-----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, THLOv80nr/IdOSN5l/zMkLaVhoLHMA2F5+YhFYAEoUf1uMl9yZ9SwLaoVcjqyUX5 VwFc6gPpNhBud5dRNwe3Fw== 0000935069-05-001404.txt : 20050611 0000935069-05-001404.hdr.sgml : 20050611 20050527132604 ACCESSION NUMBER: 0000935069-05-001404 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050331 FILED AS OF DATE: 20050527 DATE AS OF CHANGE: 20050527 EFFECTIVENESS DATE: 20050527 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: 05862845 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 rq297_15546nq.txt RQ297_15546NQ.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 SMALL CAP 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: MARCH 31, 2005 ITEM 1. SCHEDULE OF INVESTMENTS. Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- COMMON STOCKS--98.5% - ---------------------------------------------------------------------------------------------------------------------- CONSUMER DISCRETIONARY--17.5% - ---------------------------------------------------------------------------------------------------------------------- AUTO COMPONENTS--0.9% Aftermarket Technology Corp. 1 1,500 $ 24,750 - ---------------------------------------------------------------------------------------------------------------------- American Axle & Manufacturing Holdings, Inc. 2,900 71,050 - ---------------------------------------------------------------------------------------------------------------------- ArvinMeritor, Inc. 3,700 57,239 - ---------------------------------------------------------------------------------------------------------------------- Autoliv, Inc. 6,700 319,255 - ---------------------------------------------------------------------------------------------------------------------- Borg-Warner Automotive, Inc. 2,800 136,304 - ---------------------------------------------------------------------------------------------------------------------- Drew Industries, Inc. 1 700 26,355 - ---------------------------------------------------------------------------------------------------------------------- Goodyear Tire & Rubber Co. 1 25,100 335,085 - ---------------------------------------------------------------------------------------------------------------------- Midas, Inc. 1 12,000 273,960 - ---------------------------------------------------------------------------------------------------------------------- Modine Manufacturing Co. 800 23,464 - ---------------------------------------------------------------------------------------------------------------------- Sauer-Danfoss, Inc. 8,100 183,303 - ---------------------------------------------------------------------------------------------------------------------- Shiloh Industries, Inc. 1 2,900 37,874 - ---------------------------------------------------------------------------------------------------------------------- Spartan Motors, Inc. 1,700 17,085 - ---------------------------------------------------------------------------------------------------------------------- Standard Motor Products, Inc. 5,300 62,010 - ---------------------------------------------------------------------------------------------------------------------- Stoneridge, Inc. 1 1,300 15,873 - ---------------------------------------------------------------------------------------------------------------------- Tenneco Automotive, Inc. 1 16,600 206,836 - ---------------------------------------------------------------------------------------------------------------------- Visteon Corp. 9,200 52,532 --------------- 1,842,975 - ---------------------------------------------------------------------------------------------------------------------- AUTOMOBILES--0.1% Winnebago Industries, Inc. 6,800 214,880 - ---------------------------------------------------------------------------------------------------------------------- DISTRIBUTORS--0.2% Andersons, Inc. (The) 500 15,500 - ---------------------------------------------------------------------------------------------------------------------- Handleman Co. 9,100 172,536 - ---------------------------------------------------------------------------------------------------------------------- Prestige Brands Holdings, Inc. 1 15,200 268,280 --------------- 456,316 - ---------------------------------------------------------------------------------------------------------------------- HOTELS, RESTAURANTS & LEISURE--3.7% AFC Enterprises, Inc. 1 7,300 186,223 - ---------------------------------------------------------------------------------------------------------------------- Ambassadors Group, Inc. 4,000 133,680 - ---------------------------------------------------------------------------------------------------------------------- Ameristar Casinos, Inc. 9,000 492,120 - ---------------------------------------------------------------------------------------------------------------------- Applebee's International, Inc. 7,550 208,078 - ---------------------------------------------------------------------------------------------------------------------- Argosy Gaming Co. 1 4,700 215,824 - ---------------------------------------------------------------------------------------------------------------------- BJ's Restaurants, Inc. 1 1,000 19,390 - ---------------------------------------------------------------------------------------------------------------------- Bluegreen Corp. 1 13,600 174,760 - ---------------------------------------------------------------------------------------------------------------------- Bob Evans Farms, Inc. 1,500 35,175 - ---------------------------------------------------------------------------------------------------------------------- Brinker International, Inc. 1 1,400 50,708 - ---------------------------------------------------------------------------------------------------------------------- Buffalo Wild Wings, Inc. 1 400 15,132 - ---------------------------------------------------------------------------------------------------------------------- Caesars Entertainment, Inc. 1 5,200 102,908 - ---------------------------------------------------------------------------------------------------------------------- California Pizza Kitchen, Inc. 1 10,100 236,744 - ---------------------------------------------------------------------------------------------------------------------- CBRL Group, Inc. 5,500 227,150 - ---------------------------------------------------------------------------------------------------------------------- CEC Entertainment, Inc. 1 15,650 572,790 - ---------------------------------------------------------------------------------------------------------------------- Checkers Drive-In Restaurants, Inc. 1 2,100 27,741 - ---------------------------------------------------------------------------------------------------------------------- Choice Hotels International, Inc. 2,800 173,460 - ---------------------------------------------------------------------------------------------------------------------- CKE Restaurants, Inc. 1 12,300 194,955 - ---------------------------------------------------------------------------------------------------------------------- Darden Restaurants, Inc. 10,000 306,800 - ---------------------------------------------------------------------------------------------------------------------- Dave & Buster's, Inc. 1 10,300 192,610 - ----------------------------------------------------------------------------------------------------------------------
1 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- HOTELS, RESTAURANTS & LEISURE CONTINUED Domino's Pizza, Inc. 10,200 $ 190,638 - ---------------------------------------------------------------------------------------------------------------------- Dover Downs Gaming & Entertainment, Inc. 6,200 77,190 - ---------------------------------------------------------------------------------------------------------------------- Gaylord Entertainment Co., Cl. A 1 5,800 234,320 - ---------------------------------------------------------------------------------------------------------------------- Gravity Co. Ltd., Sponsored ADR 1 13,700 129,328 - ---------------------------------------------------------------------------------------------------------------------- Great Wolf Resorts, Inc. 1 3,100 77,345 - ---------------------------------------------------------------------------------------------------------------------- IHOP Corp. 2,500 119,200 - ---------------------------------------------------------------------------------------------------------------------- Isle of Capri Casinos, Inc. 1 16,300 432,602 - ---------------------------------------------------------------------------------------------------------------------- Jack in the Box, Inc. 1 14,200 526,820 - ---------------------------------------------------------------------------------------------------------------------- La Quinta Corp. 1 39,900 339,150 - ---------------------------------------------------------------------------------------------------------------------- Landry's Restaurants, Inc. 7,500 216,900 - ---------------------------------------------------------------------------------------------------------------------- Lone Star Steakhouse & Saloon, Inc. 3,200 92,496 - ---------------------------------------------------------------------------------------------------------------------- Marcus Corp. (The) 2,300 47,150 - ---------------------------------------------------------------------------------------------------------------------- Mikohn Gaming Corp. 1 5,100 64,056 - ---------------------------------------------------------------------------------------------------------------------- Monarch Casino & Resort, Inc. 1 4,400 87,560 - ---------------------------------------------------------------------------------------------------------------------- MTR Gaming Group, Inc. 1 400 4,960 - ---------------------------------------------------------------------------------------------------------------------- Navigant International, Inc. 1 4,100 56,006 - ---------------------------------------------------------------------------------------------------------------------- O'Charley's, Inc. 1 6,800 147,832 - ---------------------------------------------------------------------------------------------------------------------- P.F. Chang's China Bistro, Inc. 1 1,300 77,740 - ---------------------------------------------------------------------------------------------------------------------- Panera Bread Co., Cl. A 1 2,600 146,978 - ---------------------------------------------------------------------------------------------------------------------- Papa John's International, Inc. 1 5,000 173,600 - ---------------------------------------------------------------------------------------------------------------------- Penn National Gaming, Inc. 1 5,200 152,776 - ---------------------------------------------------------------------------------------------------------------------- Pinnacle Entertainment, Inc. 1 10,100 168,670 - ---------------------------------------------------------------------------------------------------------------------- Red Robin Gourmet Burgers, Inc. 1 600 30,546 - ---------------------------------------------------------------------------------------------------------------------- Six Flags, Inc. 1 22,800 93,936 - ---------------------------------------------------------------------------------------------------------------------- Sonic Corp. 1 6,850 228,790 - ---------------------------------------------------------------------------------------------------------------------- Speedway Motorsports, Inc. 2,000 71,400 - ---------------------------------------------------------------------------------------------------------------------- Steak n Shake Co. (The) 1 4,500 87,075 - ---------------------------------------------------------------------------------------------------------------------- Sunterra Corp. 1 5,900 88,972 - ---------------------------------------------------------------------------------------------------------------------- The9 Ltd., ADR 1 600 10,302 - ---------------------------------------------------------------------------------------------------------------------- Triarc Cos., Inc., Cl. B 600 8,298 - ---------------------------------------------------------------------------------------------------------------------- Vail Resorts, Inc. 1 6,000 151,500 - ---------------------------------------------------------------------------------------------------------------------- Wendy's International, Inc. 4,000 156,160 --------------- 8,056,544 - ---------------------------------------------------------------------------------------------------------------------- HOUSEHOLD DURABLES--1.9% American Greetings Corp., Cl. A 18,000 458,640 - ---------------------------------------------------------------------------------------------------------------------- Avatar Holdings, Inc. 1 300 14,055 - ---------------------------------------------------------------------------------------------------------------------- Bassett Furniture Industries, Inc. 200 3,940 - ---------------------------------------------------------------------------------------------------------------------- Beazer Homes USA, Inc. 5,400 269,244 - ---------------------------------------------------------------------------------------------------------------------- Blount International, Inc. 1 9,700 164,706 - ---------------------------------------------------------------------------------------------------------------------- Blyth, Inc. 1,000 31,840 - ---------------------------------------------------------------------------------------------------------------------- Brookfield Homes Corp. 2,000 84,420 - ---------------------------------------------------------------------------------------------------------------------- Chromcraft Revington, Inc. 1 600 8,232 - ---------------------------------------------------------------------------------------------------------------------- Comstock Homebuilding Cos., Inc., Cl. A 1 3,900 83,031 - ---------------------------------------------------------------------------------------------------------------------- CSS Industries, Inc. 750 27,413 - ---------------------------------------------------------------------------------------------------------------------- Ethan Allen Interiors, Inc. 4,400 140,800 - ----------------------------------------------------------------------------------------------------------------------
2 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- HOUSEHOLD DURABLES CONTINUED Furniture Brands International, Inc. 9,000 $ 196,290 - ---------------------------------------------------------------------------------------------------------------------- Hovnanian Enterprises, Inc., Cl. A 1 2,000 102,000 - ---------------------------------------------------------------------------------------------------------------------- Interface, Inc., Cl. A 1 13,500 92,070 - ---------------------------------------------------------------------------------------------------------------------- KB Home 1,400 164,444 - ---------------------------------------------------------------------------------------------------------------------- Kimball International, Inc., Cl. B 3,700 53,650 - ---------------------------------------------------------------------------------------------------------------------- M/I Homes, Inc. 400 19,572 - ---------------------------------------------------------------------------------------------------------------------- MDC Holdings, Inc. 2,954 205,746 - ---------------------------------------------------------------------------------------------------------------------- Meritage Homes Corp. 1 2,000 117,840 - ---------------------------------------------------------------------------------------------------------------------- Mestek, Inc. 1 700 15,785 - ---------------------------------------------------------------------------------------------------------------------- Russ Berrie & Co., Inc. 300 5,745 - ---------------------------------------------------------------------------------------------------------------------- Ryland Group, Inc. (The) 4,800 297,696 - ---------------------------------------------------------------------------------------------------------------------- Snap-On, Inc. 2,500 79,475 - ---------------------------------------------------------------------------------------------------------------------- Standard Pacific Corp. 3,500 252,665 - ---------------------------------------------------------------------------------------------------------------------- Stanley Furniture Co., Inc. 3,700 174,936 - ---------------------------------------------------------------------------------------------------------------------- Stanley Works (The) 1,300 58,851 - ---------------------------------------------------------------------------------------------------------------------- Technical Olympic USA, Inc. 3,700 111,740 - ---------------------------------------------------------------------------------------------------------------------- Tupperware Corp. 15,500 315,580 - ---------------------------------------------------------------------------------------------------------------------- Universal Electronics, Inc. 1 4,700 79,336 - ---------------------------------------------------------------------------------------------------------------------- WCI Communities, Inc. 1 7,900 237,632 - ---------------------------------------------------------------------------------------------------------------------- Whirlpool Corp. 1,400 94,822 - ---------------------------------------------------------------------------------------------------------------------- Yankee Candle, Inc. (The) 1 4,600 145,820 --------------- 4,108,016 - ---------------------------------------------------------------------------------------------------------------------- INTERNET & CATALOG RETAIL--0.2% FTD Group, Inc. 1 7,300 88,476 - ---------------------------------------------------------------------------------------------------------------------- GSI Commerce, Inc. 1 6,300 85,239 - ---------------------------------------------------------------------------------------------------------------------- Insight Enterprises, Inc. 1 7,700 135,212 - ---------------------------------------------------------------------------------------------------------------------- Stamps.com, Inc. 1 1,400 23,240 - ---------------------------------------------------------------------------------------------------------------------- ValueVision Media, Inc., Cl. A 1 9,000 111,330 --------------- 443,497 - ---------------------------------------------------------------------------------------------------------------------- LEISURE EQUIPMENT & PRODUCTS--0.9% Action Performance Cos., Inc. 10,300 136,269 - ---------------------------------------------------------------------------------------------------------------------- Arctic Cat, Inc. 4,100 110,946 - ---------------------------------------------------------------------------------------------------------------------- Hasbro, Inc. 6,300 128,835 - ---------------------------------------------------------------------------------------------------------------------- JAKKS Pacific, Inc. 1 9,500 203,965 - ---------------------------------------------------------------------------------------------------------------------- Marine Products Corp. 3,200 53,792 - ---------------------------------------------------------------------------------------------------------------------- Marvel Enterprises, Inc. 1 9,100 182,000 - ---------------------------------------------------------------------------------------------------------------------- Nautilus, Inc. 22,800 541,728 - ---------------------------------------------------------------------------------------------------------------------- Oakley, Inc. 700 8,974 - ---------------------------------------------------------------------------------------------------------------------- Polaris Industries, Inc. 3,600 252,828 - ---------------------------------------------------------------------------------------------------------------------- SCP Pool Corp. 6,612 210,658 - ---------------------------------------------------------------------------------------------------------------------- Steinway Musical Instruments, Inc. 1 4,400 131,824 --------------- 1,961,819 - ---------------------------------------------------------------------------------------------------------------------- MEDIA--1.5% 4Kids Entertainment, Inc. 1 3,200 70,752 - ---------------------------------------------------------------------------------------------------------------------- Arbitron, Inc. 1 3,800 163,020 - ---------------------------------------------------------------------------------------------------------------------- Carmike Cinemas, Inc. 1,100 41,008 - ----------------------------------------------------------------------------------------------------------------------
3 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- MEDIA CONTINUED Catalina Marketing Corp. 20,300 $ 525,770 - ---------------------------------------------------------------------------------------------------------------------- Cox Radio, Inc., Cl. A 1 5,600 94,136 - ---------------------------------------------------------------------------------------------------------------------- Gemstar-TV Guide International, Inc. 1 1,800 7,830 - ---------------------------------------------------------------------------------------------------------------------- Getty Images, Inc. 1 3,600 255,996 - ---------------------------------------------------------------------------------------------------------------------- Gray Television, Inc. 6,800 98,396 - ---------------------------------------------------------------------------------------------------------------------- Harte-Hanks, Inc. 3,400 93,704 - ---------------------------------------------------------------------------------------------------------------------- Hollinger International, Inc. 500 5,450 - ---------------------------------------------------------------------------------------------------------------------- Insight Communications Co., Inc. 1 5,800 68,730 - ---------------------------------------------------------------------------------------------------------------------- Interactive Data Corp. 1 2,500 51,875 - ---------------------------------------------------------------------------------------------------------------------- Journal Communications, Inc. 400 6,620 - ---------------------------------------------------------------------------------------------------------------------- Liberty Corp. 200 8,110 - ---------------------------------------------------------------------------------------------------------------------- Lin TV Corp. 1 200 3,386 - ---------------------------------------------------------------------------------------------------------------------- Media General, Inc., Cl. A 700 43,295 - ---------------------------------------------------------------------------------------------------------------------- Mediacom Communications Corp. 1 15,300 100,062 - ---------------------------------------------------------------------------------------------------------------------- New Frontier Media, Inc. 1 2,100 15,023 - ---------------------------------------------------------------------------------------------------------------------- Playboy Enterprises, Inc., Cl. B 1 200 2,580 - ---------------------------------------------------------------------------------------------------------------------- PRIMEDIA, Inc. 1 24,500 106,575 - ---------------------------------------------------------------------------------------------------------------------- ProQuest Co. 1 7,300 263,895 - ---------------------------------------------------------------------------------------------------------------------- Pulitzer, Inc. 100 6,373 - ---------------------------------------------------------------------------------------------------------------------- R.H. Donnelley Corp. 1 3,900 226,551 - ---------------------------------------------------------------------------------------------------------------------- Readers Digest Assn., Inc. (The), Cl. A, Non-Vtg. 15,600 270,036 - ---------------------------------------------------------------------------------------------------------------------- Salem Communications Corp., Cl. A 1 5,600 115,360 - ---------------------------------------------------------------------------------------------------------------------- Scholastic Corp. 1 6,000 221,340 - ---------------------------------------------------------------------------------------------------------------------- Thomas Nelson, Inc. 2,700 63,855 - ---------------------------------------------------------------------------------------------------------------------- Valassis Communications, Inc. 1 5,200 181,792 - ---------------------------------------------------------------------------------------------------------------------- Wiley (John) & Sons, Inc., Cl. A 3,700 130,425 - ---------------------------------------------------------------------------------------------------------------------- World Wrestling Federation Entertainment, Inc. 6,600 79,200 --------------- 3,321,145 - ---------------------------------------------------------------------------------------------------------------------- MULTILINE RETAIL--0.7% Dillard's, Inc., Cl. A 11,400 306,660 - ---------------------------------------------------------------------------------------------------------------------- Neiman Marcus Group, Inc. (The), Cl. A 1,500 137,265 - ---------------------------------------------------------------------------------------------------------------------- Shopko Stores, Inc. 1 11,200 248,864 - ---------------------------------------------------------------------------------------------------------------------- Stage Stores, Inc. 1 10,800 414,612 - ---------------------------------------------------------------------------------------------------------------------- Stein Mart, Inc. 1 22,100 497,250 --------------- 1,604,651 - ---------------------------------------------------------------------------------------------------------------------- SPECIALTY RETAIL--5.9% Aaron Rents, Inc. 6,900 138,000 - ---------------------------------------------------------------------------------------------------------------------- Abercrombie & Fitch Co., Cl. A 4,500 257,580 - ---------------------------------------------------------------------------------------------------------------------- Advance Auto Parts, Inc. 1 5,200 262,340 - ---------------------------------------------------------------------------------------------------------------------- Aeropostale, Inc. 1 11,450 374,988 - ---------------------------------------------------------------------------------------------------------------------- American Eagle Outfitters, Inc. 10,700 316,185 - ---------------------------------------------------------------------------------------------------------------------- AnnTaylor Stores Corp. 1 2,950 75,491 - ---------------------------------------------------------------------------------------------------------------------- AutoNation, Inc. 1 2,300 43,562 - ---------------------------------------------------------------------------------------------------------------------- Barnes & Noble, Inc. 1 9,800 338,002 - ---------------------------------------------------------------------------------------------------------------------- bebe stores, inc. 7,075 240,196 - ----------------------------------------------------------------------------------------------------------------------
4 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- SPECIALTY RETAIL CONTINUED Big 5 Sporting Goods Corp. 3,500 $ 86,450 - ---------------------------------------------------------------------------------------------------------------------- Blair Corp. 3,000 98,910 - ---------------------------------------------------------------------------------------------------------------------- Blockbuster, Inc., Cl. A 3,000 26,490 - ---------------------------------------------------------------------------------------------------------------------- Borders Group, Inc. 14,000 372,680 - ---------------------------------------------------------------------------------------------------------------------- Buckle, Inc. (The) 2,600 90,766 - ---------------------------------------------------------------------------------------------------------------------- Building Materials Holding Corp. 7,200 320,256 - ---------------------------------------------------------------------------------------------------------------------- Burlington Coat Factory Warehouse Corp. 9,300 266,910 - ---------------------------------------------------------------------------------------------------------------------- Casual Male Retail Group, Inc. 1 100 649 - ---------------------------------------------------------------------------------------------------------------------- Cato Corp., Cl. A 10,600 341,850 - ---------------------------------------------------------------------------------------------------------------------- Charming Shoppes, Inc. 1 55,900 454,467 - ---------------------------------------------------------------------------------------------------------------------- Children's Place Retail Stores, Inc. 1 9,200 439,300 - ---------------------------------------------------------------------------------------------------------------------- Circuit City Stores, Inc./Circuit City Group 12,300 197,415 - ---------------------------------------------------------------------------------------------------------------------- Claire's Stores, Inc. 200 4,608 - ---------------------------------------------------------------------------------------------------------------------- CSK Auto Corp. 1 9,900 174,735 - ---------------------------------------------------------------------------------------------------------------------- Deb Shops, Inc. 200 5,644 - ---------------------------------------------------------------------------------------------------------------------- Dress Barn, Inc. (The) 1 5,300 96,566 - ---------------------------------------------------------------------------------------------------------------------- Electronics Boutique Holdings Corp. 1 10,200 438,294 - ---------------------------------------------------------------------------------------------------------------------- Finish Line, Inc. (The), Cl. A 22,400 518,560 - ---------------------------------------------------------------------------------------------------------------------- Finlay Enterprises, Inc. 1 600 7,926 - ---------------------------------------------------------------------------------------------------------------------- GameStop Corp. 1 15,100 334,616 - ---------------------------------------------------------------------------------------------------------------------- GameStop Corp., Cl. B 1 867 19,334 - ---------------------------------------------------------------------------------------------------------------------- Genesco, Inc. 1 8,600 244,412 - ---------------------------------------------------------------------------------------------------------------------- Goody's Family Clothing, Inc. 9,900 89,397 - ---------------------------------------------------------------------------------------------------------------------- Guess?, Inc. 1 11,700 160,290 - ---------------------------------------------------------------------------------------------------------------------- Guitar Center, Inc. 1 4,900 268,667 - ---------------------------------------------------------------------------------------------------------------------- Haverty Furniture Cos., Inc. 1,000 15,250 - ---------------------------------------------------------------------------------------------------------------------- Hibbett Sporting Goods, Inc. 1 7,725 232,059 - ---------------------------------------------------------------------------------------------------------------------- Hollywood Entertainment Corp. 1 3,800 50,046 - ---------------------------------------------------------------------------------------------------------------------- Jo-Ann Stores, Inc. 1 2,400 67,416 - ---------------------------------------------------------------------------------------------------------------------- Men's Wearhouse, Inc. (The) 1 12,300 519,183 - ---------------------------------------------------------------------------------------------------------------------- Michaels Stores, Inc. 11,500 417,450 - ---------------------------------------------------------------------------------------------------------------------- Movie Gallery, Inc. 13,400 384,312 - ---------------------------------------------------------------------------------------------------------------------- Office Depot, Inc. 1 11,100 246,198 - ---------------------------------------------------------------------------------------------------------------------- Pacific Sunwear of California, Inc. 1 21,475 600,871 - ---------------------------------------------------------------------------------------------------------------------- Pantry, Inc. (The) 1 12,400 384,028 - ---------------------------------------------------------------------------------------------------------------------- Payless ShoeSource, Inc. 1 17,800 281,062 - ---------------------------------------------------------------------------------------------------------------------- Petco Animal Supplies, Inc. 1 3,600 132,516 - ---------------------------------------------------------------------------------------------------------------------- Rent-A-Center, Inc. 1 5,400 147,474 - ---------------------------------------------------------------------------------------------------------------------- Rent-Way, Inc. 1 4,700 38,540 - ---------------------------------------------------------------------------------------------------------------------- Restoration Hardware, Inc. 1 16,200 92,340 - ---------------------------------------------------------------------------------------------------------------------- Select Comfort Corp. 1 2,200 44,968 - ---------------------------------------------------------------------------------------------------------------------- Steiner Leisure Ltd. 1 6,400 209,216 - ---------------------------------------------------------------------------------------------------------------------- Syms Corp. 1 600 7,950 - ---------------------------------------------------------------------------------------------------------------------- Talbots, Inc. (The) 2,800 89,544 - ---------------------------------------------------------------------------------------------------------------------- TBC Corp. 1 700 19,502 - ----------------------------------------------------------------------------------------------------------------------
