------------------------------- NVR, Inc. 1 100 55,100 - --------------------------------------------------------------------------------------------------------- Pulte Homes, Inc. 4,688 287,703 - --------------------------------------------------------------------------------------------------------- Ryland Group, Inc. (The) 14,900 1,380,634 - --------------------------------------------------------------------------------------------------------- Standard Pacific Corp. 10,500 591,885 - --------------------------------------------------------------------------------------------------------- Stanley Works (The) 10,000 425,300 - --------------------------------------------------------------------------------------------------------- Toll Brothers, Inc. 1 100 4,633 - --------------------------------------------------------------------------------------------------------- Whirlpool Corp. 7,200 432,648 - --------------------------------------------------------------------------------------------------------- Yankee Candle, Inc. (The) 1 3,700 107,152 ------------------- 9,575,888 - --------------------------------------------------------------------------------------------------------- INTERNET & CATALOG RETAIL--0.5% Amazon.com, Inc. 1 33,400 1,364,724 - --------------------------------------------------------------------------------------------------------- eBay, Inc. 1 55,400 5,093,476 - --------------------------------------------------------------------------------------------------------- IAC/InterActiveCorp 1 27,900 614,358 ------------------- 7,072,558 - --------------------------------------------------------------------------------------------------------- LEISURE EQUIPMENT & PRODUCTS--0.1% Action Performance Cos., Inc. 31,100 315,043 - --------------------------------------------------------------------------------------------------------- Brunswick Corp. 11,000 503,360 - --------------------------------------------------------------------------------------------------------- Hasbro, Inc. 22,700 426,760 - --------------------------------------------------------------------------------------------------------- Marvel Enterprises, Inc. 1 4,200 61,152 - --------------------------------------------------------------------------------------------------------- Polaris Industries, Inc. 2,000 111,640 ------------------- 1,417,955 - --------------------------------------------------------------------------------------------------------- MEDIA--2.9% Clear Channel Communications, Inc. 54,000 1,683,180 - --------------------------------------------------------------------------------------------------------- Comcast Corp., Cl. A 1 316,215 8,929,912 - --------------------------------------------------------------------------------------------------------- Cox Communications, Inc., Cl. A 1 45,600 1,510,728 - --------------------------------------------------------------------------------------------------------- E.W. Scripps Co. (The), Cl. A 2,400 114,672 - --------------------------------------------------------------------------------------------------------- Knight-Ridder, Inc. 1,700 111,265 - --------------------------------------------------------------------------------------------------------- McGraw-Hill Cos., Inc. (The) 36,000 2,868,840 - --------------------------------------------------------------------------------------------------------- New York Times Co. (The), Cl. A 2,200 86,020 - --------------------------------------------------------------------------------------------------------- Time Warner, Inc. 1 676,300 10,915,482 - --------------------------------------------------------------------------------------------------------- Viacom, Inc., Cl. B 289,430 9,713,271 - --------------------------------------------------------------------------------------------------------- Walt Disney Co. (The) 333,000 7,509,150 ------------------- 43,442,520 - --------------------------------------------------------------------------------------------------------- MULTILINE RETAIL--0.8% Dillard's, Inc., Cl. A 29,300 578,382 - --------------------------------------------------------------------------------------------------------- Dollar General Corp. 4,800 96,720 - --------------------------------------------------------------------------------------------------------- Federated Department Stores, Inc. 30,000 1,362,900 - --------------------------------------------------------------------------------------------------------- J.C. Penney Co., Inc. (Holding Co.) 28,100 991,368 - --------------------------------------------------------------------------------------------------------- Kmart Holding Corp. 1 8,600 752,242 - --------------------------------------------------------------------------------------------------------- May Department Stores Co. (The) 19,300 494,659 - --------------------------------------------------------------------------------------------------------- Neiman Marcus Group, Inc. (The), Cl. A 4,600 264,500 - --------------------------------------------------------------------------------------------------------- Nordstrom, Inc. 25,900 990,416 - --------------------------------------------------------------------------------------------------------- Sears Roebuck & Co. 32,600 1,299,110 - --------------------------------------------------------------------------------------------------------- Target Corp. 95,500 4,321,375 ------------------- 11,151,672 - --------------------------------------------------------------------------------------------------------- SPECIALTY RETAIL--3.4% Abercrombie & Fitch Co., Cl. A 27,300 859,950 - --------------------------------------------------------------------------------------------------------- Aeropostale, Inc. 1 16,500 432,300 - --------------------------------------------------------------------------------------------------------- American Eagle Outfitters, Inc. 23,700 873,345 - --------------------------------------------------------------------------------------------------------- AnnTaylor Stores Corp. 1 21,600 505,440 - --------------------------------------------------------------------------------------------------------- AutoNation, Inc. 1 37,800 645,624 - --------------------------------------------------------------------------------------------------------- Barnes & Noble, Inc. 1 2,300 85,100 - --------------------------------------------------------------------------------------------------------- Best Buy Co., Inc. 52,800 2,863,872 - --------------------------------------------------------------------------------------------------------- Borders Group, Inc. 37,600 932,480 - --------------------------------------------------------------------------------------------------------- Circuit City Stores, Inc./Circuit City Group 54,600 837,564 - --------------------------------------------------------------------------------------------------------- Claire's Stores, Inc. 55,200 1,382,208 - --------------------------------------------------------------------------------------------------------- Electronics Boutique Holdings Corp. 1 800 27,280 - --------------------------------------------------------------------------------------------------------- Foot Locker, Inc. 12,500 296,250 - --------------------------------------------------------------------------------------------------------- Gap, Inc. (The) 209,400 3,915,780 - --------------------------------------------------------------------------------------------------------- Hollywood Entertainment Corp. 1 11,200 110,544 - --------------------------------------------------------------------------------------------------------- Home Depot, Inc. 540,200 21,175,840 - --------------------------------------------------------------------------------------------------------- Limited Brands, Inc. 21,400 477,006 - --------------------------------------------------------------------------------------------------------- Lowe's Cos., Inc. 58,700 3,190,345 - --------------------------------------------------------------------------------------------------------- Michaels Stores, Inc. 4,200 248,682 - --------------------------------------------------------------------------------------------------------- Office Depot, Inc. 1 47,800 718,434 - --------------------------------------------------------------------------------------------------------- Pacific Sunwear of California, Inc. 1 54,475 1,146,699 - --------------------------------------------------------------------------------------------------------- RadioShack Corp. 12,300 352,272 - --------------------------------------------------------------------------------------------------------- Sherwin-Williams Co. 25,500 1,120,980 - --------------------------------------------------------------------------------------------------------- Staples, Inc. 176,500 5,263,230 - --------------------------------------------------------------------------------------------------------- Talbots, Inc. (The) 24,600 609,834 - --------------------------------------------------------------------------------------------------------- TJX Cos., Inc. (The) 79,100 1,743,364 - --------------------------------------------------------------------------------------------------------- Zale Corp. 1 27,800 781,180 ------------------- 50,595,603 - --------------------------------------------------------------------------------------------------------- TEXTILES, APPAREL & LUXURY GOODS--0.3% Jones Apparel Group, Inc. 9,100 325,780 - --------------------------------------------------------------------------------------------------------- Nike, Inc., Cl. B 28,100 2,214,280 - --------------------------------------------------------------------------------------------------------- Timberland Co., Cl. A 1 21,300 1,209,840 ------------------- 3,749,900 - --------------------------------------------------------------------------------------------------------- CONSUMER STAPLES--10.2% - --------------------------------------------------------------------------------------------------------- BEVERAGES--2.9% Anheuser-Busch Cos., Inc. 97,500 4,870,125 - --------------------------------------------------------------------------------------------------------- Coca-Cola Co. (The) 471,900 18,899,595 - --------------------------------------------------------------------------------------------------------- Pepsi Bottling Group, Inc. (The) 37,600 1,020,840 - --------------------------------------------------------------------------------------------------------- PepsiAmericas, Inc. 3,500 66,850 - --------------------------------------------------------------------------------------------------------- PepsiCo, Inc. 384,650 18,713,223 ------------------- 43,570,633 - --------------------------------------------------------------------------------------------------------- FOOD & STAPLES RETAILING--2.3% Albertson's, Inc. 21,200 507,316 - --------------------------------------------------------------------------------------------------------- Costco Wholesale Corp. 81,900 3,403,764 - --------------------------------------------------------------------------------------------------------- Sysco Corp. 83,900 2,510,288 - --------------------------------------------------------------------------------------------------------- Wal-Mart Stores, Inc. 499,200 26,557,440 - --------------------------------------------------------------------------------------------------------- Walgreen Co. 33,500 1,200,305 ------------------- 34,179,113 - --------------------------------------------------------------------------------------------------------- FOOD PRODUCTS--0.7% Archer-Daniels-Midland Co. 13,700 232,626 - --------------------------------------------------------------------------------------------------------- Corn Products International, Inc. 12,300 567,030 - --------------------------------------------------------------------------------------------------------- Heinz (H.J.) Co. 105,300 3,792,906 - --------------------------------------------------------------------------------------------------------- Hershey Foods Corp. 9,700 453,087 - --------------------------------------------------------------------------------------------------------- Kellogg Co. 37,900 1,616,814 - --------------------------------------------------------------------------------------------------------- Kraft Foods, Inc., Cl. A 1,800 57,096 - --------------------------------------------------------------------------------------------------------- Sara Lee Corp. 80,900 1,849,374 - --------------------------------------------------------------------------------------------------------- Smithfield Foods, Inc. 1 11,500 287,500 - --------------------------------------------------------------------------------------------------------- Tyson Foods, Inc., Cl. A 42,200 676,044 ------------------- 9,532,477 - --------------------------------------------------------------------------------------------------------- HOUSEHOLD PRODUCTS--2.2% Colgate-Palmolive Co. 58,300 2,633,994 - --------------------------------------------------------------------------------------------------------- Energizer Holdings, Inc. 1 7,200 331,920 - --------------------------------------------------------------------------------------------------------- Kimberly-Clark Corp. 44,900 2,900,091 - --------------------------------------------------------------------------------------------------------- Procter & Gamble Co. (The) 497,300 26,913,876 ------------------- 32,779,881 - --------------------------------------------------------------------------------------------------------- PERSONAL PRODUCTS--0.5% Estee Lauder Cos., Inc. (The), Cl. A 21,100 881,980 - --------------------------------------------------------------------------------------------------------- Gillette Co. 144,800 6,043,952 ------------------- 6,925,932 - --------------------------------------------------------------------------------------------------------- TOBACCO--1.6% Altria Group, Inc. 478,900 22,527,456 - --------------------------------------------------------------------------------------------------------- Reynolds American, Inc. 19,900 1,353,996 - --------------------------------------------------------------------------------------------------------- UST, Inc. 5,300 213,378 ------------------- 24,094,830 - --------------------------------------------------------------------------------------------------------- ENERGY--8.9% - --------------------------------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES--0.1% Halliburton Co. 25,500 859,095 - --------------------------------------------------------------------------------------------------------- Oil States International, Inc. 1 32,900 615,230 - --------------------------------------------------------------------------------------------------------- Precision Drilling Corp. 1 6,300 362,747 ------------------- 1,837,072 - --------------------------------------------------------------------------------------------------------- OIL & GAS--8.8% Amerada Hess Corp. 11,800 1,050,200 - --------------------------------------------------------------------------------------------------------- Apache Corp. 42,600 2,134,686 - --------------------------------------------------------------------------------------------------------- Burlington Resources, Inc. 89,300 3,643,440 - --------------------------------------------------------------------------------------------------------- Canadian Natural Resources Ltd. 60,700 2,430,117 - --------------------------------------------------------------------------------------------------------- Chesapeake Energy Corp. 31,700 501,811 - --------------------------------------------------------------------------------------------------------- ChevronTexaco Corp. 486,000 26,069,040 - --------------------------------------------------------------------------------------------------------- Cimarex Energy Co. 1 2,239 78,231 - --------------------------------------------------------------------------------------------------------- ConocoPhillips 