5 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- SPECIALTY RETAIL CONTINUED Too, Inc. 1 16,900 $ 416,923 - ---------------------------------------------------------------------------------------------------------------------- Toys R Us, Inc. 1 11,000 283,360 - ---------------------------------------------------------------------------------------------------------------------- Trans World Entertainment Corp. 1 15,200 223,896 - ---------------------------------------------------------------------------------------------------------------------- Tweeter Home Entertainment Group, Inc. 1 4,000 22,280 - ---------------------------------------------------------------------------------------------------------------------- United Auto Group, Inc. 4,100 114,103 - ---------------------------------------------------------------------------------------------------------------------- Urban Outfitters, Inc. 1 3,000 143,910 - ---------------------------------------------------------------------------------------------------------------------- Weight Watchers International, Inc. 1 4,500 193,410 - ---------------------------------------------------------------------------------------------------------------------- Zale Corp. 1 16,500 490,380 --------------- 12,973,723 - ---------------------------------------------------------------------------------------------------------------------- TEXTILES, APPAREL & LUXURY GOODS--1.5% Carter's, Inc. 1 300 11,925 - ---------------------------------------------------------------------------------------------------------------------- Cherokee, Inc. 4,300 143,964 - ---------------------------------------------------------------------------------------------------------------------- Hartmarx Corp. 1 15,000 143,100 - ---------------------------------------------------------------------------------------------------------------------- K-Swiss, Inc., Cl. A 16,900 558,207 - ---------------------------------------------------------------------------------------------------------------------- Kellwood Co. 8,200 236,078 - ---------------------------------------------------------------------------------------------------------------------- OshKosh B'Gosh, Inc., Cl. A 200 6,100 - ---------------------------------------------------------------------------------------------------------------------- Phillips/Van Heusen Corp. 13,800 367,632 - ---------------------------------------------------------------------------------------------------------------------- Russell Corp. 5,000 90,400 - ---------------------------------------------------------------------------------------------------------------------- Skechers U.S.A., Inc., Cl. A 1 13,500 208,980 - ---------------------------------------------------------------------------------------------------------------------- Stride Rite Corp. 5,800 77,140 - ---------------------------------------------------------------------------------------------------------------------- Timberland Co., Cl. A 1 5,100 361,743 - ---------------------------------------------------------------------------------------------------------------------- Tommy Hilfiger Corp. 1 10,200 119,340 - ---------------------------------------------------------------------------------------------------------------------- UniFirst Corp. 1,400 55,860 - ---------------------------------------------------------------------------------------------------------------------- Warnaco Group, Inc. (The) 1 11,300 271,652 - ---------------------------------------------------------------------------------------------------------------------- Wolverine World Wide, Inc. 29,750 637,543 --------------- 3,289,664 - ---------------------------------------------------------------------------------------------------------------------- CONSUMER STAPLES--4.4% BEVERAGES--0.2% - ---------------------------------------------------------------------------------------------------------------------- Boston Beer Co., Inc., Cl. A 1 5,200 113,880 - ---------------------------------------------------------------------------------------------------------------------- Hansen Natural Corp. 1 2,200 132,154 - ---------------------------------------------------------------------------------------------------------------------- National Beverage Corp. 1,400 11,410 - ---------------------------------------------------------------------------------------------------------------------- PepsiAmericas, Inc. 11,500 260,590 --------------- 518,034 - ---------------------------------------------------------------------------------------------------------------------- FOOD & STAPLES RETAILING--1.1% 7-Eleven, Inc. 1 15,000 360,300 - ---------------------------------------------------------------------------------------------------------------------- Arden Group, Inc., Cl. A 800 56,784 - ---------------------------------------------------------------------------------------------------------------------- BJ's Wholesale Club, Inc. 1 7,500 232,950 - ---------------------------------------------------------------------------------------------------------------------- Casey's General Stores, Inc. 2,700 48,519 - ---------------------------------------------------------------------------------------------------------------------- Great Atlantic & Pacific Tea Co., Inc. (The) 1 7,300 108,770 - ---------------------------------------------------------------------------------------------------------------------- Ingles Markets, Inc., Cl. A 900 11,988 - ---------------------------------------------------------------------------------------------------------------------- Longs Drug Stores, Inc. 15,600 533,832 - ---------------------------------------------------------------------------------------------------------------------- Nash Finch Co. 6,300 239,337 - ---------------------------------------------------------------------------------------------------------------------- Rite Aid Corp. 1 21,400 84,744 - ---------------------------------------------------------------------------------------------------------------------- Ruddick Corp. 15,500 358,825 - ---------------------------------------------------------------------------------------------------------------------- Smart & Final, Inc. 1 3,000 36,480 - ----------------------------------------------------------------------------------------------------------------------
6 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- FOOD & STAPLES RETAILING CONTINUED SUPERVALU, Inc. 8,800 $ 293,480 - ---------------------------------------------------------------------------------------------------------------------- Weis Markets, Inc. 2,300 84,801 --------------- 2,450,810 - ---------------------------------------------------------------------------------------------------------------------- FOOD PRODUCTS--1.6% Alico, Inc. 1 100 5,270 - ---------------------------------------------------------------------------------------------------------------------- American Italian Pasta Co. 800 21,920 - ---------------------------------------------------------------------------------------------------------------------- Cal-Maine Foods, Inc. 8,600 67,596 - ---------------------------------------------------------------------------------------------------------------------- Chiquita Brands International, Inc. 19,800 530,244 - ---------------------------------------------------------------------------------------------------------------------- Corn Products International, Inc. 14,600 379,454 - ---------------------------------------------------------------------------------------------------------------------- Darling International, Inc. 1 37,700 150,423 - ---------------------------------------------------------------------------------------------------------------------- Del Monte Foods Co. 1 2,100 22,785 - ---------------------------------------------------------------------------------------------------------------------- Delta & Pine Land Co. 3,300 89,100 - ---------------------------------------------------------------------------------------------------------------------- Farmer Brothers Co. 100 2,395 - ---------------------------------------------------------------------------------------------------------------------- Flowers Foods, Inc. 9,000 253,890 - ---------------------------------------------------------------------------------------------------------------------- Hormel Foods Corp. 6,900 214,659 - ---------------------------------------------------------------------------------------------------------------------- Imperial Sugar Co. 1,600 22,256 - ---------------------------------------------------------------------------------------------------------------------- J&J Snack Foods Corp. 2,100 98,343 - ---------------------------------------------------------------------------------------------------------------------- Lancaster Colony Corp. 7,000 297,850 - ---------------------------------------------------------------------------------------------------------------------- Lance, Inc. 8,200 131,774 - ---------------------------------------------------------------------------------------------------------------------- M&F Worldwide Corp. 1 2,300 30,682 - ---------------------------------------------------------------------------------------------------------------------- Omega Protein Corp. 1 4,100 27,962 - ---------------------------------------------------------------------------------------------------------------------- Pilgrim's Pride Corp., Cl. B 7,900 282,188 - ---------------------------------------------------------------------------------------------------------------------- Ralcorp Holdings, Inc. 7,400 350,390 - ---------------------------------------------------------------------------------------------------------------------- Sanderson Farms, Inc. 6,650 287,347 - ---------------------------------------------------------------------------------------------------------------------- Smithfield Foods, Inc. 1 5,100 160,905 --------------- 3,427,433 - ---------------------------------------------------------------------------------------------------------------------- HOUSEHOLD PRODUCTS--0.8% Chattem, Inc. 1 4,300 191,221 - ---------------------------------------------------------------------------------------------------------------------- Energizer Holdings, Inc. 1 5,900 352,820 - ---------------------------------------------------------------------------------------------------------------------- Nu Skin Asia Pacific, Inc., Cl. A 20,800 468,208 - ---------------------------------------------------------------------------------------------------------------------- Rayovac Corp. 1 16,700 694,720 - ---------------------------------------------------------------------------------------------------------------------- WD-40 Co. 100 3,249 --------------- 1,710,218 - ---------------------------------------------------------------------------------------------------------------------- PERSONAL PRODUCTS--0.6% Alberto-Culver Co., Cl. B 600 28,716 - ---------------------------------------------------------------------------------------------------------------------- Elizabeth Arden, Inc. 1 13,500 320,490 - ---------------------------------------------------------------------------------------------------------------------- Mannatech, Inc. 17,200 336,260 - ---------------------------------------------------------------------------------------------------------------------- Nature's Sunshine Products, Inc. 9,700 166,549 - ---------------------------------------------------------------------------------------------------------------------- NBTY, Inc. 1 6,800 170,612 - ---------------------------------------------------------------------------------------------------------------------- Parlux Fragrances, Inc. 1 3,700 80,105 - ---------------------------------------------------------------------------------------------------------------------- USANA Health Sciences, Inc. 1 4,400 208,120 --------------- 1,310,852 - ---------------------------------------------------------------------------------------------------------------------- TOBACCO--0.1% Loews Corp./Carolina Group 7,300 241,630 - ---------------------------------------------------------------------------------------------------------------------- Vector Group Ltd. 1,700 26,146 --------------- 267,776
7 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- ENERGY--7.7% - ---------------------------------------------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES--2.3% Atwood Oceanics, Inc. 1 2,000 $ 133,080 - ---------------------------------------------------------------------------------------------------------------------- Cal Dive International, Inc. 1 15,100 684,030 - ---------------------------------------------------------------------------------------------------------------------- CHC Helicopter Corp., Cl. A 700 32,121 - ---------------------------------------------------------------------------------------------------------------------- Diamond Offshore Drilling, Inc. 5,300 264,470 - ---------------------------------------------------------------------------------------------------------------------- Ensign Resource Service Group, Inc. 14,000 311,947 - ---------------------------------------------------------------------------------------------------------------------- Global Industries Ltd. 1 11,000 103,400 - ---------------------------------------------------------------------------------------------------------------------- Grant Prideco, Inc. 1 7,300 176,368 - ---------------------------------------------------------------------------------------------------------------------- Gulf Island Fabrication, Inc. 5,300 124,338 - ---------------------------------------------------------------------------------------------------------------------- Helmerich & Payne, Inc. 4,200 166,698 - ---------------------------------------------------------------------------------------------------------------------- Hydril Co. 1 3,800 221,958 - ---------------------------------------------------------------------------------------------------------------------- Lone Star Technologies, Inc. 1 5,400 212,922 - ---------------------------------------------------------------------------------------------------------------------- Maverick Tube Corp. 1 14,300 464,893 - ---------------------------------------------------------------------------------------------------------------------- National Oilwell Varco, Inc. 1 2,400 112,080 - ---------------------------------------------------------------------------------------------------------------------- NS Group, Inc. 1 6,700 210,447 - ---------------------------------------------------------------------------------------------------------------------- Offshore Logistics, Inc. 1 1,700 56,644 - ---------------------------------------------------------------------------------------------------------------------- Oil States International, Inc. 1 7,900 162,345 - ---------------------------------------------------------------------------------------------------------------------- Pioneer Drilling Co. 1 4,200 57,834 - ---------------------------------------------------------------------------------------------------------------------- Prairie Schooner Petroleum Ltd. 1,2 1,200 12,742 - ---------------------------------------------------------------------------------------------------------------------- Precision Drilling Corp. 1 1,500 112,236 - ---------------------------------------------------------------------------------------------------------------------- Pride International, Inc. 1 5,100 126,684 - ---------------------------------------------------------------------------------------------------------------------- RPC, Inc. 2,700 41,013 - ---------------------------------------------------------------------------------------------------------------------- Superior Energy Services, Inc. 1 4,500 77,400 - ---------------------------------------------------------------------------------------------------------------------- Technicoil Corp. 1 7,100 17,611 - ---------------------------------------------------------------------------------------------------------------------- Todco, Cl. A 1 4,400 113,696 - ---------------------------------------------------------------------------------------------------------------------- Total Energy Services Ltd. 1 16,300 113,878 - ---------------------------------------------------------------------------------------------------------------------- Trican Well Service Ltd. 1 4,100 264,407 - ---------------------------------------------------------------------------------------------------------------------- Universal Compression Holdings, Inc. 1 10,000 378,700 - ---------------------------------------------------------------------------------------------------------------------- Veritas DGC, Inc. 1 6,300 188,748 --------------- 4,942,690 - ---------------------------------------------------------------------------------------------------------------------- OIL & GAS--5.4% Ashland, Inc. 2,500 168,675 - ---------------------------------------------------------------------------------------------------------------------- Atlas Energy Ltd. 1 44,900 170,394 - ---------------------------------------------------------------------------------------------------------------------- Bear Ridge Resources Ltd. 1 1,960 5,672 - ---------------------------------------------------------------------------------------------------------------------- Berry Petroleum Co., Cl. A 4,400 226,380 - ---------------------------------------------------------------------------------------------------------------------- Bill Barrett Corp. 1 4,100 118,531 - ---------------------------------------------------------------------------------------------------------------------- Blizzard Energy, Inc. 1 86,400 209,303 - ---------------------------------------------------------------------------------------------------------------------- Cabot Oil & Gas Corp., Cl. A 1,500 82,725 - ---------------------------------------------------------------------------------------------------------------------- Callon Petroleum Co. 1 11,300 175,602 - ---------------------------------------------------------------------------------------------------------------------- Chamaelo Energy, Inc. 1 10,400 56,579 - ---------------------------------------------------------------------------------------------------------------------- Chesapeake Energy Corp. 6,600 144,804 - ---------------------------------------------------------------------------------------------------------------------- Cimarex Energy Co. 1 10,390 405,210 - ---------------------------------------------------------------------------------------------------------------------- Clear Energy, Inc. 1 29,533 134,296 - ---------------------------------------------------------------------------------------------------------------------- Comstock Resources, Inc. 1 7,200 206,928 - ----------------------------------------------------------------------------------------------------------------------
8 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- OIL & GAS CONTINUED Crew Energy, Inc. 1 5,666 $ 52,093 - ---------------------------------------------------------------------------------------------------------------------- Cyries Energy, Inc. 1 1,940 16,008 - ---------------------------------------------------------------------------------------------------------------------- Daylight Energy Trust 27,000 224,126 - ---------------------------------------------------------------------------------------------------------------------- Denbury Resources, Inc. 1 9,100 320,593 - ---------------------------------------------------------------------------------------------------------------------- Duvernay Oil Corp. 1 4,500 102,501 - ---------------------------------------------------------------------------------------------------------------------- Encore Acquisition Co. 1 1,700 70,210 - ---------------------------------------------------------------------------------------------------------------------- Energy Partners Ltd. 1 17,900 464,863 - ---------------------------------------------------------------------------------------------------------------------- Fairborne Energy Ltd. 1,2 5,500 61,753 - ---------------------------------------------------------------------------------------------------------------------- Fairborne Energy Ltd. 1 1,200 13,473 - ---------------------------------------------------------------------------------------------------------------------- Find Energy Ltd. 1,3 7,400 20,435 - ---------------------------------------------------------------------------------------------------------------------- Find Energy Ltd. 1,3 28,100 77,597 - ---------------------------------------------------------------------------------------------------------------------- Forest Oil Corp. 1 7,700 311,850 - ---------------------------------------------------------------------------------------------------------------------- Frontier Oil Corp. 12,500 453,250 - ---------------------------------------------------------------------------------------------------------------------- Galleon Energy, Inc., Cl. A 1 6,900 56,193 - ---------------------------------------------------------------------------------------------------------------------- General Maritime Corp. 1 4,800 232,512 - ---------------------------------------------------------------------------------------------------------------------- Giant Industries, Inc. 1 1,600 41,120 - ---------------------------------------------------------------------------------------------------------------------- Harvest Natural Resources, Inc. 1 2,100 24,969 - ---------------------------------------------------------------------------------------------------------------------- Highpine Oil & Gas Ltd. 1 1,700 25,300 - ---------------------------------------------------------------------------------------------------------------------- Holly Corp. 7,300 272,071 - ---------------------------------------------------------------------------------------------------------------------- Houston Exploration Co. 1 6,600 375,870 - ---------------------------------------------------------------------------------------------------------------------- KCS Energy, Inc. 1 7,500 115,200 - ---------------------------------------------------------------------------------------------------------------------- Ketch Resources Trust 2,000 21,827 - ---------------------------------------------------------------------------------------------------------------------- Lightning Energy Ltd. 1 1,100 4,274 - ---------------------------------------------------------------------------------------------------------------------- Lightning Energy Ltd. 1,4 14,400 55,957 - ---------------------------------------------------------------------------------------------------------------------- Magnum Hunter Resources, Inc. 1 30,100 484,911 - ---------------------------------------------------------------------------------------------------------------------- Maritrans, Inc. 3,000 57,150 - ---------------------------------------------------------------------------------------------------------------------- Midnight Oil Exploration Ltd. 1 16,450 54,539 - ---------------------------------------------------------------------------------------------------------------------- Mission Oil & Gas, Inc. 1 5,532 32,017 - ---------------------------------------------------------------------------------------------------------------------- Mission Oil & Gas, Inc. 1,4 6,400 33,955 - ---------------------------------------------------------------------------------------------------------------------- Mission Resources Corp. 1 4,500 31,860 - ---------------------------------------------------------------------------------------------------------------------- Newfield Exploration Co. 1 4,100 304,466 - ---------------------------------------------------------------------------------------------------------------------- Noble Energy, Inc. 3,100 210,862 - ---------------------------------------------------------------------------------------------------------------------- OMI Corp. 8,100 155,115 - ---------------------------------------------------------------------------------------------------------------------- OPTI Canada, Inc. 1 3,500 75,816 - ---------------------------------------------------------------------------------------------------------------------- Overseas Shipholding Group, Inc. 1,200 75,492 - ---------------------------------------------------------------------------------------------------------------------- Paramount Resources Ltd. 1 18,800 481,697 - ---------------------------------------------------------------------------------------------------------------------- Patina Oil & Gas Corp. 4,700 188,000 - ---------------------------------------------------------------------------------------------------------------------- Penn Virginia Corp. 1,500 68,850 - ---------------------------------------------------------------------------------------------------------------------- Petroleum Development Corp. 1 11,900 448,511 - ---------------------------------------------------------------------------------------------------------------------- Plains Exploration & Production Co. 1 7,342 256,236 - ---------------------------------------------------------------------------------------------------------------------- Pogo Producing Co. 400 19,696 - ---------------------------------------------------------------------------------------------------------------------- ProEx Energy Ltd. 1 1,940 16,200 - ---------------------------------------------------------------------------------------------------------------------- ProspEx Resources Ltd. 1 6,620 19,595 - ---------------------------------------------------------------------------------------------------------------------- ProspEx Resources Ltd. 1,4 3,800 10,322 - ----------------------------------------------------------------------------------------------------------------------
9 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- OIL & GAS CONTINUED Real Resources, Inc. 1 11,900 $ 135,283 - ---------------------------------------------------------------------------------------------------------------------- Remington Oil & Gas Corp. 1 8,100 255,312 - ---------------------------------------------------------------------------------------------------------------------- Resource America, Inc., Cl. A 5,800 203,261 - ---------------------------------------------------------------------------------------------------------------------- St. Mary Land & Exploration Co. 6,000 300,300 - ---------------------------------------------------------------------------------------------------------------------- Starpoint Energy Trust 1,550 25,976 - ---------------------------------------------------------------------------------------------------------------------- Stone Energy Corp. 1 1,100 53,427 - ---------------------------------------------------------------------------------------------------------------------- Sunoco, Inc. 2,400 248,448 - ---------------------------------------------------------------------------------------------------------------------- Swift Energy Co. 1 10,000 284,400 - ---------------------------------------------------------------------------------------------------------------------- Tesoro Corp. 1 13,000 481,260 - ---------------------------------------------------------------------------------------------------------------------- Thunder Energy, Inc. 1 18,666 123,463 - ---------------------------------------------------------------------------------------------------------------------- TKE Energy Trust 14,000 118,181 - ---------------------------------------------------------------------------------------------------------------------- TransMontaigne, Inc. 1 900 7,200 - ---------------------------------------------------------------------------------------------------------------------- True Energy, Inc. 1 3,900 14,607 - ---------------------------------------------------------------------------------------------------------------------- Tusk Energy Corp. 1 26,300 104,374 - ---------------------------------------------------------------------------------------------------------------------- Tusk Energy Corp. 1,4 21,300 84,531 - ---------------------------------------------------------------------------------------------------------------------- Vintage Petroleum, Inc. 15,300 481,338 - ---------------------------------------------------------------------------------------------------------------------- West Energy Ltd. 1 3,900 16,638 - ---------------------------------------------------------------------------------------------------------------------- Whiting Petroleum Corp. 1 8,600 350,708 - ---------------------------------------------------------------------------------------------------------------------- World Fuel Services Corp. 3,800 119,700 --------------- 11,952,841 - ---------------------------------------------------------------------------------------------------------------------- FINANCIALS--15.5% - ---------------------------------------------------------------------------------------------------------------------- CAPITAL MARKETS--0.3% GFI Group, Inc. 1 400 10,732 - ---------------------------------------------------------------------------------------------------------------------- Greenhill & Co., Inc. 1,000 35,800 - ---------------------------------------------------------------------------------------------------------------------- National Financial Partners Corp. 12,700 505,460 - ---------------------------------------------------------------------------------------------------------------------- optionsXpress Holdings, Inc. 1 5,700 92,283 - ---------------------------------------------------------------------------------------------------------------------- SWS Group, Inc. 8,600 137,858 --------------- 782,133 - ---------------------------------------------------------------------------------------------------------------------- COMMERCIAL BANKS--4.3% AmericanWest Bancorporation 1 2,510 48,368 - ---------------------------------------------------------------------------------------------------------------------- Anchor BanCorp Wisconsin, Inc. 3,600 101,196 - ---------------------------------------------------------------------------------------------------------------------- Associated Banc-Corp. 8,713 272,107 - ---------------------------------------------------------------------------------------------------------------------- Astoria Financial Corp. 8,450 213,785 - ---------------------------------------------------------------------------------------------------------------------- Bank of Hawaii Corp. 1,400 63,364 - ---------------------------------------------------------------------------------------------------------------------- Bank of the Ozarks, Inc. 500 15,875 - ---------------------------------------------------------------------------------------------------------------------- BankAtlantic Bancorp, Inc. 6,300 109,620 - ---------------------------------------------------------------------------------------------------------------------- Banner Corp. 1,300 35,061 - ---------------------------------------------------------------------------------------------------------------------- Berkshire Hills Bancorp, Inc. 1,400 47,250 - ---------------------------------------------------------------------------------------------------------------------- Camco Financial Corp. 400 5,612 - ---------------------------------------------------------------------------------------------------------------------- Camden National Corp. 300 10,605 - ---------------------------------------------------------------------------------------------------------------------- Capital Corp. of the West 400 18,592 - ---------------------------------------------------------------------------------------------------------------------- Capitol Bancorp Ltd. 600 18,150 - ---------------------------------------------------------------------------------------------------------------------- Capitol Federal Financial 200 6,928 - ---------------------------------------------------------------------------------------------------------------------- Cathay Bancorp, Inc. 1,400 44,100 - ---------------------------------------------------------------------------------------------------------------------- Center Financial Corp. 800 14,104 - ---------------------------------------------------------------------------------------------------------------------- Central Pacific Financial Corp. 3,800 127,870 - ---------------------------------------------------------------------------------------------------------------------- CFS Bancorp, Inc. 100 1,369 - ----------------------------------------------------------------------------------------------------------------------
10 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- COMMERCIAL BANKS CONTINUED Chemical Financial Corp. 2,291 $ 74,469 - ---------------------------------------------------------------------------------------------------------------------- Chittenden Corp. 1,800 46,926 - ---------------------------------------------------------------------------------------------------------------------- Citizens First Bancorp, Inc. 2,900 64,786 - ---------------------------------------------------------------------------------------------------------------------- City Holding Co. 6,700 197,885 - ---------------------------------------------------------------------------------------------------------------------- City National Corp. 2,100 146,622 - ---------------------------------------------------------------------------------------------------------------------- Columbia Banking System, Inc. 4,790 113,763 - ---------------------------------------------------------------------------------------------------------------------- Commerce Bancshares, Inc. 500 24,100 - ---------------------------------------------------------------------------------------------------------------------- Commercial Federal Corp. 2,200 60,830 - ---------------------------------------------------------------------------------------------------------------------- Community Bancorp, Inc. 1 100 2,519 - ---------------------------------------------------------------------------------------------------------------------- Community Bank System, Inc. 16,400 375,724 - ---------------------------------------------------------------------------------------------------------------------- Community Trust Bancorp, Inc. 715 20,599 - ---------------------------------------------------------------------------------------------------------------------- Corus Bankshares, Inc. 1,200 57,228 - ---------------------------------------------------------------------------------------------------------------------- Cullen/Frost Bankers, Inc. 1,800 81,270 - ---------------------------------------------------------------------------------------------------------------------- Dime Community Bancshares, Inc. 5,212 79,222 - ---------------------------------------------------------------------------------------------------------------------- Downey Financial Corp. 3,700 227,661 - ---------------------------------------------------------------------------------------------------------------------- East West Bancorp, Inc. 1,400 51,688 - ---------------------------------------------------------------------------------------------------------------------- F.N.B. Corp. 900 17,235 - ---------------------------------------------------------------------------------------------------------------------- Fidelity Bankshares, Inc. 3,724 85,578 - ---------------------------------------------------------------------------------------------------------------------- First BanCorp 3,050 128,863 - ---------------------------------------------------------------------------------------------------------------------- First Citizens BancShares, Inc., Cl. A 800 117,104 - ---------------------------------------------------------------------------------------------------------------------- First Commonwealth Financial Corp. 17,000 232,900 - ---------------------------------------------------------------------------------------------------------------------- First Community Bancorp 500 22,150 - ---------------------------------------------------------------------------------------------------------------------- First Defiance Financial Corp. 1,200 31,200 - ---------------------------------------------------------------------------------------------------------------------- First Financial Bancorp 300 5,475 - ---------------------------------------------------------------------------------------------------------------------- First Financial Corp. 600 17,730 - ---------------------------------------------------------------------------------------------------------------------- First Financial Holdings, Inc. 2,800 77,784 - ---------------------------------------------------------------------------------------------------------------------- First Merchants Corp. 215 5,569 - ---------------------------------------------------------------------------------------------------------------------- First Midwest Bancorp, Inc. 900 29,232 - ---------------------------------------------------------------------------------------------------------------------- First Place Financial Corp. 5,400 98,820 - ---------------------------------------------------------------------------------------------------------------------- First Republic Bank 4,800 155,376 - ---------------------------------------------------------------------------------------------------------------------- FirstFed Financial Corp. 1 3,400 173,434 - ---------------------------------------------------------------------------------------------------------------------- Flagstar Bancorp, Inc. 3,100 60,605 - ---------------------------------------------------------------------------------------------------------------------- Frontier Financial Corp. 100 3,790 - ---------------------------------------------------------------------------------------------------------------------- GB&T Bancshares, Inc. 1,400 30,324 - ---------------------------------------------------------------------------------------------------------------------- Glacier Bancorp, Inc. 2,475 75,488 - ---------------------------------------------------------------------------------------------------------------------- Greater Bay Bancorp 6,000 146,460 - ---------------------------------------------------------------------------------------------------------------------- Hancock Holding Co. 500 16,250 - ---------------------------------------------------------------------------------------------------------------------- Harbor Florida Bancshares, Inc. 4,700 160,270 - ---------------------------------------------------------------------------------------------------------------------- Hibernia Corp., Cl. A 6,000 192,060 - ---------------------------------------------------------------------------------------------------------------------- Home Federal Bancorp 600 15,030 - ---------------------------------------------------------------------------------------------------------------------- Horizon Financial Corp. 200 3,756 - ---------------------------------------------------------------------------------------------------------------------- Hudson United Bancorp 1,600 56,400 - ---------------------------------------------------------------------------------------------------------------------- Independence Community Bank Corp. 700 27,300 - ---------------------------------------------------------------------------------------------------------------------- Independent Bank Corp., Michigan 6,643 191,119 - ---------------------------------------------------------------------------------------------------------------------- Indymac Mortgage Holdings, Inc. 8,200 278,800 - ---------------------------------------------------------------------------------------------------------------------- Irwin Financial Corp. 600 13,812 - ---------------------------------------------------------------------------------------------------------------------- ITLA Capital Corp. 1 400 19,984 - ---------------------------------------------------------------------------------------------------------------------- Macatawa Bank Corp. 355 11,919 - ---------------------------------------------------------------------------------------------------------------------- MAF Bancorp, Inc. 1,500 62,310 - ---------------------------------------------------------------------------------------------------------------------- MainSource Financial Group, Inc. 383 8,418 - ----------------------------------------------------------------------------------------------------------------------
11 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- COMMERCIAL BANKS CONTINUED Mercantile Bankshares Corp. 1,100 $ 55,946 - ---------------------------------------------------------------------------------------------------------------------- NASB Financial, Inc. 900 35,640 - ---------------------------------------------------------------------------------------------------------------------- National Bankshares, Inc. 600 27,216 - ---------------------------------------------------------------------------------------------------------------------- NBT Bancorp, Inc. 1,700 38,097 - ---------------------------------------------------------------------------------------------------------------------- Net.B@nk, Inc. 10,500 89,040 - ---------------------------------------------------------------------------------------------------------------------- Oak Hill Financial, Inc. 500 16,830 - ---------------------------------------------------------------------------------------------------------------------- Old National Bancorp 700 14,210 - ---------------------------------------------------------------------------------------------------------------------- Old Second Bancorp, Inc. 116 3,500 - ---------------------------------------------------------------------------------------------------------------------- Oriental Financial Group, Inc. 1,890 44,264 - ---------------------------------------------------------------------------------------------------------------------- Pacific Capital Bancorp 18,910 563,140 - ---------------------------------------------------------------------------------------------------------------------- Parkvale Financial Corp. 400 11,120 - ---------------------------------------------------------------------------------------------------------------------- PennRock Financial Services Corp. 1,220 42,602 - ---------------------------------------------------------------------------------------------------------------------- PFF Bancorp, Inc. 9,410 259,716 - ---------------------------------------------------------------------------------------------------------------------- Preferred Bank, Los Angeles 800 31,920 - ---------------------------------------------------------------------------------------------------------------------- Provident Bankshares Corp. 6,551 215,921 - ---------------------------------------------------------------------------------------------------------------------- Provident Financial Holdings, Inc. 800 23,792 - ---------------------------------------------------------------------------------------------------------------------- R&G Financial Corp., Cl. B 9,600 299,232 - ---------------------------------------------------------------------------------------------------------------------- Republic Bancorp, Inc. 11,757 159,190 - ---------------------------------------------------------------------------------------------------------------------- Republic Bancorp, Inc., Cl. A 3,738 83,040 - ---------------------------------------------------------------------------------------------------------------------- S&T Bancorp, Inc. 300 10,620 - ---------------------------------------------------------------------------------------------------------------------- Santander BanCorp 120 3,160 - ---------------------------------------------------------------------------------------------------------------------- Seacoast Banking Corp. of Florida 2,730 53,726 - ---------------------------------------------------------------------------------------------------------------------- Silicon Valley Bancshares 1 8,900 392,134 - ---------------------------------------------------------------------------------------------------------------------- Sound Federal Bancorp, Inc. 300 4,647 - ---------------------------------------------------------------------------------------------------------------------- Southside Bancshares, Inc. 330 6,877 - ---------------------------------------------------------------------------------------------------------------------- Southwest Bancorp, Inc. 2,800 51,660 - ---------------------------------------------------------------------------------------------------------------------- State Bancorp, Inc. 1,162 30,224 - ---------------------------------------------------------------------------------------------------------------------- State Financial Services Corp. 7,100 262,345 - ---------------------------------------------------------------------------------------------------------------------- Sterling Bancorp 4,360 105,817 - ---------------------------------------------------------------------------------------------------------------------- Sterling Bancshares, Inc. 900 12,780 - ---------------------------------------------------------------------------------------------------------------------- Sterling Financial Corp. 13,317 475,417 - ---------------------------------------------------------------------------------------------------------------------- Sun Bancorp, Inc. 596 13,639 - ---------------------------------------------------------------------------------------------------------------------- TierOne Corp. 3,800 89,300 - ---------------------------------------------------------------------------------------------------------------------- UMB Financial Corp. 600 34,152 - ---------------------------------------------------------------------------------------------------------------------- Union Bankshares Corp. 900 28,818 - ---------------------------------------------------------------------------------------------------------------------- United Bankshares, Inc. 1,400 46,396 - ---------------------------------------------------------------------------------------------------------------------- United Community Financial Corp. 800 8,872 - ---------------------------------------------------------------------------------------------------------------------- Vineyard National Bancorp Co. 100 2,739 - ---------------------------------------------------------------------------------------------------------------------- W. Holding Co., Inc. 600 6,042 - ---------------------------------------------------------------------------------------------------------------------- Washington Federal, Inc. 2,700 62,937 - ---------------------------------------------------------------------------------------------------------------------- Webster Financial Corp. 2,400 108,984 - ---------------------------------------------------------------------------------------------------------------------- WesBanco, Inc. 1,100 30,261 - ---------------------------------------------------------------------------------------------------------------------- Whitney Holding Corp. 400 17,804 - ---------------------------------------------------------------------------------------------------------------------- Wilshire Bancorp, Inc. 1 1,700 22,168 - ---------------------------------------------------------------------------------------------------------------------- WSFS Financial Corp. 4,200 220,752 --------------- 9,468,480 - ---------------------------------------------------------------------------------------------------------------------- CONSUMER FINANCE--0.2% Advance America Cash Advance Centers, Inc. 1,500 23,220 - ---------------------------------------------------------------------------------------------------------------------- ASTA Funding, Inc. 8,500 179,945 - ----------------------------------------------------------------------------------------------------------------------
12 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- CONSUMER FINANCE CONTINUED Dollar Financial Corp. 1 6,700 $ 79,596 - ---------------------------------------------------------------------------------------------------------------------- MoneyGram International, Inc. 7,600 143,564 - ---------------------------------------------------------------------------------------------------------------------- Nelnet, Inc., Cl. A 1 100 3,183 --------------- 429,508 - ---------------------------------------------------------------------------------------------------------------------- DIVERSIFIED FINANCIAL SERVICES--3.6% Advanta Corp., Cl. B 4,900 112,700 - ---------------------------------------------------------------------------------------------------------------------- Affiliated Managers Group, Inc. 1 7,900 490,037 - ---------------------------------------------------------------------------------------------------------------------- American Capital Strategies Ltd. 9,300 292,113 - ---------------------------------------------------------------------------------------------------------------------- AmeriCredit Corp. 1 13,900 325,816 - ---------------------------------------------------------------------------------------------------------------------- Apollo Investment Corp. 5,000 83,900 - ---------------------------------------------------------------------------------------------------------------------- Archipelago Holdings, Inc. 1 900 15,930 - ---------------------------------------------------------------------------------------------------------------------- Cash America International, Inc. 6,600 144,738 - ---------------------------------------------------------------------------------------------------------------------- CompuCredit Corp. 1 13,200 351,384 - ---------------------------------------------------------------------------------------------------------------------- E*TRADE Financial Corp. 1 13,200 158,400 - ---------------------------------------------------------------------------------------------------------------------- Eaton Vance Corp. 2,000 46,880 - ---------------------------------------------------------------------------------------------------------------------- Encore Capital Group, Inc. 1 1,000 14,550 - ---------------------------------------------------------------------------------------------------------------------- First Albany Cos., Inc. 300 2,748 - ---------------------------------------------------------------------------------------------------------------------- First Cash Financial Services, Inc. 1 3,100 65,627 - ---------------------------------------------------------------------------------------------------------------------- Gabelli Asset Management, Inc. 5,100 227,715 - ---------------------------------------------------------------------------------------------------------------------- GATX Corp. 15,500 514,445 - ---------------------------------------------------------------------------------------------------------------------- International Securities Exchange, Inc., Cl. A 1 5,600 145,600 - ---------------------------------------------------------------------------------------------------------------------- Investment Technology Group, Inc. 1 7,600 133,000 - ---------------------------------------------------------------------------------------------------------------------- Investors Financial Services Corp. 7,000 342,370 - ---------------------------------------------------------------------------------------------------------------------- iShares Russell 2000 Index Fund 25,000 3,053,750 - ---------------------------------------------------------------------------------------------------------------------- Jefferies Group, Inc. 1,200 45,216 - ---------------------------------------------------------------------------------------------------------------------- LaBranche & Co., Inc. 1 3,400 31,620 - ---------------------------------------------------------------------------------------------------------------------- Ladenburg Thalmann Financial Services, Inc. 1 768 522 - ---------------------------------------------------------------------------------------------------------------------- Medallion Financial Corp. 1,600 14,624 - ---------------------------------------------------------------------------------------------------------------------- Metris Cos., Inc. 1 16,000 185,440 - ---------------------------------------------------------------------------------------------------------------------- Piper Jaffray Cos., Inc. 1 2,900 106,111 - ---------------------------------------------------------------------------------------------------------------------- Providian Financial Corp. 1 4,100 70,356 - ---------------------------------------------------------------------------------------------------------------------- Raymond James Financial, Inc. 8,800 266,640 - ---------------------------------------------------------------------------------------------------------------------- Sanders Morris Harris Group, Inc. 4,100 74,128 - ---------------------------------------------------------------------------------------------------------------------- SEI Investments Co. 1,800 65,088 - ---------------------------------------------------------------------------------------------------------------------- Student Loan Corp. (The) 700 146,307 - ---------------------------------------------------------------------------------------------------------------------- United PanAm Financial Corp. 1 700 14,273 - ---------------------------------------------------------------------------------------------------------------------- WFS Financial, Inc. 4,300 185,545 - ---------------------------------------------------------------------------------------------------------------------- World Acceptance Corp. 1 5,700 145,464 --------------- 7,873,037 - ---------------------------------------------------------------------------------------------------------------------- INSURANCE--4.7% Affirmative Insurance Holdings, Inc. 6,700 98,825 - ---------------------------------------------------------------------------------------------------------------------- Alfa Corp. 4,400 63,580 - ---------------------------------------------------------------------------------------------------------------------- Allmerica Financial Corp. 1 7,400 266,030 - ---------------------------------------------------------------------------------------------------------------------- American Equity Investment Life Holding Co. 3,600 46,044 - ---------------------------------------------------------------------------------------------------------------------- American Financial Group, Inc. 5,700 175,560 - ---------------------------------------------------------------------------------------------------------------------- American Physicians Capital, Inc. 1 3,300 113,091 - ----------------------------------------------------------------------------------------------------------------------
13 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- INSURANCE CONTINUED AmerUs Group Co. 11,200 $ 529,200 - ---------------------------------------------------------------------------------------------------------------------- Arch Capital Group Ltd. 1 3,200 128,128 - ---------------------------------------------------------------------------------------------------------------------- Argonaut Group, Inc. 1 2,500 53,050 - ---------------------------------------------------------------------------------------------------------------------- Aspen Insurance Holdings Ltd. 5,800 146,218 - ---------------------------------------------------------------------------------------------------------------------- Assurant, Inc. 5,000 168,500 - ---------------------------------------------------------------------------------------------------------------------- Baldwin & Lyons, Inc., Cl. B, Non-Vtg. 600 15,564 - ---------------------------------------------------------------------------------------------------------------------- Berkley (W.R.) Corp. 3,400 168,640 - ---------------------------------------------------------------------------------------------------------------------- Brown & Brown, Inc. 1,900 87,571 - ---------------------------------------------------------------------------------------------------------------------- Clark, Inc. 1 400 6,192 - ---------------------------------------------------------------------------------------------------------------------- Commerce Group, Inc. (The) 4,500 278,910 - ---------------------------------------------------------------------------------------------------------------------- Danielson Holding Corp. 1 4,600 79,350 - ---------------------------------------------------------------------------------------------------------------------- Delphi Financial Group, Inc., Cl. A 7,900 339,700 - ---------------------------------------------------------------------------------------------------------------------- Direct General Corp. 1,800 36,972 - ---------------------------------------------------------------------------------------------------------------------- Donegal Group, Inc., Cl. A 5,200 94,484 - ---------------------------------------------------------------------------------------------------------------------- EMC Insurance Group, Inc. 300 5,718 - ---------------------------------------------------------------------------------------------------------------------- Fidelity National Financial, Inc. 79 2,602 - ---------------------------------------------------------------------------------------------------------------------- First American Corp. (The) 8,900 293,166 - ---------------------------------------------------------------------------------------------------------------------- FPIC Insurance Group, Inc. 1 5,100 163,965 - ---------------------------------------------------------------------------------------------------------------------- Great American Financial Resources, Inc. 1,300 22,022 - ---------------------------------------------------------------------------------------------------------------------- HCC Insurance Holdings, Inc. 4,100 148,256 - ---------------------------------------------------------------------------------------------------------------------- Horace Mann Educators Corp. 18,800 333,512 - ---------------------------------------------------------------------------------------------------------------------- Independence Holding Co. 540 9,736 - ---------------------------------------------------------------------------------------------------------------------- Infinity Property & Casualty Corp. 7,900 246,954 - ---------------------------------------------------------------------------------------------------------------------- IPC Holdings Ltd. 2,400 94,272 - ---------------------------------------------------------------------------------------------------------------------- LandAmerica Financial Group, Inc. 10,900 545,327 - ---------------------------------------------------------------------------------------------------------------------- Markel Corp. 1 500 172,605 - ---------------------------------------------------------------------------------------------------------------------- Meadowbrook Insurance Group, Inc. 1 2,000 10,500 - ---------------------------------------------------------------------------------------------------------------------- Mercury General Corp. 1,900 104,994 - ---------------------------------------------------------------------------------------------------------------------- National Interstate Corp. 1 1,500 25,200 - ---------------------------------------------------------------------------------------------------------------------- National Western Life Insurance Co., Cl. A 1 400 68,376 - ---------------------------------------------------------------------------------------------------------------------- Odyssey Re Holdings Corp. 9,300 232,872 - ---------------------------------------------------------------------------------------------------------------------- Ohio Casualty Corp. 1 25,100 576,798 - ---------------------------------------------------------------------------------------------------------------------- Old Republic International Corp. 6,400 149,056 - ---------------------------------------------------------------------------------------------------------------------- Partnerre Holdings Ltd. 2,000 129,200 - ---------------------------------------------------------------------------------------------------------------------- Philadelphia Consolidated Holding Co. 1 4,700 364,391 - ---------------------------------------------------------------------------------------------------------------------- Phoenix Cos., Inc. (The) 12,200 155,916 - ---------------------------------------------------------------------------------------------------------------------- PMA Capital Corp., Cl. A 1 2,100 16,800 - ---------------------------------------------------------------------------------------------------------------------- Presidential Life Corp. 1,000 16,280 - ---------------------------------------------------------------------------------------------------------------------- ProAssurance Corp. 1 1,800 71,100 - ---------------------------------------------------------------------------------------------------------------------- ProCentury Corp. 10,900 114,341 - ---------------------------------------------------------------------------------------------------------------------- Protective Life Corp. 4,100 161,130 - ---------------------------------------------------------------------------------------------------------------------- Pxre Group Ltd. 1,200 30,780 - ---------------------------------------------------------------------------------------------------------------------- Reinsurance Group of America, Inc. 2,100 89,418 - ---------------------------------------------------------------------------------------------------------------------- RLI Corp. 5,700 236,265 - ---------------------------------------------------------------------------------------------------------------------- Safety Insurance Group, Inc. 5,100 157,896 - ---------------------------------------------------------------------------------------------------------------------- Selective Insurance Group, Inc. 8,900 411,447 - ---------------------------------------------------------------------------------------------------------------------- StanCorp Financial Group, Inc. 4,800 406,944 - ---------------------------------------------------------------------------------------------------------------------- State Auto Financial Corp. 6,300 167,706 - ----------------------------------------------------------------------------------------------------------------------