126,221 10,457,410 - --------------------------------------------------------------------------------------------------------- EOG Resources, Inc. 11,800 777,030 - --------------------------------------------------------------------------------------------------------- Exxon Mobil Corp. 1,229,516 59,422,508 - --------------------------------------------------------------------------------------------------------- Frontier Oil Corp. 120,400 2,842,644 - --------------------------------------------------------------------------------------------------------- Houston Exploration Co. 1 12,500 741,875 - --------------------------------------------------------------------------------------------------------- Kerr-McGee Corp. 4,400 251,900 - --------------------------------------------------------------------------------------------------------- Marathon Oil Corp. 66,100 2,728,608 - --------------------------------------------------------------------------------------------------------- Newfield Exploration Co. 1 5,400 330,696 - --------------------------------------------------------------------------------------------------------- Noble Energy, Inc. 22,700 1,322,048 - --------------------------------------------------------------------------------------------------------- Occidental Petroleum Corp. 54,900 3,070,557 - --------------------------------------------------------------------------------------------------------- OMI Corp. 34,700 555,894 - --------------------------------------------------------------------------------------------------------- Overseas Shipholding Group, Inc. 14,700 729,708 - --------------------------------------------------------------------------------------------------------- Paramount Resources Ltd. 1 155,200 2,860,631 - --------------------------------------------------------------------------------------------------------- Pioneer Natural Resources Co. 5,700 196,536 - --------------------------------------------------------------------------------------------------------- Pogo Producing Co. 2,800 132,860 - --------------------------------------------------------------------------------------------------------- Sunoco, Inc. 21,900 1,620,162 - --------------------------------------------------------------------------------------------------------- Talisman Energy, Inc. 91,000 2,365,538 - --------------------------------------------------------------------------------------------------------- Teekay Shipping Corp. 17,000 732,530 - --------------------------------------------------------------------------------------------------------- Tesoro Petroleum Corp. 1 9,300 274,629 - --------------------------------------------------------------------------------------------------------- Unocal Corp. 43,900 1,887,700 - --------------------------------------------------------------------------------------------------------- Valero Energy Corp. 2,700 216,567 - --------------------------------------------------------------------------------------------------------- Williams Cos., Inc. (The) 73,300 886,930 ------------------- 130,312,486 - --------------------------------------------------------------------------------------------------------- FINANCIALS--22.5% - --------------------------------------------------------------------------------------------------------- CAPITAL MARKETS--0.3% Bank of New York Co., Inc. (The) 102,600 2,992,842 - --------------------------------------------------------------------------------------------------------- Mellon Financial Corp. 100 2,769 - --------------------------------------------------------------------------------------------------------- Northern Trust Corp. 24,200 987,360 ------------------- 3,982,971 - --------------------------------------------------------------------------------------------------------- COMMERCIAL BANKS--7.9% Astoria Financial Corp. 7,400 262,626 - --------------------------------------------------------------------------------------------------------- Bank of America Corp. 850,002 36,830,587 - --------------------------------------------------------------------------------------------------------- Banknorth Group, Inc. 34,400 1,204,000 - --------------------------------------------------------------------------------------------------------- BB&T Corp. 40,800 1,619,352 - --------------------------------------------------------------------------------------------------------- City National Corp. 2,900 188,355 - --------------------------------------------------------------------------------------------------------- Colonial BancGroup, Inc. (The) 100 2,045 - --------------------------------------------------------------------------------------------------------- Comerica, Inc. 20,700 1,228,545 - --------------------------------------------------------------------------------------------------------- Fifth Third Bancorp 47,000 2,313,340 - --------------------------------------------------------------------------------------------------------- First Horizon National Corp. 1,500 65,040 - --------------------------------------------------------------------------------------------------------- Flagstar Bancorp, Inc. 3,200 68,096 - --------------------------------------------------------------------------------------------------------- Golden West Financial Corp. 1,800 199,710 - --------------------------------------------------------------------------------------------------------- Greenpoint Financial Corp. 56,500 2,613,690 - --------------------------------------------------------------------------------------------------------- Hibernia Corp., Cl. A 21,900 578,379 - --------------------------------------------------------------------------------------------------------- Huntington Bancshares, Inc. 26,300 655,133 - --------------------------------------------------------------------------------------------------------- Independence Community Bank Corp. 16,900 659,945 - --------------------------------------------------------------------------------------------------------- Indymac Mortgage Holdings, Inc. 21,800 789,160 - --------------------------------------------------------------------------------------------------------- KeyCorp 54,900 1,734,840 - --------------------------------------------------------------------------------------------------------- M&T Bank Corp. 9,400 899,580 - --------------------------------------------------------------------------------------------------------- National City Corp. 124,100 4,792,742 - --------------------------------------------------------------------------------------------------------- PNC Financial Services Group, Inc. 62,800 3,397,480 - --------------------------------------------------------------------------------------------------------- R&G Financial Corp., Cl. B 900 34,785 - --------------------------------------------------------------------------------------------------------- Regions Financial Corp. 21,605 714,261 - --------------------------------------------------------------------------------------------------------- SunTrust Banks, Inc. 56,400 3,971,124 - --------------------------------------------------------------------------------------------------------- U.S. Bancorp 518,170 14,975,113 - --------------------------------------------------------------------------------------------------------- UnionBanCal Corp. 21,900 1,296,699 - --------------------------------------------------------------------------------------------------------- Wachovia Corp. 318,900 14,972,355 - --------------------------------------------------------------------------------------------------------- Webster Financial Corp. 3,600 177,804 - --------------------------------------------------------------------------------------------------------- Wells Fargo & Co. 333,500 19,886,605 - --------------------------------------------------------------------------------------------------------- Zions Bancorp 10,600 647,024 ------------------- 116,778,415 - --------------------------------------------------------------------------------------------------------- DIVERSIFIED FINANCIAL SERVICES--8.3% Affiliated Managers Group, Inc. 1 4,250 227,545 - --------------------------------------------------------------------------------------------------------- American Capital Strategies Ltd. 3,700 115,958 - --------------------------------------------------------------------------------------------------------- American Express Co. 166,800 8,583,528 - --------------------------------------------------------------------------------------------------------- Bear Stearns Cos., Inc. (The) 18,000 1,731,060 - --------------------------------------------------------------------------------------------------------- Capital One Financial Corp. 24,500 1,810,550 - --------------------------------------------------------------------------------------------------------- Chicago Mercantile Exchange (The) 2,400 387,120 - --------------------------------------------------------------------------------------------------------- CIT Group, Inc. 34,000 1,271,260 - --------------------------------------------------------------------------------------------------------- Citigroup, Inc. 1,073,988 47,384,351 - --------------------------------------------------------------------------------------------------------- E*TRADE Financial Corp. 1 62,300 711,466 - --------------------------------------------------------------------------------------------------------- Franklin Resources, Inc. 500 27,880 - --------------------------------------------------------------------------------------------------------- JPMorgan Chase & Co. 788,544 31,328,853 - --------------------------------------------------------------------------------------------------------- Knight Trading Group, Inc. 1 23,800 219,674 - --------------------------------------------------------------------------------------------------------- Legg Mason, Inc. 6,450 343,592 - --------------------------------------------------------------------------------------------------------- MBNA Corp. 171,900 4,331,880 - --------------------------------------------------------------------------------------------------------- Merrill Lynch & Co., Inc. 177,500 8,825,300 - --------------------------------------------------------------------------------------------------------- Morgan Stanley 248,500 12,251,050 - --------------------------------------------------------------------------------------------------------- Principal Financial Group, Inc. (The) 83,200 2,992,704 - --------------------------------------------------------------------------------------------------------- Schwab (Charles) Corp. 16,700 153,473 - --------------------------------------------------------------------------------------------------------- T. Rowe Price Group, Inc. 2,000 101,880 - --------------------------------------------------------------------------------------------------------- WFS Financial, Inc. 400 18,620 ------------------- 122,817,744 - --------------------------------------------------------------------------------------------------------- INSURANCE--4.4% ACE Ltd. 19,900 797,194 - --------------------------------------------------------------------------------------------------------- AFLAC, Inc. 61,100 2,395,731 - --------------------------------------------------------------------------------------------------------- Allmerica Financial Corp. 1 20,700 556,416 - --------------------------------------------------------------------------------------------------------- Allstate Corp. 143,400 6,881,766 - --------------------------------------------------------------------------------------------------------- AMBAC Financial Group, Inc. 400 31,980 - --------------------------------------------------------------------------------------------------------- American International Group, Inc. 464,440 31,577,276 - --------------------------------------------------------------------------------------------------------- Aon Corp. 48,000 1,379,520 - --------------------------------------------------------------------------------------------------------- Chubb Corp. 26,200 1,841,336 - --------------------------------------------------------------------------------------------------------- Cincinnati Financial Corp. 4,170 171,887 - --------------------------------------------------------------------------------------------------------- Fidelity National Financial, Inc. 38,459 1,465,288 - --------------------------------------------------------------------------------------------------------- First American Corp. (The) 15,900 490,197 - --------------------------------------------------------------------------------------------------------- Hartford Financial Services Group, Inc. (The) 54,200 3,356,606 - --------------------------------------------------------------------------------------------------------- Jefferson-Pilot Corp. 4,200 208,572 - --------------------------------------------------------------------------------------------------------- LandAmerica Financial Group, Inc. 6,700 304,850 - --------------------------------------------------------------------------------------------------------- Lincoln National Corp. 30,800 1,447,600 - --------------------------------------------------------------------------------------------------------- Loews Corp. 25,500 1,491,750 - --------------------------------------------------------------------------------------------------------- Marsh & McLennan Cos., Inc. 10,900 498,784 - --------------------------------------------------------------------------------------------------------- MBIA, Inc. 13,400 780,014 - --------------------------------------------------------------------------------------------------------- MetLife, Inc. 60,500 2,338,325 - --------------------------------------------------------------------------------------------------------- Nationwide Financial Services, Inc., Cl. A 17,400 610,914 - --------------------------------------------------------------------------------------------------------- Progressive Corp. 46,700 3,957,825 - --------------------------------------------------------------------------------------------------------- Reinsurance Group of America, Inc. 23,100 951,720 - --------------------------------------------------------------------------------------------------------- RenaissanceRe Holdings Ltd. 19,100 985,178 - --------------------------------------------------------------------------------------------------------- Safeco Corp. 12,400 566,060 - --------------------------------------------------------------------------------------------------------- StanCorp Financial Group, Inc. 2,800 199,360 - --------------------------------------------------------------------------------------------------------- Torchmark Corp. 2,500 132,950 ------------------- 65,419,099 - --------------------------------------------------------------------------------------------------------- REAL ESTATE--0.0% St. Joe Co. (The) 2,300 109,871 - --------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------- THRIFTS & MORTGAGE FINANCE--1.6% Countrywide Financial Corp. 94,498 3,722,276 - --------------------------------------------------------------------------------------------------------- Doral Financial Corp. 7,825 324,503 - --------------------------------------------------------------------------------------------------------- Fannie Mae 216,100 13,700,740 - --------------------------------------------------------------------------------------------------------- Freddie Mac 59,500 3,881,780 - --------------------------------------------------------------------------------------------------------- Fremont General Corp. 44,900 1,039,435 - --------------------------------------------------------------------------------------------------------- MGIC Investment Corp. 19,500 1,297,725 - --------------------------------------------------------------------------------------------------------- New Century Financial Corp. 9,600 