14 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- INSURANCE CONTINUED Stewart Information Services Corp. 5,000 $ 187,600 - ---------------------------------------------------------------------------------------------------------------------- Transatlantic Holdings, Inc. 300 19,866 - ---------------------------------------------------------------------------------------------------------------------- UICI 4,000 97,000 - ---------------------------------------------------------------------------------------------------------------------- United America Indemnity Ltd., Cl. A 1 1,206 22,721 - ---------------------------------------------------------------------------------------------------------------------- United Fire & Casualty Co. 5,000 169,150 - ---------------------------------------------------------------------------------------------------------------------- Unitrin, Inc. 4,100 186,140 - ---------------------------------------------------------------------------------------------------------------------- Universal American Financial Corp. 1 30,000 519,000 - ---------------------------------------------------------------------------------------------------------------------- UnumProvident Corp. 3,600 61,272 - ---------------------------------------------------------------------------------------------------------------------- Vesta Insurance Group, Inc. 9,400 33,370 - ---------------------------------------------------------------------------------------------------------------------- Zenith National Insurance Corp. 6,600 342,276 --------------- 10,269,549 - ---------------------------------------------------------------------------------------------------------------------- REAL ESTATE--2.0% Acadia Realty Trust 1,100 17,688 - ---------------------------------------------------------------------------------------------------------------------- Agree Realty Corp. 4,600 124,108 - ---------------------------------------------------------------------------------------------------------------------- Alexandria Real Estate Equities, Inc. 1,100 70,818 - ---------------------------------------------------------------------------------------------------------------------- Amli Residential Properties Trust 800 21,912 - ---------------------------------------------------------------------------------------------------------------------- Arden Realty, Inc. 2,500 84,625 - ---------------------------------------------------------------------------------------------------------------------- Associated Estates Realty Corp. 2,000 19,940 - ---------------------------------------------------------------------------------------------------------------------- Brandywine Realty Trust 4,600 130,640 - ---------------------------------------------------------------------------------------------------------------------- Camden Property Trust 1,700 79,951 - ---------------------------------------------------------------------------------------------------------------------- Capital Automotive REIT 1,500 49,680 - ---------------------------------------------------------------------------------------------------------------------- Capstead Mortgage Corp. 1,100 9,405 - ---------------------------------------------------------------------------------------------------------------------- CarrAmerica Realty Corp. 1,900 59,945 - ---------------------------------------------------------------------------------------------------------------------- CBL & Associates Properties, Inc. 1,400 100,114 - ---------------------------------------------------------------------------------------------------------------------- Colonial Properties Trust 1,454 55,848 - ---------------------------------------------------------------------------------------------------------------------- Consolidated-Tomoka Land Co. 500 28,615 - ---------------------------------------------------------------------------------------------------------------------- Corporate Office Properties Trust 3,100 82,088 - ---------------------------------------------------------------------------------------------------------------------- Correctional Properties Trust 1,700 42,925 - ---------------------------------------------------------------------------------------------------------------------- CRT Properties, Inc. 1,500 32,670 - ---------------------------------------------------------------------------------------------------------------------- Entertainment Properties Trust 600 24,858 - ---------------------------------------------------------------------------------------------------------------------- Equity Inns, Inc. 9,200 101,476 - ---------------------------------------------------------------------------------------------------------------------- Federal Realty Investment Trust 1,900 91,865 - ---------------------------------------------------------------------------------------------------------------------- First Industrial Realty Trust, Inc. 2,800 105,924 - ---------------------------------------------------------------------------------------------------------------------- Forest City Enterprises, Inc., Cl. A 700 44,660 - ---------------------------------------------------------------------------------------------------------------------- Friedman, Billings, Ramsey Group, Inc., Cl. A 5,300 84,111 - ---------------------------------------------------------------------------------------------------------------------- Getty Realty Corp. 1,000 25,550 - ---------------------------------------------------------------------------------------------------------------------- Glenborough Realty Trust, Inc. 800 15,296 - ---------------------------------------------------------------------------------------------------------------------- Glimcher Realty Trust 2,100 49,770 - ---------------------------------------------------------------------------------------------------------------------- Health Care REIT, Inc. 3,000 96,000 - ---------------------------------------------------------------------------------------------------------------------- Healthcare Realty Trust, Inc. 3,100 112,964 - ---------------------------------------------------------------------------------------------------------------------- Heritage Property Investment Trust 2,100 62,328 - ---------------------------------------------------------------------------------------------------------------------- Highwoods Properties, Inc. 2,300 61,686 - ---------------------------------------------------------------------------------------------------------------------- HRPT Properties Trust 4,300 51,213 - ---------------------------------------------------------------------------------------------------------------------- Jones Lang LaSalle, Inc. 1 9,900 461,835 - ---------------------------------------------------------------------------------------------------------------------- Kilroy Realty Corp. 2,700 110,457 - ---------------------------------------------------------------------------------------------------------------------- Lexington Corporate Properties Trust 5,700 125,058 - ---------------------------------------------------------------------------------------------------------------------- LTC Properties, Inc. 1,000 17,350 - ---------------------------------------------------------------------------------------------------------------------- Macerich Co. (The) 600 31,968 - ---------------------------------------------------------------------------------------------------------------------- Mack-Cali Realty Corp. 1,500 63,525 - ----------------------------------------------------------------------------------------------------------------------
15 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- REAL ESTATE CONTINUED Maguire Properties, Inc. 1,400 $ 33,432 - ---------------------------------------------------------------------------------------------------------------------- Mid-America Apartment Communities, Inc. 2,200 80,300 - ---------------------------------------------------------------------------------------------------------------------- Mills Corp. 1,900 100,510 - ---------------------------------------------------------------------------------------------------------------------- Nationwide Health Properties, Inc. 3,800 76,798 - ---------------------------------------------------------------------------------------------------------------------- Novastar Financial, Inc. 1,500 54,015 - ---------------------------------------------------------------------------------------------------------------------- Omega Healthcare Investors, Inc. 1,100 12,078 - ---------------------------------------------------------------------------------------------------------------------- Pan Pacific Retail Properties, Inc. 1,300 73,775 - ---------------------------------------------------------------------------------------------------------------------- Parkway Properties, Inc. 500 23,350 - ---------------------------------------------------------------------------------------------------------------------- Pennsylvania Real Estate Investment Trust 3,100 124,992 - ---------------------------------------------------------------------------------------------------------------------- Prentiss Properties Trust 600 20,496 - ---------------------------------------------------------------------------------------------------------------------- PS Business Parks, Inc. 500 20,150 - ---------------------------------------------------------------------------------------------------------------------- RAIT Investment Trust 1,200 32,184 - ---------------------------------------------------------------------------------------------------------------------- Ramco-Gershenson Properties Trust 2,100 57,015 - ---------------------------------------------------------------------------------------------------------------------- Realty Income Corp. 1,500 34,320 - ---------------------------------------------------------------------------------------------------------------------- Redwood Trust, Inc. 800 40,944 - ---------------------------------------------------------------------------------------------------------------------- Regency Centers Corp. 800 38,104 - ---------------------------------------------------------------------------------------------------------------------- Senior Housing Properties Trust 3,200 53,376 - ---------------------------------------------------------------------------------------------------------------------- Simon Property Group, Inc. 158 9,572 - ---------------------------------------------------------------------------------------------------------------------- SL Green Realty Corp. 1,100 61,842 - ---------------------------------------------------------------------------------------------------------------------- Spirit Finance Corp. 1 12,400 134,664 - ---------------------------------------------------------------------------------------------------------------------- Stratus Properties, Inc. 1 1,500 24,000 - ---------------------------------------------------------------------------------------------------------------------- Tanger Factory Outlet Centers, Inc. 4,800 105,600 - ---------------------------------------------------------------------------------------------------------------------- Town & Country Trust 900 23,805 - ---------------------------------------------------------------------------------------------------------------------- Trammell Crow Co. 1 4,600 94,622 - ---------------------------------------------------------------------------------------------------------------------- Trizec Properties, Inc. 2,300 43,700 - ---------------------------------------------------------------------------------------------------------------------- United Capital Corp. 1 400 9,776 - ---------------------------------------------------------------------------------------------------------------------- United Dominion Realty Trust, Inc. 2,400 50,088 - ---------------------------------------------------------------------------------------------------------------------- Ventas, Inc. 1,900 47,424 - ---------------------------------------------------------------------------------------------------------------------- W.P. Carey & Co. LLC 400 12,148 - ---------------------------------------------------------------------------------------------------------------------- Weingarten Realty Investors 1,900 65,569 --------------- 4,307,515 - ---------------------------------------------------------------------------------------------------------------------- THRIFTS & MORTGAGE FINANCE--0.4% Accredited Home Lenders Holding Co. 1 400 14,492 - ---------------------------------------------------------------------------------------------------------------------- Bank Mutual Corp. 17,236 203,730 - ---------------------------------------------------------------------------------------------------------------------- CharterMac 700 15,050 - ---------------------------------------------------------------------------------------------------------------------- Clifton Savings Bancorp, Inc. 1,400 15,680 - ---------------------------------------------------------------------------------------------------------------------- Commercial Capital Bancorp, Inc. 9,000 183,150 - ---------------------------------------------------------------------------------------------------------------------- Doral Financial Corp. 2,800 61,292 - ---------------------------------------------------------------------------------------------------------------------- Fremont General Corp. 10,400 228,696 - ---------------------------------------------------------------------------------------------------------------------- NewAlliance Bancshares, Inc. 2,700 37,800 - ---------------------------------------------------------------------------------------------------------------------- Radian Group, Inc. 3,500 167,090 --------------- 926,980 - ---------------------------------------------------------------------------------------------------------------------- HEALTH CARE--9.8% - ---------------------------------------------------------------------------------------------------------------------- BIOTECHNOLOGY--0.7% Affymetrix, Inc. 1 4,300 184,212 - ---------------------------------------------------------------------------------------------------------------------- Applera Corp./Applied Biosystems Group 7,100 140,154 - ---------------------------------------------------------------------------------------------------------------------- Array BioPharma, Inc. 1 21,200 148,612 - ---------------------------------------------------------------------------------------------------------------------- Bone Care International, Inc. 1 3,000 77,820 - ----------------------------------------------------------------------------------------------------------------------
16 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- BIOTECHNOLOGY CONTINUED Caliper Life Sciences, Inc. 1 2,300 $ 14,835 - ---------------------------------------------------------------------------------------------------------------------- Celgene Corp. 1 1,300 44,265 - ---------------------------------------------------------------------------------------------------------------------- Enzo Biochem, Inc. 3,600 51,912 - ---------------------------------------------------------------------------------------------------------------------- ID Biomedical Corp. 1 6,100 93,086 - ---------------------------------------------------------------------------------------------------------------------- ImmunoGen, Inc. 1 5,400 28,242 - ---------------------------------------------------------------------------------------------------------------------- Myriad Genetics, Inc. 1 6,300 115,857 - ---------------------------------------------------------------------------------------------------------------------- Northfield Laboratories, Inc. 1 3,400 38,250 - ---------------------------------------------------------------------------------------------------------------------- Orchid Biosciences, Inc. 1 7,600 89,376 - ---------------------------------------------------------------------------------------------------------------------- Third Wave Technologies, Inc. 1 22,300 128,448 - ---------------------------------------------------------------------------------------------------------------------- United Therapeutics Corp. 1 6,300 287,879 - ---------------------------------------------------------------------------------------------------------------------- Vertex Pharmaceuticals, Inc. 1 2,600 24,336 --------------- 1,467,284 - ---------------------------------------------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES--3.1% ABIOMED, Inc. 1 2,600 27,508 - ---------------------------------------------------------------------------------------------------------------------- Adeza Biomedical Corp. 1 2,000 24,360 - ---------------------------------------------------------------------------------------------------------------------- American Medical Systems Holdings, Inc. 1 11,900 204,442 - ---------------------------------------------------------------------------------------------------------------------- Analogic Corp. 300 12,975 - ---------------------------------------------------------------------------------------------------------------------- Anika Therapeutics, Inc. 1 2,200 28,160 - ---------------------------------------------------------------------------------------------------------------------- Arrow International, Inc. 7,600 261,060 - ---------------------------------------------------------------------------------------------------------------------- Aspect Medical Systems, Inc. 1 8,100 174,879 - ---------------------------------------------------------------------------------------------------------------------- Bausch & Lomb, Inc. 3,400 249,220 - ---------------------------------------------------------------------------------------------------------------------- ConMed Corp. 1 9,000 271,080 - ---------------------------------------------------------------------------------------------------------------------- Conor Medsystems, Inc. 1 4,000 65,160 - ---------------------------------------------------------------------------------------------------------------------- Dade Behring Holdings, Inc. 1 3,500 206,255 - ---------------------------------------------------------------------------------------------------------------------- DJ Orthopedics, Inc. 1 4,100 102,705 - ---------------------------------------------------------------------------------------------------------------------- Edwards Lifesciences Corp. 1 1,600 69,152 - ---------------------------------------------------------------------------------------------------------------------- Endologix, Inc. 1 1,500 8,625 - ---------------------------------------------------------------------------------------------------------------------- Gen-Probe, Inc. 1 1,100 49,016 - ---------------------------------------------------------------------------------------------------------------------- Haemonetics Corp. 1 12,300 518,568 - ---------------------------------------------------------------------------------------------------------------------- HealthTronics, Inc. 1 6,600 71,016 - ---------------------------------------------------------------------------------------------------------------------- Hologic, Inc. 1 10,300 328,313 - ---------------------------------------------------------------------------------------------------------------------- Hospira, Inc. 1 4,200 135,534 - ---------------------------------------------------------------------------------------------------------------------- Immucor, Inc. 1 5,775 174,347 - ---------------------------------------------------------------------------------------------------------------------- Inamed Corp. 1 1,050 73,374 - ---------------------------------------------------------------------------------------------------------------------- Intuitive Surgical, Inc. 1 2,100 95,487 - ---------------------------------------------------------------------------------------------------------------------- Kensey Nash Corp. 1 4,100 111,028 - ---------------------------------------------------------------------------------------------------------------------- Kyphon, Inc. 1 1,400 35,238 - ---------------------------------------------------------------------------------------------------------------------- Lifeline Systems, Inc. 1 4,200 127,344 - ---------------------------------------------------------------------------------------------------------------------- Matthews International Corp., Cl. A 7,300 239,148 - ---------------------------------------------------------------------------------------------------------------------- Medical Action Industries, Inc. 1 2,100 39,690 - ---------------------------------------------------------------------------------------------------------------------- Mentor Corp. 800 25,680 - ---------------------------------------------------------------------------------------------------------------------- Meridian Bioscience, Inc. 6,700 99,830 - ---------------------------------------------------------------------------------------------------------------------- Molecular Devices Corp. 1 5,100 96,900 - ----------------------------------------------------------------------------------------------------------------------
17 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES CONTINUED OrthoLogic Corp. 1 800 $ 4,048 - ---------------------------------------------------------------------------------------------------------------------- Palomar Medical Technologies, Inc. 1 5,300 142,941 - ---------------------------------------------------------------------------------------------------------------------- PerkinElmer, Inc. 11,100 228,993 - --------------------------------------------------------------------------------------------------------------------- PolyMedica Corp. 4,300 136,568 - ---------------------------------------------------------------------------------------------------------------------- ResMed, Inc. 1 1,600 90,240 - ---------------------------------------------------------------------------------------------------------------------- Respironics, Inc. 1 1,400 81,578 - ---------------------------------------------------------------------------------------------------------------------- SonoSite, Inc. 1 3,800 98,724 - ---------------------------------------------------------------------------------------------------------------------- Steris Corp. 1 6,400 161,600 - ---------------------------------------------------------------------------------------------------------------------- SurModics, Inc. 1 3,600 114,876 - ---------------------------------------------------------------------------------------------------------------------- Sybron Dental Specialties, Inc. 1 10,000 359,000 - ---------------------------------------------------------------------------------------------------------------------- Symmetry Medical, Inc. 1 1,400 26,628 - ---------------------------------------------------------------------------------------------------------------------- Thermo Electron Corp. 1 5,800 146,682 - ---------------------------------------------------------------------------------------------------------------------- TriPath Imaging, Inc. 1 4,100 28,864 - ---------------------------------------------------------------------------------------------------------------------- Urologix, Inc. 1 2,400 11,016 - ---------------------------------------------------------------------------------------------------------------------- Varian, Inc. 1 2,600 98,514 - ---------------------------------------------------------------------------------------------------------------------- Ventana Medical Systems, Inc. 1 12,400 464,504 - ---------------------------------------------------------------------------------------------------------------------- Viasys Healthcare, Inc. 1 2,800 53,424 - ---------------------------------------------------------------------------------------------------------------------- VISX, Inc. 1 18,900 443,016 - ---------------------------------------------------------------------------------------------------------------------- Vital Signs, Inc. 100 3,989 - ---------------------------------------------------------------------------------------------------------------------- West Pharmaceutical Services, Inc. 3,300 78,870 - ---------------------------------------------------------------------------------------------------------------------- Wright Medical Group, Inc. 1 2,700 64,800 - ---------------------------------------------------------------------------------------------------------------------- Young Innovations, Inc. 150 5,498 --------------- 6,770,467 - ---------------------------------------------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES--5.3% Advisory Board Co. (The) 1 800 34,960 - ---------------------------------------------------------------------------------------------------------------------- Alderwoods Group, Inc. 1 300 3,732 - ---------------------------------------------------------------------------------------------------------------------- Allscripts Healthcare Solutions, Inc. 1 19,200 274,560 - ---------------------------------------------------------------------------------------------------------------------- Amedisys, Inc. 1 300 9,075 - ---------------------------------------------------------------------------------------------------------------------- America Service Group, Inc. 1 2,850 63,071 - ---------------------------------------------------------------------------------------------------------------------- American Healthways, Inc. 1 10,900 359,918 - ---------------------------------------------------------------------------------------------------------------------- American Retirement Corp. 1 800 11,632 - ---------------------------------------------------------------------------------------------------------------------- AMERIGROUP Corp. 1 2,900 106,024 - ---------------------------------------------------------------------------------------------------------------------- AMN Healthcare Services, Inc. 1 800 12,728 - ---------------------------------------------------------------------------------------------------------------------- AmSurg Corp. 1 1,600 40,480 - ---------------------------------------------------------------------------------------------------------------------- Apria Healthcare Group, Inc. 1 13,800 442,980 - ---------------------------------------------------------------------------------------------------------------------- Beverly Enterprises, Inc. 1 43,400 537,292 - ---------------------------------------------------------------------------------------------------------------------- Bio-Reference Laboratories, Inc. 1 6,800 94,656 - ---------------------------------------------------------------------------------------------------------------------- Cantel Medical Corp. 1 3,450 99,912 - ---------------------------------------------------------------------------------------------------------------------- Cerner Corp. 1 3,300 173,283 - ---------------------------------------------------------------------------------------------------------------------- Community Health Systems, Inc. 1 4,800 167,568 - ---------------------------------------------------------------------------------------------------------------------- Computer Programs & Systems, Inc. 600 16,848 - ---------------------------------------------------------------------------------------------------------------------- CorVel Corp. 1 1,500 31,980 - ---------------------------------------------------------------------------------------------------------------------- Covance, Inc. 1 4,000 190,440 - ----------------------------------------------------------------------------------------------------------------------
18 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES CONTINUED Coventry Health Care, Inc. 1 2,800 $ 190,792 - ---------------------------------------------------------------------------------------------------------------------- Cross Country Healthcare, Inc. 1 8,900 149,164 - ---------------------------------------------------------------------------------------------------------------------- DaVita, Inc. 1 2,900 121,365 - ---------------------------------------------------------------------------------------------------------------------- Dendrite International, Inc. 1 7,400 103,896 - ---------------------------------------------------------------------------------------------------------------------- Eclipsys Corp. 1 2,300 35,604 - ---------------------------------------------------------------------------------------------------------------------- Emageon, Inc. 1 4,600 82,616 - ---------------------------------------------------------------------------------------------------------------------- eResearch Technology, Inc. 1 2,300 27,094 - ---------------------------------------------------------------------------------------------------------------------- Genesis HealthCare Corp. 1 12,800 548,992 - ---------------------------------------------------------------------------------------------------------------------- Gentiva Health Services, Inc. 1 14,200 229,756 - ---------------------------------------------------------------------------------------------------------------------- HealthExtras, Inc. 1 6,400 106,560 - ---------------------------------------------------------------------------------------------------------------------- Humana, Inc. 1 5,400 172,476 - ---------------------------------------------------------------------------------------------------------------------- IDX Systems Corp. 1 2,500 86,825 - ---------------------------------------------------------------------------------------------------------------------- Kindred Healthcare, Inc. 1 16,000 561,600 - ---------------------------------------------------------------------------------------------------------------------- LCA-Vision, Inc. 9,800 326,340 - ---------------------------------------------------------------------------------------------------------------------- Lincare Holdings, Inc. 1 5,000 221,150 - ---------------------------------------------------------------------------------------------------------------------- Magellan Health Services, Inc. 1 5,800 197,490 - ---------------------------------------------------------------------------------------------------------------------- Manor Care, Inc. 6,200 225,432 - ---------------------------------------------------------------------------------------------------------------------- Matria Healthcare, Inc. 1 8,400 257,964 - ---------------------------------------------------------------------------------------------------------------------- MedCath Corp. 1 4,200 123,060 - ---------------------------------------------------------------------------------------------------------------------- Merge Technologies, Inc. 1 5,700 100,035 - ---------------------------------------------------------------------------------------------------------------------- Molina Healthcare, Inc. 1 2,600 119,834 - ---------------------------------------------------------------------------------------------------------------------- National HealthCare Corp. 1,200 41,052 - ---------------------------------------------------------------------------------------------------------------------- National Medical Health Card Systems, Inc. 1 1,600 36,992 - ---------------------------------------------------------------------------------------------------------------------- Option Care, Inc. 15,700 323,263 - ---------------------------------------------------------------------------------------------------------------------- Owens & Minor, Inc. 12,700 344,805 - ---------------------------------------------------------------------------------------------------------------------- Parexel International Corp. 1 9,200 216,200 - ---------------------------------------------------------------------------------------------------------------------- PDI, Inc. 1 4,600 94,300 - ---------------------------------------------------------------------------------------------------------------------- Pediatrix Medical Group, Inc. 1 6,100 418,399 - ---------------------------------------------------------------------------------------------------------------------- Per-Se Technologies, Inc. 1 5,000 76,750 - ---------------------------------------------------------------------------------------------------------------------- Pharmaceutical Product Development, Inc. 1 3,500 169,575 - ---------------------------------------------------------------------------------------------------------------------- PRA International 1 1,900 51,167 - ---------------------------------------------------------------------------------------------------------------------- Province Healthcare Co. 1 8,800 211,992 - ---------------------------------------------------------------------------------------------------------------------- PSS World Medical, Inc. 1 19,700 223,989 - ---------------------------------------------------------------------------------------------------------------------- Psychiatric Solutions, Inc. 1 2,000 92,000 - ---------------------------------------------------------------------------------------------------------------------- RehabCare Group, Inc. 1 9,000 258,390 - ---------------------------------------------------------------------------------------------------------------------- Res-Care, Inc. 1 6,600 82,566 - ---------------------------------------------------------------------------------------------------------------------- Service Corp. International 1 23,600 176,528 - ---------------------------------------------------------------------------------------------------------------------- Sierra Health Services, Inc. 1 10,500 670,320 - ---------------------------------------------------------------------------------------------------------------------- Stewart Enterprises, Inc. 1 48,500 298,275 - ---------------------------------------------------------------------------------------------------------------------- Sunrise Senior Living, Inc. 1 7,800 379,080 - ---------------------------------------------------------------------------------------------------------------------- Triad Hospitals, Inc. 1 4,300 215,430 - ---------------------------------------------------------------------------------------------------------------------- Trizetto Group, Inc. 1 3,000 27,930 - ---------------------------------------------------------------------------------------------------------------------- United Surgical Partners International, Inc. 1 8,900 407,353 - ----------------------------------------------------------------------------------------------------------------------
19 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES CONTINUED VCA Antech, Inc. 1 4,500 $ 91,035 - ---------------------------------------------------------------------------------------------------------------------- Ventiv Health, Inc. 1 1,400 32,200 - ---------------------------------------------------------------------------------------------------------------------- WellChoice, Inc. 1 1,600 85,296 --------------- 11,684,071 - ---------------------------------------------------------------------------------------------------------------------- PHARMACEUTICALS--0.7% Able Laboratories, Inc. 1 4,800 112,608 - ---------------------------------------------------------------------------------------------------------------------- Alpharma, Inc., Cl. A 6,300 77,616 - ---------------------------------------------------------------------------------------------------------------------- American Pharmaceutical Partners, Inc. 1 1,300 67,262 - ---------------------------------------------------------------------------------------------------------------------- Andrx Corp. 1 7,400 167,758 - ---------------------------------------------------------------------------------------------------------------------- Barr Pharmaceuticals, Inc. 1 5,800 283,214 - ---------------------------------------------------------------------------------------------------------------------- Caraco Pharmaceutical Laboratories Ltd. 1 2,800 22,904 - ---------------------------------------------------------------------------------------------------------------------- CNS, Inc. 4,000 71,200 - ---------------------------------------------------------------------------------------------------------------------- Connetics Corp. 1 2,700 68,283 - ---------------------------------------------------------------------------------------------------------------------- DOV Pharmaceutical, Inc. 1 5,300 72,504 - ---------------------------------------------------------------------------------------------------------------------- Encysive Pharmaceuticals, Inc. 1 8,400 85,848 - ---------------------------------------------------------------------------------------------------------------------- Endo Pharmaceuticals Holdings, Inc. 1 5,900 133,045 - ---------------------------------------------------------------------------------------------------------------------- First Horizon Pharmaceutical Corp. 1 14,200 239,696 - ---------------------------------------------------------------------------------------------------------------------- Medicis Pharmaceutical Corp., Cl. A 1,900 56,962 - ---------------------------------------------------------------------------------------------------------------------- Nabi Biopharmaceuticals, Inc. 1 2,300 28,704 - ---------------------------------------------------------------------------------------------------------------------- Perrigo Co. 4,600 88,090 --------------- 1,575,694 - ---------------------------------------------------------------------------------------------------------------------- INDUSTRIALS--17.5% - ---------------------------------------------------------------------------------------------------------------------- AEROSPACE & DEFENSE--1.4% Applied Signal Technology, Inc. 5,900 135,110 - ---------------------------------------------------------------------------------------------------------------------- Astronics Corp., Cl. B 1 650 4,404 - ---------------------------------------------------------------------------------------------------------------------- Aviall, Inc. 1 13,600 380,800 - ---------------------------------------------------------------------------------------------------------------------- BE Aerospace, Inc. 1 13,700 164,400 - ---------------------------------------------------------------------------------------------------------------------- DRS Technologies, Inc. 1 2,400 102,000 - ---------------------------------------------------------------------------------------------------------------------- EDO Corp. 3,300 99,165 - ---------------------------------------------------------------------------------------------------------------------- Engineered Support Systems, Inc. 150 8,028 - ---------------------------------------------------------------------------------------------------------------------- ESCO Technologies, Inc. 1 5,300 425,855 - ---------------------------------------------------------------------------------------------------------------------- Goodrich Corp. 7,500 287,175 - ---------------------------------------------------------------------------------------------------------------------- HEICO Corp., Cl. A 30 476 - ---------------------------------------------------------------------------------------------------------------------- Innovative Solutions & Support, Inc. 1 8,500 269,875 - ---------------------------------------------------------------------------------------------------------------------- Moog, Inc., Cl. A 1 5,000 226,000 - ---------------------------------------------------------------------------------------------------------------------- Orbital Sciences Corp. 1 19,700 190,696 - ---------------------------------------------------------------------------------------------------------------------- SI International, Inc. 1 4,200 116,046 - ---------------------------------------------------------------------------------------------------------------------- Teledyne Technologies, Inc. 1 9,900 309,870 - ---------------------------------------------------------------------------------------------------------------------- Triumph Group, Inc. 1 200 7,788 - ---------------------------------------------------------------------------------------------------------------------- United Defense Industries, Inc. 4,400 323,048 --------------- 3,050,736 - ---------------------------------------------------------------------------------------------------------------------- AIR FREIGHT & LOGISTICS--0.4% ABX Air, Inc. 1 23,400 169,416 - ---------------------------------------------------------------------------------------------------------------------- Dynamex, Inc. 1 4,200 76,020 - ----------------------------------------------------------------------------------------------------------------------
20 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- AIR FREIGHT & LOGISTICS CONTINUED EGL, Inc. 1 8,100 $ 184,680 - ---------------------------------------------------------------------------------------------------------------------- Forward Air Corp. 1 6,300 268,254 - ---------------------------------------------------------------------------------------------------------------------- Hub Group, Inc., Cl. A 1 2,500 156,675 - ---------------------------------------------------------------------------------------------------------------------- Park-Ohio Holdings Corp. 1 1,200 22,488 --------------- 877,533 - ---------------------------------------------------------------------------------------------------------------------- AIRLINES--0.7% Alaska Air Group, Inc. 1 13,000 382,720 - ---------------------------------------------------------------------------------------------------------------------- America West Holdings Corp., Cl. B 1 10,000 54,300 - ---------------------------------------------------------------------------------------------------------------------- AMR Corp. 1 24,500 262,150 - ---------------------------------------------------------------------------------------------------------------------- Continental Airlines, Inc., Cl. B 1 19,900 239,596 - ---------------------------------------------------------------------------------------------------------------------- ExpressJet Holdings, Inc. 1 20,500 233,905 - ---------------------------------------------------------------------------------------------------------------------- Frontier Airlines, Inc. 1 15,700 164,536 - ---------------------------------------------------------------------------------------------------------------------- Hawaiian Holdings, Inc. 1 7,800 51,012 - ---------------------------------------------------------------------------------------------------------------------- Mesa Air Group, Inc. 1 16,200 113,400 - ---------------------------------------------------------------------------------------------------------------------- Northwest Airlines Corp., Cl. A 1 1,600 10,704 - ---------------------------------------------------------------------------------------------------------------------- SkyWest, Inc. 5,500 102,245 --------------- 1,614,568 - ---------------------------------------------------------------------------------------------------------------------- BUILDING PRODUCTS--1.0% American Woodmark Corp. 1,500 54,420 - ---------------------------------------------------------------------------------------------------------------------- Apogee Enterprises, Inc. 11,100 158,508 - ---------------------------------------------------------------------------------------------------------------------- Beacon Roofing Supply, Inc. 1 1,200 26,262 - ---------------------------------------------------------------------------------------------------------------------- Crane Co. 4,500 129,555 - ---------------------------------------------------------------------------------------------------------------------- Jacuzzi Brands, Inc. 1 6,800 66,368 - ---------------------------------------------------------------------------------------------------------------------- Lennox International, Inc. 16,100 352,912 - ---------------------------------------------------------------------------------------------------------------------- NCI Building Systems, Inc. 1 9,400 362,840 - ---------------------------------------------------------------------------------------------------------------------- Simpson Manufacturing Co., Inc. 3,000 92,700 - ---------------------------------------------------------------------------------------------------------------------- Trex Co., Inc. 1 800 35,528 - ---------------------------------------------------------------------------------------------------------------------- Universal Forest Products, Inc. 7,500 291,375 - ---------------------------------------------------------------------------------------------------------------------- USG Corp. 1 10,900 361,444 - ---------------------------------------------------------------------------------------------------------------------- Watsco, Inc. 3,700 155,770 --------------- 2,087,682 - ---------------------------------------------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES--5.3% ABM Industries, Inc. 6,600 126,918 - ---------------------------------------------------------------------------------------------------------------------- Adesa, Inc. 10,100 235,936 - ---------------------------------------------------------------------------------------------------------------------- Administaff, Inc. 1 16,700 243,820 - ---------------------------------------------------------------------------------------------------------------------- American Reprographics Co. 1 8,300 119,105 - ---------------------------------------------------------------------------------------------------------------------- Angelica Corp. 500 14,000 - ---------------------------------------------------------------------------------------------------------------------- Banta Corp. 5,200 222,560 - ---------------------------------------------------------------------------------------------------------------------- Brady Corp., Cl. A 11,100 359,085 - ---------------------------------------------------------------------------------------------------------------------- Bright Horizons Family Solutions, Inc. 1 12,200 411,628 - ---------------------------------------------------------------------------------------------------------------------- Brink's Co. (The) 10,600 366,760 - ---------------------------------------------------------------------------------------------------------------------- Century Business Services, Inc. 1 100 410 - ---------------------------------------------------------------------------------------------------------------------- Clean Harbors, Inc. 1 5,500 100,870 - ---------------------------------------------------------------------------------------------------------------------- CompX International, Inc. 500 8,490 - ---------------------------------------------------------------------------------------------------------------------- Consolidated Graphics, Inc. 1 9,500 499,700 - ----------------------------------------------------------------------------------------------------------------------
21 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES CONTINUED Copart, Inc. 1 8,600 $ 202,616 - ---------------------------------------------------------------------------------------------------------------------- Corporate Executive Board Co. 1,300 83,135 - ---------------------------------------------------------------------------------------------------------------------- CPI Corp. 900 13,590 - ---------------------------------------------------------------------------------------------------------------------- DiamondCluster International, Inc. 1 16,300 262,430 - ---------------------------------------------------------------------------------------------------------------------- Dun & Bradstreet Corp. 1 4,600 282,670 - ---------------------------------------------------------------------------------------------------------------------- Duratek, Inc. 1 5,600 111,720 - ---------------------------------------------------------------------------------------------------------------------- Electro Rent Corp. 1 1,000 13,420 - ---------------------------------------------------------------------------------------------------------------------- Ennis, Inc. 1,000 16,920 - ---------------------------------------------------------------------------------------------------------------------- Equifax, Inc. 11,100 340,659 - ---------------------------------------------------------------------------------------------------------------------- Exponent, Inc. 1 4,600 109,894 - ---------------------------------------------------------------------------------------------------------------------- G&K Services, Inc., Cl. A 5,300 213,537 - ---------------------------------------------------------------------------------------------------------------------- General Binding Corp. 1 1,500 31,500 - ---------------------------------------------------------------------------------------------------------------------- Geo Group, Inc. (The) 1 3,600 102,888 - ---------------------------------------------------------------------------------------------------------------------- Harland (John H.) Co. 9,200 316,112 - ---------------------------------------------------------------------------------------------------------------------- Healthcare Services Group, Inc. 9,550 231,588 - ---------------------------------------------------------------------------------------------------------------------- Heidrick & Struggles International, Inc. 1 14,800 544,196 - ---------------------------------------------------------------------------------------------------------------------- HNI Corp. 2,900 130,355 - ---------------------------------------------------------------------------------------------------------------------- Hudson Highland Group, Inc. 1 8,700 148,683 - ---------------------------------------------------------------------------------------------------------------------- Ikon Office Solutions, Inc. 14,400 142,416 - ---------------------------------------------------------------------------------------------------------------------- Imagistics International, Inc. 1 3,500 122,255 - ---------------------------------------------------------------------------------------------------------------------- Integrated Alarm Services Group, Inc. 1 9,600 48,000 - ---------------------------------------------------------------------------------------------------------------------- ITT Educational Services, Inc. 1 3,000 145,500 - ---------------------------------------------------------------------------------------------------------------------- Jackson Hewitt Tax Service, Inc. 7,400 154,808 - ---------------------------------------------------------------------------------------------------------------------- Kelly Services, Inc., Cl. A 1,100 31,669 - ---------------------------------------------------------------------------------------------------------------------- Kforce, Inc. 1 1,100 12,089 - ---------------------------------------------------------------------------------------------------------------------- Knoll, Inc. 16,800 280,224 - ---------------------------------------------------------------------------------------------------------------------- Korn-Ferry International 1 23,400 445,302 - ---------------------------------------------------------------------------------------------------------------------- Labor Ready, Inc. 1 28,800 537,120 - ---------------------------------------------------------------------------------------------------------------------- McGrath Rentcorp 4,000 93,520 - ---------------------------------------------------------------------------------------------------------------------- Miller (Herman), Inc. 1,900 57,228 - ---------------------------------------------------------------------------------------------------------------------- Mobile Mini, Inc. 1 600 24,246 - ---------------------------------------------------------------------------------------------------------------------- Navigant Consulting, Inc. 1 2,200 59,906 - ---------------------------------------------------------------------------------------------------------------------- Portfolio Recovery Associates, Inc. 1 8,000 272,240 - ---------------------------------------------------------------------------------------------------------------------- Pre-Paid Legal Services, Inc. 2,800 94,752 - ---------------------------------------------------------------------------------------------------------------------- Republic Services, Inc. 7,400 247,752 - ---------------------------------------------------------------------------------------------------------------------- Resources Connection, Inc. 1 10,000 209,300 - ---------------------------------------------------------------------------------------------------------------------- Robert Half International, Inc. 3,900 105,144 - ---------------------------------------------------------------------------------------------------------------------- Rollins, Inc. 12,300 228,780 - ---------------------------------------------------------------------------------------------------------------------- Rush Enterprises, Inc., Cl. A 1 3,600 56,448 - ---------------------------------------------------------------------------------------------------------------------- Schawk, Inc. 500 9,125 - ---------------------------------------------------------------------------------------------------------------------- School Specialty, Inc. 1 1,000 39,160 - ---------------------------------------------------------------------------------------------------------------------- ServiceMaster Co. (The) 8,600 116,100 - ---------------------------------------------------------------------------------------------------------------------- SITEL Corp. 1 9,300 18,228 - ---------------------------------------------------------------------------------------------------------------------- Sotheby's Holdings, Inc., Cl. A 1 18,900 320,544 - ---------------------------------------------------------------------------------------------------------------------- Spherion Corp. 1 12,400 92,876 - ---------------------------------------------------------------------------------------------------------------------- Steelcase, Inc., Cl. A 9,100 125,580 - ----------------------------------------------------------------------------------------------------------------------
22 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES CONTINUED TeleTech Holdings, Inc. 1 25,900 $ 334,628 - ---------------------------------------------------------------------------------------------------------------------- United Stationers, Inc. 1 6,800 307,700 - ---------------------------------------------------------------------------------------------------------------------- Universal Technical Institute, Inc. 1 2,700 99,360 - ---------------------------------------------------------------------------------------------------------------------- Vertrue, Inc. 1 100 3,544 - ---------------------------------------------------------------------------------------------------------------------- Viad Corp. 9,800 263,620 - ---------------------------------------------------------------------------------------------------------------------- Volt Information Sciences, Inc. 1 3,400 82,110 - ---------------------------------------------------------------------------------------------------------------------- Waste Connections, Inc. 1 9,000 312,750 - ---------------------------------------------------------------------------------------------------------------------- Waste Industries USA, Inc. 100 1,390 - ---------------------------------------------------------------------------------------------------------------------- Watson Wyatt & Co. Holdings 6,900 187,680 - ---------------------------------------------------------------------------------------------------------------------- West Corp. 1 4,800 153,600 --------------- 11,701,889 - ---------------------------------------------------------------------------------------------------------------------- CONSTRUCTION & ENGINEERING--0.7% Comfort Systems USA, Inc. 1 12,000 93,000 - ---------------------------------------------------------------------------------------------------------------------- EMCOR Group, Inc. 1 3,900 182,598 - ---------------------------------------------------------------------------------------------------------------------- Granite Construction, Inc. 7,900 207,533 - ---------------------------------------------------------------------------------------------------------------------- Insituform Technologies, Inc., Cl. A 1 8,800 127,688 - ---------------------------------------------------------------------------------------------------------------------- MasTec, Inc. 1 5,400 44,334 - ---------------------------------------------------------------------------------------------------------------------- Perini Corp. 1 9,600 132,384 - ---------------------------------------------------------------------------------------------------------------------- Quanta Services, Inc. 1 24,200 184,646 - ---------------------------------------------------------------------------------------------------------------------- Shaw Group, Inc. (The) 1 16,200 353,160 - ---------------------------------------------------------------------------------------------------------------------- URS Corp. 1 2,500 71,875 - ---------------------------------------------------------------------------------------------------------------------- Washington Group International, Inc. 1 900 40,491 --------------- 1,437,709 - ---------------------------------------------------------------------------------------------------------------------- ELECTRICAL EQUIPMENT--1.1% Active Power, Inc. 1 4,500 14,580 - ---------------------------------------------------------------------------------------------------------------------- Acuity Brands, Inc. 4,500 121,500 - ---------------------------------------------------------------------------------------------------------------------- American Power Conversion Corp. 6,900 180,159 - ---------------------------------------------------------------------------------------------------------------------- AMETEK, Inc. 3,400 136,850 - ---------------------------------------------------------------------------------------------------------------------- Artesyn Technologies, Inc. 1 2,900 25,259 - ---------------------------------------------------------------------------------------------------------------------- Baldor Electric Co. 7,800 201,318 - ---------------------------------------------------------------------------------------------------------------------- Energy Conversion Devices, Inc. 1 12,000 272,760 - ---------------------------------------------------------------------------------------------------------------------- Evergreen Solar, Inc. 1 12,900 91,203 - ---------------------------------------------------------------------------------------------------------------------- General Cable Corp. 1 6,000 72,420 - ---------------------------------------------------------------------------------------------------------------------- Genlyte Group, Inc. (The) 1 5,100 458,847 - ---------------------------------------------------------------------------------------------------------------------- Hubbell, Inc., Cl. B 3,000 153,300 - ---------------------------------------------------------------------------------------------------------------------- II-VI, Inc. 1 5,800 101,152 - ---------------------------------------------------------------------------------------------------------------------- Preformed Line Products Co. 500 14,995 - ---------------------------------------------------------------------------------------------------------------------- Tecumseh Products Co., Cl. A 300 11,883 - ---------------------------------------------------------------------------------------------------------------------- Thomas & Betts Corp. 1 11,600 374,680 - ---------------------------------------------------------------------------------------------------------------------- Vicor Corp. 5,200 54,288 - ---------------------------------------------------------------------------------------------------------------------- Woodward Governor Co. 2,700 193,590 --------------- 2,478,784 - ---------------------------------------------------------------------------------------------------------------------- INDUSTRIAL CONGLOMERATES--0.3% Alleghany Corp. 612 169,524 - ---------------------------------------------------------------------------------------------------------------------- Carlisle Cos., Inc. 1,800 125,586 - ----------------------------------------------------------------------------------------------------------------------