578,112 ------------------- 24,544,571 - --------------------------------------------------------------------------------------------------------- HEALTH CARE--13.5% - --------------------------------------------------------------------------------------------------------- BIOTECHNOLOGY--1.4% Amgen, Inc. 1 204,400 11,585,392 - --------------------------------------------------------------------------------------------------------- Gen-Probe, Inc. 1 2,100 83,727 - --------------------------------------------------------------------------------------------------------- Genentech, Inc. 1 50,500 2,647,210 - --------------------------------------------------------------------------------------------------------- Wyeth 175,900 6,578,660 ------------------- 20,894,989 - --------------------------------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES--1.8% Bard (C.R.), Inc. 1,700 96,271 - --------------------------------------------------------------------------------------------------------- Bausch & Lomb, Inc. 16,200 1,076,490 - --------------------------------------------------------------------------------------------------------- Baxter International, Inc. 3,900 125,424 - --------------------------------------------------------------------------------------------------------- Becton, Dickinson & Co. 43,200 2,233,440 - --------------------------------------------------------------------------------------------------------- Bio-Rad Laboratories, Inc., Cl. A 1 700 35,770 - --------------------------------------------------------------------------------------------------------- Dade Behring Holdings, Inc. 1 2,100 117,008 - --------------------------------------------------------------------------------------------------------- Guidant Corp. 9,500 627,380 - --------------------------------------------------------------------------------------------------------- Hospira, Inc. 1 49,180 1,504,908 - --------------------------------------------------------------------------------------------------------- Medtronic, Inc. 254,300 13,198,170 - --------------------------------------------------------------------------------------------------------- PerkinElmer, Inc. 50,600 871,332 - --------------------------------------------------------------------------------------------------------- St. Jude Medical, Inc. 1 19,600 1,475,292 - --------------------------------------------------------------------------------------------------------- Stryker Corp. 86,800 4,173,344 - --------------------------------------------------------------------------------------------------------- Thermo Electron Corp. 1 11,400 308,028 - --------------------------------------------------------------------------------------------------------- VISX, Inc. 1 9,800 201,880 ------------------- 26,044,737 - --------------------------------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES--1.9% Advisory Board Co. (The) 1 4,500 151,200 - --------------------------------------------------------------------------------------------------------- Aetna, Inc. 33,600 3,357,648 - --------------------------------------------------------------------------------------------------------- AmerisourceBergen Corp. 6,400 343,744 - --------------------------------------------------------------------------------------------------------- Andrx Corp. 1 38,200 854,152 - --------------------------------------------------------------------------------------------------------- Cardinal Health, Inc. 3,900 170,703 - --------------------------------------------------------------------------------------------------------- CIGNA Corp. 17,700 1,232,451 - --------------------------------------------------------------------------------------------------------- Covance, Inc. 1 19,900 795,403 - --------------------------------------------------------------------------------------------------------- Coventry Health Care, Inc. 1 24,350 1,299,560 - --------------------------------------------------------------------------------------------------------- DaVita, Inc. 1 1,100 34,265 - --------------------------------------------------------------------------------------------------------- Express Scripts, Inc. 1 3,400 222,156 - --------------------------------------------------------------------------------------------------------- IMS Health, Inc. 25,500 609,960 - --------------------------------------------------------------------------------------------------------- Laboratory Corp. of America Holdings 1 24,200 1,058,024 - --------------------------------------------------------------------------------------------------------- LifePoint Hospitals, Inc. 1 20,700 621,207 - --------------------------------------------------------------------------------------------------------- Medco Health Solutions, Inc. 1 61,081 1,887,403 - --------------------------------------------------------------------------------------------------------- Pediatrix Medical Group, Inc. 1 17,800 976,330 - --------------------------------------------------------------------------------------------------------- Quest Diagnostics, Inc. 8,400 741,048 - --------------------------------------------------------------------------------------------------------- Select Medical Corp. 8,200 110,126 - --------------------------------------------------------------------------------------------------------- Sunrise Senior Living, Inc. 1 3,000 105,360 - --------------------------------------------------------------------------------------------------------- UnitedHealth Group, Inc. 62,424 4,603,146 - --------------------------------------------------------------------------------------------------------- WellChoice, Inc. 1 7,200 268,776 - --------------------------------------------------------------------------------------------------------- WellPoint Health Networks, Inc. 1 77,100 8,102,439 ------------------- 27,545,101 - --------------------------------------------------------------------------------------------------------- PHARMACEUTICALS--8.4% Abbott Laboratories 237,900 10,077,444 - --------------------------------------------------------------------------------------------------------- Bristol-Myers Squibb Co. 212,900 5,039,343 - --------------------------------------------------------------------------------------------------------- Eli Lilly & Co. 169,300 10,166,465 - --------------------------------------------------------------------------------------------------------- Endo Pharmaceuticals Holdings, Inc. 1 50,000 918,000 - --------------------------------------------------------------------------------------------------------- Eon Labs, Inc. 1 11,400 247,380 - --------------------------------------------------------------------------------------------------------- Forest Laboratories, Inc. 1 13,600 611,728 - --------------------------------------------------------------------------------------------------------- Johnson & Johnson 569,106 32,057,741 - --------------------------------------------------------------------------------------------------------- Merck & Co., Inc. 505,900 16,694,700 - --------------------------------------------------------------------------------------------------------- Pfizer, Inc. 1,615,100 49,422,060 ------------------- 125,234,861 - --------------------------------------------------------------------------------------------------------- INDUSTRIALS--9.4% - --------------------------------------------------------------------------------------------------------- AEROSPACE & DEFENSE--1.3% Boeing Co. 100,000 5,162,000 - --------------------------------------------------------------------------------------------------------- General Dynamics Corp. 12,800 1,306,880 - --------------------------------------------------------------------------------------------------------- Honeywell International, Inc. 81,600 2,926,176 - --------------------------------------------------------------------------------------------------------- Northrop Grumman Corp. 10,200 543,966 - --------------------------------------------------------------------------------------------------------- Precision Castparts Corp. 10,400 624,520 - --------------------------------------------------------------------------------------------------------- United Defense Industries, Inc. 1 15,300 611,847 - --------------------------------------------------------------------------------------------------------- United Technologies Corp. 94,500 8,824,410 ------------------- 19,999,799 - --------------------------------------------------------------------------------------------------------- AIR FREIGHT & LOGISTICS--0.5% EGL, Inc. 1 8,000 242,080 - --------------------------------------------------------------------------------------------------------- Expeditors International of Washington, Inc. 2,200 113,740 - --------------------------------------------------------------------------------------------------------- United Parcel Service, Inc., Cl. B 102,300 7,766,616 ------------------- 8,122,436 - --------------------------------------------------------------------------------------------------------- BUILDING PRODUCTS--0.2% American Standard Cos., Inc. 1 7,100 276,261 - --------------------------------------------------------------------------------------------------------- Masco Corp. 61,900 2,137,407 ------------------- 2,413,668 - --------------------------------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES--0.4% Apollo Group, Inc., Cl. A 1 22,300 1,636,151 - --------------------------------------------------------------------------------------------------------- Cendant Corp. 41,400 894,240 - --------------------------------------------------------------------------------------------------------- Cintas Corp. 1,500 63,060 - --------------------------------------------------------------------------------------------------------- H&R Block, Inc. 8,300 410,186 - --------------------------------------------------------------------------------------------------------- ITT Educational Services, Inc. 1 14,100 508,305 - --------------------------------------------------------------------------------------------------------- Republic Services, Inc. 29,500 877,920 - --------------------------------------------------------------------------------------------------------- Robert Half International, Inc. 44,700 1,151,919 - --------------------------------------------------------------------------------------------------------- Waste Management, Inc. 20,300 555,002 ------------------- 6,096,783 - --------------------------------------------------------------------------------------------------------- ELECTRICAL EQUIPMENT--0.3% Cooper Industries Ltd., Cl. A 6,800 401,200 - --------------------------------------------------------------------------------------------------------- Emerson Electric Co. 53,500 3,311,115 - --------------------------------------------------------------------------------------------------------- Hubbell, Inc., Cl. B 1,500 67,245 - --------------------------------------------------------------------------------------------------------- Molex, Inc., Cl. A 20,750 545,933 - --------------------------------------------------------------------------------------------------------- Rockwell Automation, Inc. 8,100 313,470 - --------------------------------------------------------------------------------------------------------- Thomas & Betts Corp. 1 200 5,364 ------------------- 4,644,327 - --------------------------------------------------------------------------------------------------------- INDUSTRIAL CONGLOMERATES--5.5% 3M Co. 200,200 16,009,994 - --------------------------------------------------------------------------------------------------------- General Electric Co. 1,924,300 64,617,994 - --------------------------------------------------------------------------------------------------------- Textron, Inc. 10,000 642,700 ------------------- 81,270,688 - --------------------------------------------------------------------------------------------------------- MACHINERY--0.8% Briggs & Stratton Corp. 9,200 747,040 - --------------------------------------------------------------------------------------------------------- Caterpillar, Inc. 24,300 1,954,935 - --------------------------------------------------------------------------------------------------------- Cummins, Inc. 8,800 650,232 - --------------------------------------------------------------------------------------------------------- Deere & Co. 26,100 1,684,755 - --------------------------------------------------------------------------------------------------------- Dover Corp. 5,100 198,237 - --------------------------------------------------------------------------------------------------------- Illinois Tool Works, Inc. 8,400 782,628 - --------------------------------------------------------------------------------------------------------- Ingersoll-Rand Co., Cl. A 23,200 1,576,904 - --------------------------------------------------------------------------------------------------------- Paccar, Inc. 36,650 2,533,248 - --------------------------------------------------------------------------------------------------------- Pall Corp. 14,100 345,168 - --------------------------------------------------------------------------------------------------------- Parker-Hannifin Corp. 15,700 924,102 - --------------------------------------------------------------------------------------------------------- SPX Corp. 5,100 180,540 ------------------- 11,577,789 - --------------------------------------------------------------------------------------------------------- ROAD & RAIL--0.3% CNF Transportation, Inc. 17,300 709,127 - --------------------------------------------------------------------------------------------------------- Hunt (J.B.) Transport Services, Inc. 26,200 973,068 - --------------------------------------------------------------------------------------------------------- Norfolk Southern Corp. 46,200 1,373,988 - --------------------------------------------------------------------------------------------------------- Ryder Systems, Inc. 22,400 1,053,696 ------------------- 4,109,879 - --------------------------------------------------------------------------------------------------------- TRADING COMPANIES & DISTRIBUTORS--0.1% W.W. Grainger, Inc. 13,000 749,450 - --------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------- INFORMATION TECHNOLOGY--16.7% - --------------------------------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT--3.4% ADTRAN, Inc. 7,100 161,028 - --------------------------------------------------------------------------------------------------------- Avaya, Inc. 1 33,300 464,202 - --------------------------------------------------------------------------------------------------------- Brocade Communications Systems, Inc. 1 25,900 146,335 - --------------------------------------------------------------------------------------------------------- Cisco Systems, Inc. 1 1,384,600 25,061,260 - --------------------------------------------------------------------------------------------------------- Comverse Technology, Inc. 1 3,500 65,905 - --------------------------------------------------------------------------------------------------------- Corning, Inc. 1 87,200 966,176 - --------------------------------------------------------------------------------------------------------- Harris Corp. 16,500 906,510 - --------------------------------------------------------------------------------------------------------- Lucent Technologies, Inc. 1 472,900 1,499,093 - --------------------------------------------------------------------------------------------------------- Motorola, Inc. 379,800 6,851,592 - --------------------------------------------------------------------------------------------------------- QUALCOMM, Inc. 326,500 12,746,560 - --------------------------------------------------------------------------------------------------------- Scientific-Atlanta, Inc. 43,100 1,117,152 ------------------- 49,985,813 - --------------------------------------------------------------------------------------------------------- COMPUTERS & PERIPHERALS--4.5% Apple Computer, Inc. 1 66,400 2,573,000 - --------------------------------------------------------------------------------------------------------- Dell, Inc. 1 540,800 19,252,480 - --------------------------------------------------------------------------------------------------------- Hewlett-Packard Co. 671,900 12,598,125 - --------------------------------------------------------------------------------------------------------- International Business Machines Corp. 305,200 26,167,848 - --------------------------------------------------------------------------------------------------------- Lexmark International, Inc., Cl. A 1 40,000 3,360,400 - --------------------------------------------------------------------------------------------------------- NCR Corp. 1 15,300 758,727 - --------------------------------------------------------------------------------------------------------- Storage Technology Corp. 1 30,400 767,904 - --------------------------------------------------------------------------------------------------------- Sun Microsystems, Inc. 1 153,400 619,736 ------------------- 66,098,220 - --------------------------------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS--0.2% Agilent Technologies, Inc. 1 39,700 856,329 - --------------------------------------------------------------------------------------------------------- Amphenol Corp., Cl. A 1 16,000 548,160 - --------------------------------------------------------------------------------------------------------- Arrow Electronics, Inc. 1 24,700 557,726 - --------------------------------------------------------------------------------------------------------- Molex, Inc. 15,600 465,192 - --------------------------------------------------------------------------------------------------------- Sanmina-SCI Corp. 1 68,700 484,335 - --------------------------------------------------------------------------------------------------------- Tech Data Corp. 1 9,500 366,225 - --------------------------------------------------------------------------------------------------------- Tektronix, Inc. 7,800 259,350 ------------------- 3,537,317 - --------------------------------------------------------------------------------------------------------- INTERNET SOFTWARE & SERVICES--0.0% EarthLink, Inc. 1 14,400 148,320 - --------------------------------------------------------------------------------------------------------- United Online, Inc. 1 40,100 385,762 ------------------- 534,082 - --------------------------------------------------------------------------------------------------------- IT SERVICES--0.4% Acxiom Corp. 9,300 220,782 - --------------------------------------------------------------------------------------------------------- Automatic Data Processing, Inc. 100,000 4,132,000 - --------------------------------------------------------------------------------------------------------- BISYS Group, Inc. (The) 1 10,500 153,405 - --------------------------------------------------------------------------------------------------------- CheckFree Corp. 1 17,700 489,759 - --------------------------------------------------------------------------------------------------------- Computer Sciences Corp. 1 20,900 984,390 - --------------------------------------------------------------------------------------------------------- Convergys Corp. 1 42,400 569,432 - --------------------------------------------------------------------------------------------------------- CSG Systems International, Inc. 1 5,600 86,296 ------------------- 6,636,064 - --------------------------------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT--3.3% Altera Corp. 1 60,900 1,191,813 - --------------------------------------------------------------------------------------------------------- Analog Devices, Inc. 102,000 3,955,560 - --------------------------------------------------------------------------------------------------------- Applied Materials, Inc. 1 153,300 2,527,917 - --------------------------------------------------------------------------------------------------------- Atmel Corp. 1 147,200 532,864 - --------------------------------------------------------------------------------------------------------- Cree, Inc. 1 17,700 540,381 - --------------------------------------------------------------------------------------------------------- Intel Corp. 1,486,500 29,819,190 - --------------------------------------------------------------------------------------------------------- Linear Technology Corp. 34,800 1,261,152 - --------------------------------------------------------------------------------------------------------- Maxim Integrated Products, Inc. 3,000 126,870 - --------------------------------------------------------------------------------------------------------- Microchip Technology, Inc. 40,100 1,076,284 - --------------------------------------------------------------------------------------------------------- National Semiconductor Corp. 1 71,100 1,101,339 - --------------------------------------------------------------------------------------------------------- Semtech Corp. 1 12,000 230,040 - --------------------------------------------------------------------------------------------------------- Texas Instruments, Inc. 300,900 6,403,152 ------------------- 48,766,562 - --------------------------------------------------------------------------------------------------------- SOFTWARE--4.9% Adobe Systems, Inc. 21,800 1,078,446 - --------------------------------------------------------------------------------------------------------- Amdocs Ltd. 1 27,000 589,410 - --------------------------------------------------------------------------------------------------------- Autodesk, Inc. 23,400 1,137,942 - --------------------------------------------------------------------------------------------------------- BMC Software, Inc. 1 51,400 812,634 - --------------------------------------------------------------------------------------------------------- Computer Associates International, Inc. 37,600 988,880 - --------------------------------------------------------------------------------------------------------- Compuware Corp. 1 138,200 711,730 - --------------------------------------------------------------------------------------------------------- Electronic Arts, Inc. 1 9,200 423,108 - --------------------------------------------------------------------------------------------------------- McAfee, Inc. 1 21,500 432,150 - --------------------------------------------------------------------------------------------------------- Microsoft Corp. 1,763,900 48,771,835 - --------------------------------------------------------------------------------------------------------- Oracle Corp. 1 1,051,200 11,857,536 - --------------------------------------------------------------------------------------------------------- Siebel Systems, Inc. 1 32,200 242,788 - --------------------------------------------------------------------------------------------------------- Sybase, Inc. 1 46,800 645,372 - --------------------------------------------------------------------------------------------------------- Symantec Corp. 1 51,000 2,798,880 - --------------------------------------------------------------------------------------------------------- Take-Two Interactive Software, Inc. 1 14,300 469,755 - --------------------------------------------------------------------------------------------------------- TIBCO Software, Inc. 1 61,200 520,812 - --------------------------------------------------------------------------------------------------------- Veritas Software Corp. 1 54,400 968,320 ------------------- 72,449,598 - --------------------------------------------------------------------------------------------------------- MATERIALS--1.8% - --------------------------------------------------------------------------------------------------------- CHEMICALS--0.7% Cabot Corp. 5,400 208,278 - --------------------------------------------------------------------------------------------------------- Dow Chemical Co. 95,000 4,292,100 - --------------------------------------------------------------------------------------------------------- E.I. DuPont de Nemours & Co. 58,600 2,508,080 - --------------------------------------------------------------------------------------------------------- Eastman Chemical Co. 3,200 152,160 - --------------------------------------------------------------------------------------------------------- Engelhard Corp. 7,500 212,625 - --------------------------------------------------------------------------------------------------------- FMC Corp. 1 2,500 121,425 - --------------------------------------------------------------------------------------------------------- Monsanto Co. 49,000 1,784,580 - --------------------------------------------------------------------------------------------------------- OM Group, Inc. 1 9,500 347,320 - --------------------------------------------------------------------------------------------------------- PPG Industries, Inc. 1,500 91,920 - --------------------------------------------------------------------------------------------------------- Rohm & Haas Co. 4,000 171,880 ------------------- 9,890,368 - --------------------------------------------------------------------------------------------------------- CONSTRUCTION MATERIALS--0.1% Eagle Materials, Inc. 6,243 430,767 - --------------------------------------------------------------------------------------------------------- Vulcan Materials Co. 5,000 254,750 ------------------- 685,517 - --------------------------------------------------------------------------------------------------------- METALS & MINING--0.7% Alcoa, Inc. 195,700 6,573,563 - --------------------------------------------------------------------------------------------------------- Nucor Corp. 17,400 1,589,838 - --------------------------------------------------------------------------------------------------------- Phelps Dodge Corp. 18,500 1,702,555 - --------------------------------------------------------------------------------------------------------- Southern Peru Copper Corp. 1,600 82,656 - --------------------------------------------------------------------------------------------------------- United States Steel Corp. 18,500 695,970 ------------------- 10,644,582 - --------------------------------------------------------------------------------------------------------- PAPER & FOREST PRODUCTS--0.3% Georgia-Pacific Corp. 46,100 1,657,295 - --------------------------------------------------------------------------------------------------------- Louisiana-Pacific Corp. 53,700 1,393,515 - --------------------------------------------------------------------------------------------------------- MeadWestvaco Corp. 28,300 902,770 - --------------------------------------------------------------------------------------------------------- Weyerhaeuser Co. 16,000 1,063,680 ------------------- 5,017,260 - --------------------------------------------------------------------------------------------------------- TELECOMMUNICATION SERVICES--4.4% - --------------------------------------------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES--3.6% Alltel Corp. 43,900 2,410,549 - --------------------------------------------------------------------------------------------------------- BellSouth Corp. 378,500 10,264,920 - --------------------------------------------------------------------------------------------------------- CenturyTel, Inc. 27,600 945,024 - --------------------------------------------------------------------------------------------------------- Citizens Communications Co. 115,400 1,545,206 - --------------------------------------------------------------------------------------------------------- SBC Communications, Inc. 710,900 18,447,855 - --------------------------------------------------------------------------------------------------------- Verizon Communications, Inc. 509,756 20,074,191 ------------------- 53,687,745 - --------------------------------------------------------------------------------------------------------- WIRELESS TELECOMMUNICATION SERVICES--0.8% AT&T Wireless Services, Inc. 1 553,300 8,177,774 - --------------------------------------------------------------------------------------------------------- Nextel Communications, Inc., Cl. A 1 161,000 3,838,240 ------------------- 12,016,014 - --------------------------------------------------------------------------------------------------------- UTILITIES--0.5% - --------------------------------------------------------------------------------------------------------- ELECTRIC UTILITIES--0.5% American Electric Power Co., Inc. 8,900 284,444 - --------------------------------------------------------------------------------------------------------- Constellation Energy Group, Inc. 14,500 577,680 - --------------------------------------------------------------------------------------------------------- Duke Energy Corp. 90,300 2,066,967 - --------------------------------------------------------------------------------------------------------- Edison International, Inc. 42,700 1,131,977 - --------------------------------------------------------------------------------------------------------- Exelon Corp. 77,148 2,830,560 - --------------------------------------------------------------------------------------------------------- Progress Energy, Inc., Contingent Value Obligation 1,2 32,000 5,440 - --------------------------------------------------------------------------------------------------------- Wisconsin Energy Corp. 1,600 51,040 ------------------- 6,948,108 - --------------------------------------------------------------------------------------------------------- GAS UTILITIES--0.0% ONEOK, Inc. 400 10,403 ------------------- Total Common Stocks (Cost $1,330,347,859) 1,453,544,840 - --------------------------------------------------------------------------------------------------------- PREFERRED STOCKS--0.0% Wachovia Corp., Dividend Equalization Preferred Shares 1 (Cost $0) 6,000 9 Units - --------------------------------------------------------------------------------------------------------- RIGHTS, WARRANTS AND CERTIFICATES--0.0% Dime Bancorp, Inc. Wts., Exp. 1/2/10 1 (Cost $0) 31,900 4,466 Principal Amount Value - --------------------------------------------------------------------------------------------------------- JOINT REPURCHASE AGREEMENTS--1.6% Undivided interest of 1.65% 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 $23,849,192 on 10/1/04, collateralized by Federal National Mortgage Assn., 5%, 3/1/34, with a value of $1,477,979,332 (Cost $23,848,000) $23,848,000 $ 23,848,000 - --------------------------------------------------------------------------------------------------------- Total Investments, at Value (Cost $1,354,195,859) 99.7% 1,477,397,315 - --------------------------------------------------------------------------------------------------------- Other Assets Net of Liabilities 0.3 4,479,545 ------------------------------------ Net Assets 100.0% $ 1,481,876,860 ==================================== Footnotes to Statement of Investments 1. Non-income producing security. 2. Illiquid security.
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 $ 1,369,418,142 =============== Gross unrealized appreciation $ 154,269,423 Gross unrealized depreciation (46,290,250) --------------- Net unrealized appreciation (depreciation) $ 107,979,173 =============== 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 rq650_11963ex99cert.txt RQ650_11963EX99CERT.TXT Exhibit 99.CERT CERTIFICATIONS I, JOHN V. MURPHY, certify that: 1. I have reviewed this report on Form N-Q of Oppenheimer Main Street 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 Main Street 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-----