23 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- INDUSTRIAL CONGLOMERATES CONTINUED Raven Industries, Inc. 5,100 $ 104,142 - ---------------------------------------------------------------------------------------------------------------------- Tredegar Corp. 6,200 104,532 - ---------------------------------------------------------------------------------------------------------------------- United Industrial Corp. 5,200 154,024 --------------- 657,808 - ---------------------------------------------------------------------------------------------------------------------- MACHINERY--3.7% 3D Systems Corp. 1 700 13,209 - ---------------------------------------------------------------------------------------------------------------------- A.S.V., Inc. 1 500 19,823 - ---------------------------------------------------------------------------------------------------------------------- Actuant Corp., Cl. A 1 4,700 211,124 - ---------------------------------------------------------------------------------------------------------------------- Alamo Group, Inc. 700 17,318 - ---------------------------------------------------------------------------------------------------------------------- Albany International Corp., Cl. A 6,800 209,984 - ---------------------------------------------------------------------------------------------------------------------- American Science & Engineering, Inc. 1 200 8,942 - ---------------------------------------------------------------------------------------------------------------------- Ampco-Pittsburgh Corp. 1,100 14,883 - ---------------------------------------------------------------------------------------------------------------------- Astec Industries, Inc. 1 6,900 152,145 - ---------------------------------------------------------------------------------------------------------------------- Bucyrus International, Inc., Cl. A 8,700 339,822 - ---------------------------------------------------------------------------------------------------------------------- Cascade Corp. 3,900 136,500 - ---------------------------------------------------------------------------------------------------------------------- Chicago Bridge & Iron Co. NV 2,500 110,075 - ---------------------------------------------------------------------------------------------------------------------- Clarcor, Inc. 300 15,588 - ---------------------------------------------------------------------------------------------------------------------- Columbus McKinnon Corp. 1 600 8,172 - ---------------------------------------------------------------------------------------------------------------------- Cummins, Inc. 3,500 246,225 - ---------------------------------------------------------------------------------------------------------------------- Donaldson Co., Inc. 2,000 64,560 - ---------------------------------------------------------------------------------------------------------------------- EnPro Industries, Inc. 1 5,700 156,750 - ---------------------------------------------------------------------------------------------------------------------- Federal Signal Corp. 100 1,517 - ---------------------------------------------------------------------------------------------------------------------- Flanders Corp. 1 4,300 48,504 - ---------------------------------------------------------------------------------------------------------------------- Flowserve Corp. 1 15,800 408,746 - ---------------------------------------------------------------------------------------------------------------------- Gardner Denver, Inc. 1 200 7,902 - ---------------------------------------------------------------------------------------------------------------------- Graco, Inc. 5,850 236,106 - ---------------------------------------------------------------------------------------------------------------------- Greenbrier Cos., Inc. 1,800 63,162 - ---------------------------------------------------------------------------------------------------------------------- Harsco Corp. 4,400 262,284 - ---------------------------------------------------------------------------------------------------------------------- Hexcel Corp. 1 25,800 400,158 - ---------------------------------------------------------------------------------------------------------------------- Idex Corp. 1,500 60,525 - ---------------------------------------------------------------------------------------------------------------------- JLG Industries, Inc. 11,100 239,205 - ---------------------------------------------------------------------------------------------------------------------- Joy Global, Inc. 6,973 244,473 - ---------------------------------------------------------------------------------------------------------------------- Kadant, Inc. 1 1,600 29,680 - ---------------------------------------------------------------------------------------------------------------------- Kennametal, Inc. 4,400 208,956 - ---------------------------------------------------------------------------------------------------------------------- Lincoln Electric Holdings, Inc. 6,300 189,504 - ---------------------------------------------------------------------------------------------------------------------- Manitowoc Co., Inc. (The) 4,200 169,638 - ---------------------------------------------------------------------------------------------------------------------- Middleby Corp. (The) 2,500 123,500 - ---------------------------------------------------------------------------------------------------------------------- Mueller Industries, Inc. 15,200 427,880 - ---------------------------------------------------------------------------------------------------------------------- NACCO Industries, Inc., Cl. A 2,900 295,626 - ---------------------------------------------------------------------------------------------------------------------- Navistar International Corp. 1 4,500 163,800 - ---------------------------------------------------------------------------------------------------------------------- Nordson Corp. 8,600 316,652 - ---------------------------------------------------------------------------------------------------------------------- Oshkosh Truck Corp. 3,000 245,970 - ---------------------------------------------------------------------------------------------------------------------- Pall Corp. 4,400 119,328 - ---------------------------------------------------------------------------------------------------------------------- Penn Engineering & Manufacturing Corp. 2,500 45,125 - ---------------------------------------------------------------------------------------------------------------------- Robbins & Myers, Inc. 400 8,804 - ---------------------------------------------------------------------------------------------------------------------- SPX Corp. 4,200 181,776 - ---------------------------------------------------------------------------------------------------------------------- Stewart & Stevenson Services, Inc. 13,500 309,015 - ----------------------------------------------------------------------------------------------------------------------
24 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- MACHINERY CONTINUED Terex Corp. 1 8,000 $ 346,400 - ---------------------------------------------------------------------------------------------------------------------- Thomas Industries, Inc. 1,200 47,568 - ---------------------------------------------------------------------------------------------------------------------- Timken Co. 3,400 92,956 - ---------------------------------------------------------------------------------------------------------------------- Titan International, Inc. 8,900 127,893 - ---------------------------------------------------------------------------------------------------------------------- Toro Co. (The) 8,000 708,000 - ---------------------------------------------------------------------------------------------------------------------- Wabash National Corp. 1 9,900 241,560 - ---------------------------------------------------------------------------------------------------------------------- Wabtec Corp. 4,300 88,107 - ---------------------------------------------------------------------------------------------------------------------- Wolverine Tube, Inc. 1 200 1,790 --------------- 8,187,230 - ---------------------------------------------------------------------------------------------------------------------- MARINE--0.1% Alexander & Baldwin, Inc. 2,000 82,400 - ---------------------------------------------------------------------------------------------------------------------- Frozen Food Express Industries, Inc. 1 900 10,368 - ---------------------------------------------------------------------------------------------------------------------- Kirby Corp. 1 3,100 130,293 - ---------------------------------------------------------------------------------------------------------------------- Sea Containers Ltd., Cl. A 600 10,956 --------------- 234,017 - ---------------------------------------------------------------------------------------------------------------------- ROAD & RAIL--2.1% Amerco, Inc. 800 37,040 - ---------------------------------------------------------------------------------------------------------------------- Arkansas Best Corp. 12,400 468,472 - ---------------------------------------------------------------------------------------------------------------------- C.H. Robinson Worldwide, Inc. 1,700 87,601 - ---------------------------------------------------------------------------------------------------------------------- CNF Transportation, Inc. 7,400 346,246 - ---------------------------------------------------------------------------------------------------------------------- Dollar Thrifty Automotive Group, Inc. 1 3,100 101,618 - ---------------------------------------------------------------------------------------------------------------------- Florida East Coast Industries, Inc., Cl. A 2,800 118,944 - ---------------------------------------------------------------------------------------------------------------------- Genesee & Wyoming, Inc., Cl. A 1 10,950 283,715 - ---------------------------------------------------------------------------------------------------------------------- Heartland Express, Inc. 10,800 206,820 - ---------------------------------------------------------------------------------------------------------------------- Hunt (J.B.) Transport Services, Inc. 4,200 183,834 - ---------------------------------------------------------------------------------------------------------------------- Kansas City Southern 1 13,500 260,010 - ---------------------------------------------------------------------------------------------------------------------- Knight Transportation, Inc. 1,700 41,939 - ---------------------------------------------------------------------------------------------------------------------- Laidlaw International, Inc. 1 15,500 322,400 - ---------------------------------------------------------------------------------------------------------------------- Landstar System, Inc. 1 2,800 91,700 - ---------------------------------------------------------------------------------------------------------------------- Marten Transport Ltd. 1 250 5,333 - ---------------------------------------------------------------------------------------------------------------------- Mullen Transportation, Inc. 1,300 61,501 - ---------------------------------------------------------------------------------------------------------------------- Overnite Corp. 7,700 246,323 - ---------------------------------------------------------------------------------------------------------------------- Pacer International, Inc. 1 11,600 277,124 - ---------------------------------------------------------------------------------------------------------------------- Ryder Systems, Inc. 2,800 116,760 - ---------------------------------------------------------------------------------------------------------------------- SCS Transportation, Inc. 1 7,500 139,425 - ---------------------------------------------------------------------------------------------------------------------- Swift Transportation Co., Inc. 1 23,900 529,146 - ---------------------------------------------------------------------------------------------------------------------- U.S. Xpress Enterprises, Inc., Cl. A 1 8,300 135,705 - ---------------------------------------------------------------------------------------------------------------------- Universal Truckload Services, Inc. 1 5,400 113,940 - ---------------------------------------------------------------------------------------------------------------------- USF Corp. 6,100 294,386 - ---------------------------------------------------------------------------------------------------------------------- Werner Enterprises, Inc. 9,200 178,756 - ---------------------------------------------------------------------------------------------------------------------- Yellow Roadway Corp. 1 500 29,270 --------------- 4,678,008 - ---------------------------------------------------------------------------------------------------------------------- TRADING COMPANIES & DISTRIBUTORS--0.6% Applied Industrial Technologies, Inc. 16,650 452,880 - ---------------------------------------------------------------------------------------------------------------------- BlueLinx Holdings, Inc. 9,800 132,398 - ---------------------------------------------------------------------------------------------------------------------- Lawson Products, Inc. 500 23,400 - ----------------------------------------------------------------------------------------------------------------------
25 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- TRADING COMPANIES & DISTRIBUTORS CONTINUED UAP Holding Corp. 1 14,700 $ 236,670 - ---------------------------------------------------------------------------------------------------------------------- United Rentals, Inc. 1 7,100 143,491 - ---------------------------------------------------------------------------------------------------------------------- W.W. Grainger, Inc. 1,500 93,405 - ---------------------------------------------------------------------------------------------------------------------- WESCO International, Inc. 1 8,000 224,000 --------------- 1,306,244 - ---------------------------------------------------------------------------------------------------------------------- TRANSPORTATION INFRASTRUCTURE--0.1% Interpool, Inc. 1,100 24,310 - ---------------------------------------------------------------------------------------------------------------------- Macquarie Infrastructure Co. Trust 1 3,500 98,000 --------------- 122,310 - ---------------------------------------------------------------------------------------------------------------------- INFORMATION TECHNOLOGY--14.9% - ---------------------------------------------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT--1.4% 3Com Corp. 1 5,600 19,936 - ---------------------------------------------------------------------------------------------------------------------- ADTRAN, Inc. 5,600 98,784 - ---------------------------------------------------------------------------------------------------------------------- Audiovox Corp., Cl. A 1 300 3,822 - ---------------------------------------------------------------------------------------------------------------------- Black Box Corp. 4,700 175,827 - ---------------------------------------------------------------------------------------------------------------------- Brocade Communications Systems, Inc. 1 11,700 69,264 - ---------------------------------------------------------------------------------------------------------------------- Brooktrout, Inc. 1 3,500 39,375 - ---------------------------------------------------------------------------------------------------------------------- CommScope, Inc. 1 2,200 32,912 - ---------------------------------------------------------------------------------------------------------------------- Comtech Telecommunications Corp. 1 3,800 197,980 - ---------------------------------------------------------------------------------------------------------------------- Comverse Technology, Inc. 1 7,500 189,150 - ---------------------------------------------------------------------------------------------------------------------- Digi International, Inc. 1 18,500 253,820 - ---------------------------------------------------------------------------------------------------------------------- Ditech Communications Corp. 1 1,200 14,964 - ---------------------------------------------------------------------------------------------------------------------- Echelon Corp. 1 600 4,104 - ---------------------------------------------------------------------------------------------------------------------- Endwave Corp. 1 2,200 52,272 - ---------------------------------------------------------------------------------------------------------------------- Extreme Networks, Inc. 1 24,300 143,127 - ---------------------------------------------------------------------------------------------------------------------- F5 Networks, Inc. 1 1,800 90,882 - ---------------------------------------------------------------------------------------------------------------------- Finisar Corp. 1 33,500 41,875 - ---------------------------------------------------------------------------------------------------------------------- Harmonic, Inc. 1 6,100 58,316 - ---------------------------------------------------------------------------------------------------------------------- Harris Corp. 7,000 228,550 - ---------------------------------------------------------------------------------------------------------------------- Inter-Tel, Inc. 3,300 80,850 - ---------------------------------------------------------------------------------------------------------------------- Mobility Electronics, Inc. 1 2,700 18,873 - ---------------------------------------------------------------------------------------------------------------------- MRV Communications, Inc. 1 1,600 5,168 - ---------------------------------------------------------------------------------------------------------------------- Netgear, Inc. 1 7,200 108,648 - ---------------------------------------------------------------------------------------------------------------------- NMS Communications Corp. 1 14,300 61,347 - ---------------------------------------------------------------------------------------------------------------------- Optical Communication Products, Inc. 1 400 696 - ---------------------------------------------------------------------------------------------------------------------- Packeteer, Inc. 1 10,000 153,900 - ---------------------------------------------------------------------------------------------------------------------- Paradyne Networks, Inc. 1 8,200 17,138 - ---------------------------------------------------------------------------------------------------------------------- Performance Technologies, Inc. 1 9,500 63,270 - ---------------------------------------------------------------------------------------------------------------------- QLogic Corp. 1 2,700 109,350 - ---------------------------------------------------------------------------------------------------------------------- REMEC, Inc. 1 8,900 46,992 - ---------------------------------------------------------------------------------------------------------------------- SeaChange International, Inc. 1 7,800 101,010 - ---------------------------------------------------------------------------------------------------------------------- SpectraLink Corp. 11,400 160,968 - ---------------------------------------------------------------------------------------------------------------------- Superior Essex, Inc. 1 2,100 37,128 - ----------------------------------------------------------------------------------------------------------------------
26 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT CONTINUED Sycamore Networks, Inc. 1 16,300 $ 58,028 - ---------------------------------------------------------------------------------------------------------------------- Symmetricom, Inc. 1 33,300 369,297 --------------- 3,107,623 - ---------------------------------------------------------------------------------------------------------------------- COMPUTERS & PERIPHERALS--1.2% ActivCard Corp. 1 2,600 16,510 - ---------------------------------------------------------------------------------------------------------------------- Electronics for Imaging, Inc. 1 12,500 223,000 - ---------------------------------------------------------------------------------------------------------------------- Hutchinson Technology, Inc. 1 7,800 271,284 - ---------------------------------------------------------------------------------------------------------------------- Imation Corp. 700 24,325 - ---------------------------------------------------------------------------------------------------------------------- InFocus Corp. 1 17,700 101,598 - ---------------------------------------------------------------------------------------------------------------------- Intergraph Corp. 1 8,100 233,361 - ---------------------------------------------------------------------------------------------------------------------- M-Systems Flash Disk Pioneers Ltd. 1 8,200 180,728 - ---------------------------------------------------------------------------------------------------------------------- Maxtor Corp. 1 29,900 159,068 - ---------------------------------------------------------------------------------------------------------------------- NCR Corp. 1 5,600 188,944 - ---------------------------------------------------------------------------------------------------------------------- Overland Storage, Inc. 1 1,600 23,488 - ---------------------------------------------------------------------------------------------------------------------- PalmOne, Inc. 1 5,600 142,128 - ---------------------------------------------------------------------------------------------------------------------- Pinnacle Systems, Inc. 1 11,900 66,521 - ---------------------------------------------------------------------------------------------------------------------- Quantum Corp. 1 36,100 105,051 - ---------------------------------------------------------------------------------------------------------------------- Rimage Corp. 1 500 9,925 - ---------------------------------------------------------------------------------------------------------------------- SBS Technologies, Inc. 1 2,600 28,990 - ---------------------------------------------------------------------------------------------------------------------- SimpleTech, Inc. 1 9,900 39,006 - ---------------------------------------------------------------------------------------------------------------------- Storage Technology Corp. 1 10,600 326,480 - ---------------------------------------------------------------------------------------------------------------------- Stratasys, Inc. 1 1,400 39,662 - ---------------------------------------------------------------------------------------------------------------------- Western Digital Corp. 1 36,000 459,000 --------------- 2,639,069 - ---------------------------------------------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS--2.4% Agilysys, Inc. 15,000 294,900 - ---------------------------------------------------------------------------------------------------------------------- Amphenol Corp., Cl. A 1 7,600 281,504 - ---------------------------------------------------------------------------------------------------------------------- Anixter International, Inc. 1 6,300 227,745 - ---------------------------------------------------------------------------------------------------------------------- AVX Corp. 5,400 66,150 - ---------------------------------------------------------------------------------------------------------------------- BEI Technologies, Inc. 4,100 98,277 - ---------------------------------------------------------------------------------------------------------------------- Belden CDT, Inc. 13,900 308,719 - ---------------------------------------------------------------------------------------------------------------------- Brightpoint, Inc. 1 16,000 299,680 - ---------------------------------------------------------------------------------------------------------------------- Cognex Corp. 6,800 169,184 - ---------------------------------------------------------------------------------------------------------------------- Coherent, Inc. 1 6,900 232,944 - ---------------------------------------------------------------------------------------------------------------------- CyberOptics Corp. 1 1,400 17,472 - ---------------------------------------------------------------------------------------------------------------------- Dionex Corp. 1 6,300 343,350 - ---------------------------------------------------------------------------------------------------------------------- Electro Scientific Industries, Inc. 1 7,500 145,425 - ---------------------------------------------------------------------------------------------------------------------- GTSI Corp. 1 400 3,880 - ---------------------------------------------------------------------------------------------------------------------- Hypercom Corp. 1 7,600 35,948 - ---------------------------------------------------------------------------------------------------------------------- Identix, Inc. 1 24,500 123,725 - ---------------------------------------------------------------------------------------------------------------------- Ingram Micro, Inc., Cl. A 1 10,800 180,036 - ---------------------------------------------------------------------------------------------------------------------- Keithley Instruments, Inc. 8,400 135,492 - ---------------------------------------------------------------------------------------------------------------------- Kemet Corp. 1 7,200 55,800 - ---------------------------------------------------------------------------------------------------------------------- Landauer, Inc. 100 4,754 - ----------------------------------------------------------------------------------------------------------------------
27 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS CONTINUED LeCroy Corp. 1 500 $ 8,565 - ---------------------------------------------------------------------------------------------------------------------- Littlefuse, Inc. 1 100 2,865 - ---------------------------------------------------------------------------------------------------------------------- LoJack Corp. 1 6,300 86,751 - ---------------------------------------------------------------------------------------------------------------------- Maxwell Technologies, Inc. 1 400 3,668 - ---------------------------------------------------------------------------------------------------------------------- Measurement Specialties, Inc. 1 800 18,400 - ---------------------------------------------------------------------------------------------------------------------- Mettler-Toledo International, Inc. 1 3,800 180,500 - ---------------------------------------------------------------------------------------------------------------------- MTS Systems Corp. 8,900 258,367 - ---------------------------------------------------------------------------------------------------------------------- Park Electrochemical Corp. 6,600 133,716 - ---------------------------------------------------------------------------------------------------------------------- Paxar Corp. 1 23,400 499,356 - ---------------------------------------------------------------------------------------------------------------------- PC Connection, Inc. 1 5,200 30,524 - ---------------------------------------------------------------------------------------------------------------------- ScanSource, Inc. 1 200 10,366 - ---------------------------------------------------------------------------------------------------------------------- Tech Data Corp. 1 5,000 185,300 - ---------------------------------------------------------------------------------------------------------------------- Trimble Navigation Ltd. 1 11,650 393,887 - ---------------------------------------------------------------------------------------------------------------------- TTM Technologies, Inc. 1 5,500 57,530 - ---------------------------------------------------------------------------------------------------------------------- UNOVA, Inc. 1 11,600 239,540 - ---------------------------------------------------------------------------------------------------------------------- Viisage Technology, Inc. 1 2,800 9,436 - ---------------------------------------------------------------------------------------------------------------------- Zygo Corp. 1 5,400 69,984 --------------- 5,213,740 - ---------------------------------------------------------------------------------------------------------------------- INTERNET SOFTWARE & SERVICES--1.7% AsiaInfo Holdings, Inc. 1 12,900 64,758 - ---------------------------------------------------------------------------------------------------------------------- Corillian Corp. 1 15,000 52,200 - ---------------------------------------------------------------------------------------------------------------------- Covansys Corp. 1 5,400 80,541 - ---------------------------------------------------------------------------------------------------------------------- CyberSource Corp. 1 17,200 88,580 - ---------------------------------------------------------------------------------------------------------------------- DoubleClick, Inc. 1 4,200 32,340 - ---------------------------------------------------------------------------------------------------------------------- EarthLink, Inc. 1 49,900 449,100 - ---------------------------------------------------------------------------------------------------------------------- Hurray! Holding Co. Ltd., ADR 1 1,900 16,055 - ---------------------------------------------------------------------------------------------------------------------- InfoSpace, Inc. 1 700 28,581 - ---------------------------------------------------------------------------------------------------------------------- Internet Security Systems, Inc. 1 22,800 417,240 - ---------------------------------------------------------------------------------------------------------------------- Interwoven, Inc. 1 15,900 123,861 - ---------------------------------------------------------------------------------------------------------------------- j2 Global Communications, Inc. 1 4,900 168,119 - ---------------------------------------------------------------------------------------------------------------------- Keynote Systems, Inc. 1 1,100 13,057 - ---------------------------------------------------------------------------------------------------------------------- MatrixOne, Inc. 1 1,100 5,247 - ---------------------------------------------------------------------------------------------------------------------- MicroStrategy, Inc., Cl. A 1 4,800 260,496 - ---------------------------------------------------------------------------------------------------------------------- NetRatings, Inc. 1 800 12,200 - ---------------------------------------------------------------------------------------------------------------------- Online Resources & Communications Corp. 1 6,600 58,146 - ---------------------------------------------------------------------------------------------------------------------- OpenTV Corp. 1 3,400 9,656 - ---------------------------------------------------------------------------------------------------------------------- Retek, Inc. 1 23,800 267,036 - ---------------------------------------------------------------------------------------------------------------------- S1 Corp. 1 14,100 97,854 - ---------------------------------------------------------------------------------------------------------------------- SeeBeyond Technology Corp. 1 16,200 51,192 - ---------------------------------------------------------------------------------------------------------------------- Selectica, Inc. 1 2,000 6,440 - ---------------------------------------------------------------------------------------------------------------------- SonicWALL, Inc. 1 35,700 181,713 - ---------------------------------------------------------------------------------------------------------------------- United Online, Inc. 1 34,000 355,980 - ---------------------------------------------------------------------------------------------------------------------- ValueClick, Inc. 1 28,900 306,629 - ----------------------------------------------------------------------------------------------------------------------
28 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- INTERNET SOFTWARE & SERVICES CONTINUED Websense, Inc. 1 9,400 $ 505,720 --------------- 3,652,741 - ---------------------------------------------------------------------------------------------------------------------- IT SERVICES--1.3% Acxiom Corp. 7,800 163,254 - ---------------------------------------------------------------------------------------------------------------------- American Software, Inc. 2,200 14,278 - ---------------------------------------------------------------------------------------------------------------------- Answerthink, Inc. 1 8,900 36,757 - ---------------------------------------------------------------------------------------------------------------------- BISYS Group, Inc. (The) 1 7,000 109,760 - ---------------------------------------------------------------------------------------------------------------------- Carreker Corp. 1 1,300 7,293 - ---------------------------------------------------------------------------------------------------------------------- CheckFree Corp. 1 5,400 220,104 - ---------------------------------------------------------------------------------------------------------------------- Convergys Corp. 1 7,500 111,975 - ---------------------------------------------------------------------------------------------------------------------- CSG Systems International, Inc. 1 20,200 329,058 - ---------------------------------------------------------------------------------------------------------------------- eFunds Corp. 1 19,400 433,008 - ---------------------------------------------------------------------------------------------------------------------- Euronet Worldwide, Inc. 1 4,400 125,620 - ---------------------------------------------------------------------------------------------------------------------- Forrester Research, Inc. 1 400 5,632 - ---------------------------------------------------------------------------------------------------------------------- Global Payments, Inc. 2,000 128,980 - ---------------------------------------------------------------------------------------------------------------------- Information Resources, Inc. 1 3,500 2,800 - ---------------------------------------------------------------------------------------------------------------------- infoUSA, Inc. 19,900 209,149 - ---------------------------------------------------------------------------------------------------------------------- Integral Systems, Inc. 100 2,296 - ---------------------------------------------------------------------------------------------------------------------- iPayment Holdings, Inc. 1 2,400 101,280 - ---------------------------------------------------------------------------------------------------------------------- Keane, Inc. 1 4,900 63,847 - ---------------------------------------------------------------------------------------------------------------------- Lawson Software, Inc. 1 11,500 67,850 - ---------------------------------------------------------------------------------------------------------------------- ManTech International Corp. 1 1,600 36,912 - ---------------------------------------------------------------------------------------------------------------------- Maximus, Inc. 900 30,141 - ---------------------------------------------------------------------------------------------------------------------- MPS Group, Inc. 1 8,600 90,386 - ---------------------------------------------------------------------------------------------------------------------- NetScout Systems, Inc. 1 500 2,225 - ---------------------------------------------------------------------------------------------------------------------- Pegasus Solutions, Inc. 1 3,600 42,552 - ---------------------------------------------------------------------------------------------------------------------- Sabre Holdings Corp. 3,800 83,144 - ---------------------------------------------------------------------------------------------------------------------- Sapient Corp. 1 16,300 119,724 - ---------------------------------------------------------------------------------------------------------------------- SRA International, Inc., Cl. A 1 900 54,225 - ---------------------------------------------------------------------------------------------------------------------- SS&C Technologies, Inc. 7,300 166,440 - ---------------------------------------------------------------------------------------------------------------------- Startek, Inc. 2,000 33,600 - ---------------------------------------------------------------------------------------------------------------------- Vasco Data Security International, Inc. 1 7,500 47,175 --------------- 2,839,465 - ---------------------------------------------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT--2.9% Actel Corp. 1 4,100 63,058 - ---------------------------------------------------------------------------------------------------------------------- ADE Corp. 1 5,400 119,880 - ---------------------------------------------------------------------------------------------------------------------- Advanced Energy Industries, Inc. 1 9,000 87,030 - ---------------------------------------------------------------------------------------------------------------------- Atmel Corp. 1 64,800 191,160 - ---------------------------------------------------------------------------------------------------------------------- ATMI, Inc. 1 17,400 435,696 - ---------------------------------------------------------------------------------------------------------------------- Axcelis Technologies, Inc. 1 23,000 167,900 - ---------------------------------------------------------------------------------------------------------------------- Cabot Microelectronics Corp. 1 3,900 122,382 - ---------------------------------------------------------------------------------------------------------------------- Cascade Microtech, Inc. 1 4,000 38,400 - ---------------------------------------------------------------------------------------------------------------------- Cohu, Inc. 5,300 84,535 - ---------------------------------------------------------------------------------------------------------------------- Cymer, Inc. 1 2,400 64,248 - ----------------------------------------------------------------------------------------------------------------------
29 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT CONTINUED Cypress Semiconductor Corp. 1 10,600 $ 133,560 - ---------------------------------------------------------------------------------------------------------------------- Diodes, Inc. 1 3,950 107,164 - ---------------------------------------------------------------------------------------------------------------------- DSP Group, Inc. 1 10,900 280,784 - ---------------------------------------------------------------------------------------------------------------------- Entegris, Inc. 1 1,500 14,835 - ---------------------------------------------------------------------------------------------------------------------- Fairchild Semiconductor International, Inc., Cl. A 1 8,900 136,437 - ---------------------------------------------------------------------------------------------------------------------- FEI Co. 1 700 16,205 - ---------------------------------------------------------------------------------------------------------------------- Freescale Semiconductor, Inc., Cl. A 1 6,900 116,955 - ---------------------------------------------------------------------------------------------------------------------- Helix Technology Corp. 11,500 177,905 - ---------------------------------------------------------------------------------------------------------------------- Integrated Device Technology, Inc. 1 47,500 571,425 - ---------------------------------------------------------------------------------------------------------------------- Intersil Corp., Cl. A 4,700 81,404 - ---------------------------------------------------------------------------------------------------------------------- IXYS Corp. 1 900 10,296 - ---------------------------------------------------------------------------------------------------------------------- Kulicke & Soffa Industries, Inc. 1 9,700 61,013 - ---------------------------------------------------------------------------------------------------------------------- Lam Research Corp. 1 7,100 204,906 - ---------------------------------------------------------------------------------------------------------------------- Lattice Semiconductor Corp. 1 17,100 91,827 - ---------------------------------------------------------------------------------------------------------------------- LSI Logic Corp. 1 46,800 261,612 - ---------------------------------------------------------------------------------------------------------------------- MEMC Electronic Materials, Inc. 1 3,400 45,730 - ---------------------------------------------------------------------------------------------------------------------- Micrel, Inc. 1 35,800 330,076 - ---------------------------------------------------------------------------------------------------------------------- Microsemi Corp. 1 12,700 206,883 - ---------------------------------------------------------------------------------------------------------------------- Microtune, Inc. 1 28,200 121,542 - ---------------------------------------------------------------------------------------------------------------------- MIPS Technologies, Inc., Cl. A 1 22,600 259,900 - ---------------------------------------------------------------------------------------------------------------------- Mykrolis Corp. 1 11,700 167,310 - ---------------------------------------------------------------------------------------------------------------------- Nanometrics, Inc. 1 4,200 49,434 - ---------------------------------------------------------------------------------------------------------------------- NVIDIA Corp. 1 4,400 104,544 - ---------------------------------------------------------------------------------------------------------------------- OmniVision Technologies, Inc. 1 6,800 103,020 - ---------------------------------------------------------------------------------------------------------------------- PDF Solutions, Inc. 1 6,900 96,600 - ---------------------------------------------------------------------------------------------------------------------- Photronics, Inc. 1 14,000 253,400 - ---------------------------------------------------------------------------------------------------------------------- Rudolph Technologies, Inc. 1 5,400 81,324 - ---------------------------------------------------------------------------------------------------------------------- Sigmatel, Inc. 1 5,000 187,150 - ---------------------------------------------------------------------------------------------------------------------- Silicon Storage Technology, Inc. 1 24,900 92,628 - ---------------------------------------------------------------------------------------------------------------------- Siliconix, Inc. 1 200 7,056 - ---------------------------------------------------------------------------------------------------------------------- Supertex, Inc. 1 300 5,493 - ---------------------------------------------------------------------------------------------------------------------- Tessera Technologies, Inc. 1 7,800 337,194 - ---------------------------------------------------------------------------------------------------------------------- Trident Microsystems, Inc. 1 1,900 33,592 - ---------------------------------------------------------------------------------------------------------------------- Ultra Clean Holdings, Inc. 1 2,400 14,640 - ---------------------------------------------------------------------------------------------------------------------- Varian Semiconductor Equipment Associates, Inc. 1 6,700 254,667 - ---------------------------------------------------------------------------------------------------------------------- Virage Logic Corp. 1 8,500 93,160 --------------- 6,485,960 - ---------------------------------------------------------------------------------------------------------------------- SOFTWARE--4.0% Activision, Inc. 1 14,333 212,133 - ---------------------------------------------------------------------------------------------------------------------- Agile Software Corp. 1 2,200 16,016 - ---------------------------------------------------------------------------------------------------------------------- Ansoft Corp. 1 4,600 124,108 - ---------------------------------------------------------------------------------------------------------------------- Ansys, Inc. 1 15,900 543,939 - ---------------------------------------------------------------------------------------------------------------------- Ascential Software Corp. 1 7,200 133,416 - ----------------------------------------------------------------------------------------------------------------------
30 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- SOFTWARE CONTINUED Aspect Communications Corp. 1 17,000 $ 176,970 - ---------------------------------------------------------------------------------------------------------------------- Aspen Technology, Inc. 1 4,500 25,560 - ---------------------------------------------------------------------------------------------------------------------- Atari, Inc. 1 5,700 18,012 - ---------------------------------------------------------------------------------------------------------------------- BEA Systems, Inc. 1 10,100 80,497 - ---------------------------------------------------------------------------------------------------------------------- Blackbaud, Inc. 900 11,340 - ---------------------------------------------------------------------------------------------------------------------- BMC Software, Inc. 1 3,700 55,500 - ---------------------------------------------------------------------------------------------------------------------- Borland Software Corp. 1 30,600 248,472 - ---------------------------------------------------------------------------------------------------------------------- Cadence Design Systems, Inc. 1 9,400 140,530 - ---------------------------------------------------------------------------------------------------------------------- Catapult Communications Corp. 1 9,000 192,150 - ---------------------------------------------------------------------------------------------------------------------- CCC Information Services Group, Inc. 1 2,200 50,270 - ---------------------------------------------------------------------------------------------------------------------- Cognos, Inc. 1 2,700 113,238 - ---------------------------------------------------------------------------------------------------------------------- Compuware Corp. 1 27,300 196,560 - ---------------------------------------------------------------------------------------------------------------------- Entrust Technologies, Inc. 1 17,900 67,125 - ---------------------------------------------------------------------------------------------------------------------- ePlus, inc. 1 1,400 16,338 - ---------------------------------------------------------------------------------------------------------------------- FactSet Research Systems, Inc. 50 1,651 - ---------------------------------------------------------------------------------------------------------------------- Fair Isaac Corp. 1,900 65,436 - ---------------------------------------------------------------------------------------------------------------------- FileNet Corp. 1 5,300 120,734 - ---------------------------------------------------------------------------------------------------------------------- Hyperion Solutions Corp. 1 5,600 247,016 - ---------------------------------------------------------------------------------------------------------------------- Informatica Corp. 1 11,600 95,932 - ---------------------------------------------------------------------------------------------------------------------- InterVoice-Brite, Inc. 1 6,400 71,872 - ---------------------------------------------------------------------------------------------------------------------- Kronos, Inc. 1 5,250 268,328 - ---------------------------------------------------------------------------------------------------------------------- Macromedia, Inc. 1 3,200 107,200 - ---------------------------------------------------------------------------------------------------------------------- Macrovision Corp. 1 6,600 150,414 - ---------------------------------------------------------------------------------------------------------------------- Manugistics Group, Inc. 1 8,600 14,448 - ---------------------------------------------------------------------------------------------------------------------- McAfee, Inc. 1 5,900 133,104 - ---------------------------------------------------------------------------------------------------------------------- Micromuse, Inc. 1 3,000 13,590 - ---------------------------------------------------------------------------------------------------------------------- MICROS Systems, Inc. 1 12,000 440,520 - ---------------------------------------------------------------------------------------------------------------------- Mobius Management Systems, Inc. 1 900 5,895 - ---------------------------------------------------------------------------------------------------------------------- Moldflow Corp. 1 800 12,792 - ---------------------------------------------------------------------------------------------------------------------- MRO Software, Inc. 1 5,600 78,568 - ---------------------------------------------------------------------------------------------------------------------- MSC.Software Corp. 1 2,700 30,051 - ---------------------------------------------------------------------------------------------------------------------- NetIQ Corp. 1 6,100 69,723 - ---------------------------------------------------------------------------------------------------------------------- Parametric Technology Corp. 1 111,700 624,403 - ---------------------------------------------------------------------------------------------------------------------- Pervasive Software, Inc. 1 200 920 - ---------------------------------------------------------------------------------------------------------------------- Phoenix Technologies Ltd. 1 700 6,664 - ---------------------------------------------------------------------------------------------------------------------- Progress Software Corp. 1 500 13,110 - ---------------------------------------------------------------------------------------------------------------------- Quality Systems, Inc. 4,600 194,764 - ---------------------------------------------------------------------------------------------------------------------- Quest Software, Inc. 1 4,500 62,280 - ---------------------------------------------------------------------------------------------------------------------- Reynolds & Reynolds Co., Cl. A 5,300 143,418 - ---------------------------------------------------------------------------------------------------------------------- RSA Security, Inc. 1 11,800 187,030 - ---------------------------------------------------------------------------------------------------------------------- Siebel Systems, Inc. 1 7,400 67,562 - ---------------------------------------------------------------------------------------------------------------------- Smith Micro Software, Inc. 1 6,100 29,829 - ---------------------------------------------------------------------------------------------------------------------- SoftBrands, Inc. 1 1,900 3,420 - ----------------------------------------------------------------------------------------------------------------------
31 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- SOFTWARE CONTINUED Sybase, Inc. 1 22,300 $ 411,658 - ---------------------------------------------------------------------------------------------------------------------- Synopsys, Inc. 1 13,700 247,970 - ---------------------------------------------------------------------------------------------------------------------- Synplicity, Inc. 1 100 561 - ---------------------------------------------------------------------------------------------------------------------- Take-Two Interactive Software, Inc. 1 13,500 527,850 - ---------------------------------------------------------------------------------------------------------------------- THQ, Inc. 1 12,000 337,680 - ---------------------------------------------------------------------------------------------------------------------- TIBCO Software, Inc. 1 30,000 223,500 - ---------------------------------------------------------------------------------------------------------------------- Transaction Systems Architects, Inc., Cl. A 1 18,200 421,330 - ---------------------------------------------------------------------------------------------------------------------- Ulticom, Inc. 1 8,900 99,057 - ---------------------------------------------------------------------------------------------------------------------- Verint Systems, Inc. 1 500 17,470 - ---------------------------------------------------------------------------------------------------------------------- Verity, Inc. 1 7,400 69,930 - ---------------------------------------------------------------------------------------------------------------------- Wind River Systems, Inc. 1 28,200 425,256 - ---------------------------------------------------------------------------------------------------------------------- Witness Systems, Inc. 1 17,400 305,370 --------------- 8,770,480 - ---------------------------------------------------------------------------------------------------------------------- MATERIALS--7.9% - ---------------------------------------------------------------------------------------------------------------------- CHEMICALS--2.5% Agrium, Inc. 13,000 237,250 - ---------------------------------------------------------------------------------------------------------------------- Albemarle Corp. 1,000 36,360 - ---------------------------------------------------------------------------------------------------------------------- American Vanguard Corp. 100 4,487 - ---------------------------------------------------------------------------------------------------------------------- Arch Chemicals, Inc. 4,000 113,880 - ---------------------------------------------------------------------------------------------------------------------- Cabot Corp. 9,600 320,928 - ---------------------------------------------------------------------------------------------------------------------- Compass Minerals International, Inc. 12,400 315,580 - ---------------------------------------------------------------------------------------------------------------------- Crompton Corp. 32,700 477,420 - ---------------------------------------------------------------------------------------------------------------------- Cytec Industries, Inc. 2,500 135,625 - ---------------------------------------------------------------------------------------------------------------------- Eastman Chemical Co. 6,100 359,900 - ---------------------------------------------------------------------------------------------------------------------- Engelhard Corp. 4,400 132,132 - ---------------------------------------------------------------------------------------------------------------------- FMC Corp. 1 10,300 550,535 - ---------------------------------------------------------------------------------------------------------------------- Fuller (H.B.) Co. 2,500 72,500 - ---------------------------------------------------------------------------------------------------------------------- Georgia Gulf Corp. 9,500 436,810 - ---------------------------------------------------------------------------------------------------------------------- Great Lakes Chemical Corp. 5,300 170,236 - ---------------------------------------------------------------------------------------------------------------------- Hercules, Inc. 1 3,500 50,715 - ---------------------------------------------------------------------------------------------------------------------- International Flavors & Fragrances, Inc. 2,000 79,000 - ---------------------------------------------------------------------------------------------------------------------- Kronos Worldwide, Inc. 2 85 - ---------------------------------------------------------------------------------------------------------------------- MacDermid, Inc. 11,400 370,500 - ---------------------------------------------------------------------------------------------------------------------- Material Sciences Corp. 1 200 2,690 - ---------------------------------------------------------------------------------------------------------------------- Minerals Technologies, Inc. 800 52,624 - ---------------------------------------------------------------------------------------------------------------------- Mosaic Co. (The) 1 4,900 83,594 - ---------------------------------------------------------------------------------------------------------------------- NL Industries, Inc. 900 20,790 - ---------------------------------------------------------------------------------------------------------------------- NOVA Chemicals Corp. 4,100 176,095 - ---------------------------------------------------------------------------------------------------------------------- OM Group, Inc. 1 6,300 191,646 - ---------------------------------------------------------------------------------------------------------------------- Omnova Solutions, Inc. 1 2,800 15,036 - ---------------------------------------------------------------------------------------------------------------------- PolyOne Corp. 1 27,800 246,864 - ---------------------------------------------------------------------------------------------------------------------- RPM International, Inc. 3,000 54,840 - ---------------------------------------------------------------------------------------------------------------------- Scotts Miracle-Gro Co. (The), Cl. A 1 1,100 77,253 - ---------------------------------------------------------------------------------------------------------------------- Sensient Technologies Corp. 1,500 32,340 - ---------------------------------------------------------------------------------------------------------------------- Sigma-Aldrich Corp. 1,400 85,750 - ---------------------------------------------------------------------------------------------------------------------- Stepan Co. 1,400 32,914 - ----------------------------------------------------------------------------------------------------------------------
32 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- CHEMICALS CONTINUED Terra Industries, Inc. 1 18,600 $ 144,336 - ---------------------------------------------------------------------------------------------------------------------- Valspar Corp. (The) 600 27,924 - ---------------------------------------------------------------------------------------------------------------------- W.R. Grace & Co. 1 20,300 172,956 - ---------------------------------------------------------------------------------------------------------------------- Wellman, Inc. 8,800 127,248 - ---------------------------------------------------------------------------------------------------------------------- Westlake Chemical Corp. 900 29,115 --------------- 5,437,958 - ---------------------------------------------------------------------------------------------------------------------- CONSTRUCTION MATERIALS--0.6% AMCOL International Corp. 2,400 45,024 - ---------------------------------------------------------------------------------------------------------------------- Eagle Materials, Inc. 5,300 428,982 - ---------------------------------------------------------------------------------------------------------------------- Eagle Materials, Inc., Cl. B 100 7,880 - ---------------------------------------------------------------------------------------------------------------------- Florida Rock Industries, Inc. 700 41,174 - ---------------------------------------------------------------------------------------------------------------------- Lafarge North America, Inc. 3,400 198,730 - ---------------------------------------------------------------------------------------------------------------------- Martin Marietta Materials, Inc. 5,400 301,968 - ---------------------------------------------------------------------------------------------------------------------- Texas Industries, Inc. 5,900 317,125 - ---------------------------------------------------------------------------------------------------------------------- Vulcan Materials Co. 1,500 85,245 --------------- 1,426,128 - ---------------------------------------------------------------------------------------------------------------------- CONTAINERS & PACKAGING--1.4% AptarGroup, Inc. 2,200 114,356 - ---------------------------------------------------------------------------------------------------------------------- Ball Corp. 4,400 182,512 - ---------------------------------------------------------------------------------------------------------------------- Bemis Co., Inc. 1,600 49,792 - ---------------------------------------------------------------------------------------------------------------------- Caraustar Industries, Inc. 1 9,400 121,260 - ---------------------------------------------------------------------------------------------------------------------- Crown Holdings, Inc. 1 32,700 508,812 - ---------------------------------------------------------------------------------------------------------------------- Graphic Packaging Corp. 1 8,900 39,249 - ---------------------------------------------------------------------------------------------------------------------- Greif, Inc., Cl. A 8,300 578,344 - ---------------------------------------------------------------------------------------------------------------------- Longview Fibre Co. 5,800 108,808 - ---------------------------------------------------------------------------------------------------------------------- Myers Industries, Inc. 800 11,288 - ---------------------------------------------------------------------------------------------------------------------- Owens-Illinois, Inc. 1 16,800 422,352 - ---------------------------------------------------------------------------------------------------------------------- Packaging Dynamics Corp. 500 6,995 - ---------------------------------------------------------------------------------------------------------------------- Pactiv Corp. 1 2,500 58,375 - ---------------------------------------------------------------------------------------------------------------------- Rock-Tenn Co., Cl. A 4,300 57,190 - ---------------------------------------------------------------------------------------------------------------------- Silgan Holdings, Inc. 9,100 591,318 - ---------------------------------------------------------------------------------------------------------------------- Smurfit-Stone Container Corp. 4,200 64,974 - ---------------------------------------------------------------------------------------------------------------------- Sonoco Products Co. 1,700 49,045 - ---------------------------------------------------------------------------------------------------------------------- Temple-Inland, Inc. 2,700 195,885 --------------- 3,160,555 - ---------------------------------------------------------------------------------------------------------------------- METALS & MINING--2.6% AK Steel Holding Corp. 1 25,200 278,712 - ---------------------------------------------------------------------------------------------------------------------- Aleris International, Inc. 1 7,400 184,630 - ---------------------------------------------------------------------------------------------------------------------- Alpha Natural Resources, Inc. 1 3,900 111,813 - ---------------------------------------------------------------------------------------------------------------------- Amerigo Resources Ltd. 1 64,000 116,412 - ---------------------------------------------------------------------------------------------------------------------- Brush Engineered Materials, Inc. 1 5,100 97,053 - ---------------------------------------------------------------------------------------------------------------------- Carpenter Technology Corp. 10,200 605,982 - ---------------------------------------------------------------------------------------------------------------------- Castle (A.M.) & Co. 1 4,000 50,400 - ---------------------------------------------------------------------------------------------------------------------- Cleveland-Cliffs, Inc. 700 51,009 - ---------------------------------------------------------------------------------------------------------------------- Commercial Metals Co. 5,300 179,617 - ---------------------------------------------------------------------------------------------------------------------- CONSOL Energy, Inc. 4,700 220,994 - ---------------------------------------------------------------------------------------------------------------------- Desert Sun Mining Corp. 1 11,700 19,250 - ----------------------------------------------------------------------------------------------------------------------
33 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- METALS & MINING CONTINUED Dynatec Corp. 1 73,900 $ 69,654 - ---------------------------------------------------------------------------------------------------------------------- FNX Mining Co., Inc. 1 11,600 74,808 - ---------------------------------------------------------------------------------------------------------------------- Foundation Coal Holdings, Inc. 1,900 44,669 - ---------------------------------------------------------------------------------------------------------------------- Goldcorp, Inc. 5,525 78,752 - ---------------------------------------------------------------------------------------------------------------------- Inmet Mining Corp. 1 8,800 134,237 - ---------------------------------------------------------------------------------------------------------------------- LionOre Mining International Ltd. 1 3,900 21,926 - ---------------------------------------------------------------------------------------------------------------------- Massey Energy Co. 3,600 144,144 - ---------------------------------------------------------------------------------------------------------------------- Meridian Gold, Inc. 1 900 15,180 - ---------------------------------------------------------------------------------------------------------------------- Metal Management, Inc. 17,600 451,968 - ---------------------------------------------------------------------------------------------------------------------- Olympic Steel, Inc. 1 3,400 60,792 - ---------------------------------------------------------------------------------------------------------------------- Oregon Steel Mills, Inc. 1 16,000 368,000 - ---------------------------------------------------------------------------------------------------------------------- Quanex Corp. 6,850 365,242 - ---------------------------------------------------------------------------------------------------------------------- Reliance Steel & Aluminum Co. 11,900 476,119 - ---------------------------------------------------------------------------------------------------------------------- Roanoke Electric Steel Corp. 1,100 22,748 - ---------------------------------------------------------------------------------------------------------------------- RTI International Metals, Inc. 1 5,200 121,680 - ---------------------------------------------------------------------------------------------------------------------- Ryerson Tull, Inc. 11,100 140,637 - ---------------------------------------------------------------------------------------------------------------------- Schnitzer Steel Industries, Inc. 8,400 283,332 - ---------------------------------------------------------------------------------------------------------------------- Southern Peru Copper Corp. 3,500 194,110 - ---------------------------------------------------------------------------------------------------------------------- Steel Dynamics, Inc. 4,700 161,915 - ---------------------------------------------------------------------------------------------------------------------- Steel Technologies, Inc. 1,400 33,586 - ---------------------------------------------------------------------------------------------------------------------- Titanium Metals Corp. 1 1,800 64,800 - ---------------------------------------------------------------------------------------------------------------------- United States Steel Corp. 2,300 116,955 - ---------------------------------------------------------------------------------------------------------------------- USEC, Inc. 6,800 110,704 - ---------------------------------------------------------------------------------------------------------------------- Worthington Industries, Inc. 10,500 202,440 --------------- 5,674,270 - ---------------------------------------------------------------------------------------------------------------------- PAPER & FOREST PRODUCTS--0.8% Bowater, Inc. 500 18,835 - ---------------------------------------------------------------------------------------------------------------------- Buckeye Technologies, Inc. 1 11,500 124,200 - ---------------------------------------------------------------------------------------------------------------------- Deltic Timber Corp. 400 15,640 - ---------------------------------------------------------------------------------------------------------------------- Glatfelter 16,600 244,850 - ---------------------------------------------------------------------------------------------------------------------- Louisiana-Pacific Corp. 9,000 226,260 - ---------------------------------------------------------------------------------------------------------------------- Neenah Paper, Inc. 5,900 198,358 - ---------------------------------------------------------------------------------------------------------------------- Pope & Talbot, Inc. 14,800 260,184 - ---------------------------------------------------------------------------------------------------------------------- Potlatch Corp. 10,300 484,821 - ---------------------------------------------------------------------------------------------------------------------- Wausau-Mosinee Paper Corp. 7,900 111,706 --------------- 1,684,854 - ---------------------------------------------------------------------------------------------------------------------- TELECOMMUNICATION SERVICES--1.1% - ---------------------------------------------------------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES--0.6% Alaska Communications Systems Group, Inc. 20,000 201,000 - ---------------------------------------------------------------------------------------------------------------------- Arbinet-thexchange, Inc. 1 400 7,620 - ---------------------------------------------------------------------------------------------------------------------- CenturyTel, Inc. 10,200 334,968 - ---------------------------------------------------------------------------------------------------------------------- Citizens Communications Co. 8,700 112,578 - ---------------------------------------------------------------------------------------------------------------------- Commonwealth Telephone Enterprises, Inc. 1 500 23,570 - ---------------------------------------------------------------------------------------------------------------------- Crown Castle International Corp. 1 2,600 41,756 - ---------------------------------------------------------------------------------------------------------------------- CT Communications, Inc. 3,200 33,696 - ---------------------------------------------------------------------------------------------------------------------- D&E Communications, Inc. 100 913 - ---------------------------------------------------------------------------------------------------------------------- FairPoint Communications, Inc. 1 11,700 175,149 - ----------------------------------------------------------------------------------------------------------------------
34 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES CONTINUED Golden Telecom, Inc. 300 $ 7,680 - ---------------------------------------------------------------------------------------------------------------------- Iowa Telecommunications Services, Inc. 5,000 97,500 - ---------------------------------------------------------------------------------------------------------------------- North Pittsburgh Systems, Inc. 5,700 112,661 - ---------------------------------------------------------------------------------------------------------------------- Premiere Global Services, Inc. 1 1,000 11,320 - ---------------------------------------------------------------------------------------------------------------------- Shenandoah Telecommunications Co. 600 18,600 --------------- 1,179,011 - ---------------------------------------------------------------------------------------------------------------------- WIRELESS TELECOMMUNICATION SERVICES--0.5% Price Communications Corp. 3,300 57,750 - ---------------------------------------------------------------------------------------------------------------------- SBA Communications Corp. 1 10,200 93,432 - ---------------------------------------------------------------------------------------------------------------------- SpectraSite, Inc. 1 1,200 69,564 - ---------------------------------------------------------------------------------------------------------------------- Telephone & Data Systems, Inc. 2,500 204,000 - ---------------------------------------------------------------------------------------------------------------------- Triton PCS Holdings, Inc., Cl. A 1 2,600 5,772 - ---------------------------------------------------------------------------------------------------------------------- UbiquiTel, Inc. 1 46,600 312,220 - ---------------------------------------------------------------------------------------------------------------------- United States Cellular Corp. 1 3,400 155,142 - ---------------------------------------------------------------------------------------------------------------------- USA Mobility, Inc. 1 6,300 204,120 --------------- 1,102,000 - ---------------------------------------------------------------------------------------------------------------------- UTILITIES--2.2% - ---------------------------------------------------------------------------------------------------------------------- ELECTRIC UTILITIES--1.2% ALLETE, Inc. 2,500 104,625 - ---------------------------------------------------------------------------------------------------------------------- Aquila, Inc. 1 3,800 14,554 - ---------------------------------------------------------------------------------------------------------------------- Black Hills Corp. 2,000 66,140 - ---------------------------------------------------------------------------------------------------------------------- Canadian Hydro Developers, Inc. 1 14,000 46,069 - ---------------------------------------------------------------------------------------------------------------------- CH Energy Group, Inc. 6,800 310,760 - ---------------------------------------------------------------------------------------------------------------------- Cleco Corp. 2,400 51,120 - ---------------------------------------------------------------------------------------------------------------------- CMS Energy Corp. 1 43,400 565,936 - ---------------------------------------------------------------------------------------------------------------------- Green Mountain Power Corp. 1,000 29,300 - ---------------------------------------------------------------------------------------------------------------------- IDACORP, Inc. 11,200 317,744 - ---------------------------------------------------------------------------------------------------------------------- Northeast Utilities Co. 6,300 121,401 - ---------------------------------------------------------------------------------------------------------------------- NRG Energy, Inc. 1 5,000 170,750 - ---------------------------------------------------------------------------------------------------------------------- NSTAR, Inc. 2,700 146,610 - ---------------------------------------------------------------------------------------------------------------------- Ormat Technologies, Inc. 1 17,200 269,352 - ---------------------------------------------------------------------------------------------------------------------- PNM Resources, Inc. 7,300 194,764 - ---------------------------------------------------------------------------------------------------------------------- UIL Holdings Corp. 500 25,325 - ---------------------------------------------------------------------------------------------------------------------- Wisconsin Energy Corp. 4,600 163,300 - ---------------------------------------------------------------------------------------------------------------------- WPS Resources Corp. 2,200 116,424 --------------- 2,714,174 - ---------------------------------------------------------------------------------------------------------------------- GAS UTILITIES--0.6% AGL Resources, Inc. 1,400 48,902 - ---------------------------------------------------------------------------------------------------------------------- Atmos Energy Corp. 10,300 278,100 - ---------------------------------------------------------------------------------------------------------------------- Chesapeake Utilities Corp. 1,300 34,580 - ---------------------------------------------------------------------------------------------------------------------- Energen Corp. 3,900 259,740 - ---------------------------------------------------------------------------------------------------------------------- Nicor, Inc. 2,300 85,307 - ---------------------------------------------------------------------------------------------------------------------- Northwest Natural Gas Co. 1,000 36,170 - ---------------------------------------------------------------------------------------------------------------------- ONEOK, Inc. 5,800 178,756 - ---------------------------------------------------------------------------------------------------------------------- Peoples Energy Corp. 1,400 58,688 - ---------------------------------------------------------------------------------------------------------------------- South Jersey Industries, Inc. 600 33,840 - ---------------------------------------------------------------------------------------------------------------------- Southwest Gas Corp. 3,300 79,728 - ----------------------------------------------------------------------------------------------------------------------
35 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------------- GAS UTILITIES CONTINUED UGI Corp. 3,000 $ 136,260 - ---------------------------------------------------------------------------------------------------------------------- WGL Holdings, Inc. 4,500 139,320 --------------- 1,369,391 - ---------------------------------------------------------------------------------------------------------------------- MULTI-UTILITIES & UNREGULATED POWER--0.4% Avista Corp. 500 8,750 - ---------------------------------------------------------------------------------------------------------------------- Dynegy, Inc. 1 3,300 12,903 - ---------------------------------------------------------------------------------------------------------------------- Energy East Corp. 7,800 204,516 - ---------------------------------------------------------------------------------------------------------------------- MDU Resources Group, Inc. 2,000 55,240 - ---------------------------------------------------------------------------------------------------------------------- SCANA Corp. 1,500 57,330 - ---------------------------------------------------------------------------------------------------------------------- Sierra Pacific Resources 1 40,300 433,225 --------------- 771,964 --------------- Total Common Stocks (Cost $188,162,576) 216,072,503 - ---------------------------------------------------------------------------------------------------------------------- PREFERRED STOCKS--0.0% - ---------------------------------------------------------------------------------------------------------------------- Simon Property Group Inc., 6% Cv., Non-Vtg. (Cost $3,213) 60 3,326 PRINCIPAL AMOUNT - ---------------------------------------------------------------------------------------------------------------------- NON-CONVERTIBLE CORPORATE BONDS AND NOTES--0.0% - ---------------------------------------------------------------------------------------------------------------------- Mueller Industries, Inc., 6% Sub. Nts., 11/1/14 (Cost $51,000) $ 51,000 49,598 - ---------------------------------------------------------------------------------------------------------------------- JOINT REPURCHASE AGREEMENTS--1.7% - ---------------------------------------------------------------------------------------------------------------------- Undivided interest of 0.46% in joint repurchase agreement (Principal Amount/Value $838,272,000, with a maturity value of $838,336,035) with UBS Warburg LLC, 2.75%, dated 3/31/05, to be repurchased at $3,821,292 on 4/1/05, collateralized by Federal National Mortgage Assn., 4.50%--5%, 5/1/19--3/1/34, with a value of $857,182,684 (Cost $3,821,000) 3,821,000 3,821,000 - ---------------------------------------------------------------------------------------------------------------------- Total Investments, at Value (Excluding Investments Purchased with Cash Collateral from Securities Loaned) (Cost $192,037,789) 219,946,427 - ---------------------------------------------------------------------------------------------------------------------- INVESTMENTS PURCHASED WITH CASH COLLATERAL FROM SECURITIES LOANED--22.3% - ---------------------------------------------------------------------------------------------------------------------- ASSET BACKED FLOATING NOTE--1.0% Whitehawk CDO Funding Corp., 3.08%, 6/15/05 5 2,250,000 2,250,000 - ---------------------------------------------------------------------------------------------------------------------- JOINT REPURCHASE AGREEMENTS--20.2% Undivided interest of 8.87% in joint repurchase agreement (Principal Amount/Value $500,000,000, with a maturity value of $500,040,972) with Merrill Lynch Securities/MLPFS, 2.95%, dated 3/31/05, to be repurchased at $44,355,240 on 4/1/05, collateralized by AA Asset-Backed Securities, 0.00%-7.76%, 6/15/09-1/25/45, with a value of $525,002,014 5 44,351,606 44,351,606 - ---------------------------------------------------------------------------------------------------------------------- MASTER FLOATING NOTES--0.8% Bear Stearns, 3.055%, 4/1/05 5 250,000 250,000 - ---------------------------------------------------------------------------------------------------------------------- Merrill Lynch Mortgage Capital, 2.975%, 4/1/05 5 1,500,000 1,500,000 --------------- 1,750,000 - ---------------------------------------------------------------------------------------------------------------------- MEDIUM-TERM FLOATING NOTE--0.3% Sigma Finance, Inc., 2.934%, 4/25/05 5 654,736 654,736 --------------- Total Investments Purchased with Cash Collateral from Securities Loaned (Cost $49,006,342) 49,006,342
36 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
VALUE - ---------------------------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS, AT VALUE (COST $241,044,131) 122.5% $ 268,952,769 - ---------------------------------------------------------------------------------------------------------------------- LIABILITIES IN EXCESS OF OTHER ASSETS (22.5) (49,482,682) ------------------------------- NET ASSETS 100.0% $ 219,470,087 ===============================
FOOTNOTES TO STATEMENT OF INVESTMENTS 1. Non-income producing security. 2. Represents securities sold under Rule 144A, which are exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid under guidelines established by the Board of Trustees. These securities amount to $74,495 or 0.03% of the Fund's net assets as of March 31, 2005. 3. The Fund holds securities which have been issued by the same entity and that trade on separate exchanges. 4. Illiquid or restricted security. The aggregate value of illiquid or restricted securities as of March 31, 2005 was $184,765, which represents 0.08% of the Fund's net assets, all of which is considered restricted. See accompanying Notes to Quarterly Statement of Investments. 5. The security has been segregated to satisfy the forward commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned. See accompanying Notes to Quarterly Statement of Investments. FEDERAL TAX. The approximate 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 March 31, 2005 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 $ 241,140,611 ============= Gross unrealized appreciation $ 31,843,338 Gross unrealized depreciation (4,031,180) -------------- Net unrealized appreciation $ 27,812,158 ============== NOTES TO QUARTERLY STATEMENT OF INVESTMENTS 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 sixty 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). FOREIGN CURRENCY TRANSLATION. The Fund's accounting records are maintained in U.S. dollars. Prices of securities denominated in foreign currencies are translated into U.S. dollars as of the close of The New York Stock Exchange 37 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - -------------------------------------------------------------------------------- (the Exchange), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Amounts related to the purchase and sale of foreign securities and investment income are translated at the rates of exchange prevailing on the respective dates of such transactions. Foreign exchange rates may be valued primarily using dealer supplied valuations or a portfolio pricing service authorized by the Board of Trustees. Reported net realized foreign exchange gains or losses arise from sales of portfolio securities, sales and maturities of short-term securities, sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the values of assets and liabilities, including investments in securities at fiscal period end, resulting from changes in exchange rates. The effect of changes in foreign currency exchange rates on investments is separately identified from the fluctuations arising from changes in market values of securities held and reported with all other foreign currency gains and losses in the Fund's Statement of Operations. JOINT REPURCHASE AGREEMENTS. Pursuant to an Exemptive Order issued by the Securities and Exchange Commission, the Fund, along with other affiliated funds advised by the Manager, may transfer uninvested cash balances into joint trading accounts on a daily basis. These balances are invested in one or more repurchase agreements. Securities pledged as collateral for repurchase agreements are held by a custodian bank until the agreements mature. Each agreement requires that the market value of the collateral be sufficient to cover payments of interest and principal. In the event of default by the other party to the agreement, retention of the collateral may be subject to legal proceedings. FOREIGN CURRENCY CONTRACTS. A foreign currency contract is a commitment to purchase or sell a foreign currency at a future date, at a negotiated rate. The Fund may enter into foreign currency contracts to settle specific purchases or sales of securities denominated in a foreign currency and for protection from adverse exchange rate fluctuation. Risks to the Fund include the potential inability of the counterparty to meet the terms of the contract. The net U.S. dollar value of foreign currency underlying all contractual commitments held by the Fund and the resulting unrealized appreciation or depreciation are determined using prevailing foreign currency exchange rates. Unrealized appreciation and depreciation on foreign currency contracts are reported in the Statement of Assets and Liabilities as a receivable or payable and in the Statement of Operations with the change in unrealized appreciation or depreciation. The Fund may realize a gain or loss upon the closing or settlement of the foreign transaction. Contracts closed or settled with the same broker are recorded as net realized gains or losses. Such realized gains and losses are reported with all other foreign currency gains and losses in the Statement of Operations. As of March 31, 2005, the Fund had no outstanding foreign currency contracts. ILLIQUID OR RESTRICTED SECURITIES. As of March 31, 2005, investments in securities included issues that are illiquid or restricted. Restricted securities are purchased in private placement transactions, are not registered under the Securities Act of 1933, may have contractual restrictions on resale, and are valued under methods approved by the Board of Trustees as reflecting fair value. A security may also be considered illiquid if it lacks a readily available market or if its valuation has not changed for a certain period of time. The Fund will not invest more than 15% of its net assets (determined at the time of purchase and reviewed periodically) in illiquid or restricted securities. Certain restricted securities, eligible for resale to qualified institutional investors, are not subject to that limitation. Information concerning restricted securities is as follows: 38 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA Oppenheimer Main Street Small Cap Fund/VA STATEMENT OF INVESTMENTS March 31, 2005/Unaudited - --------------------------------------------------------------------------------
UNREALIZED ACQUISITION VALUATION AS OF APPRECIATION SECURITY DATES COST MARCH 31, 2005 (DEPRECIATION) - ---------------------------------------------------------------------------------------------------------------- Lightning Energy Ltd. 11/8/04 $ 53,664 $ 55,957 $ 2,293 Mission Oil & Gas, Inc. 1/18/05 34,507 33,955 (552) ProspEx Resources Ltd. 11/17/04 9,233 10,322 1,089 Tusk Energy Corp. 11/15/04 38,148 84,531 46,383
SECURITIES LENDING. The Fund lends portfolio securities from time to time in order to earn additional income. In return, the Fund receives collateral in the form of US Treasury obligations or cash, against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the funds and any additional required collateral is delivered to the Fund on the next business day. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund could experience delays and cost in recovering the securities loaned or in gaining access to the collateral. Cash collateral is invested in cash equivalents. The Fund retains a portion of the interest earned from the collateral. The Fund also continues to receive interest or dividends paid on the securities loaned. As of March 31, 2005, the Fund had on loan securities valued at $48,214,915. Collateral of $49,050,851 was received for the loans, of which $49,006,342 was received in cash and subsequently invested in approved instruments. 39 | OPPENHEIMER MAIN STREET SMALL CAP FUND/VA 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 March 31, 2005, 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) SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Oppenheimer Main Street Small Cap Fund/VA By: /s/ John V. Murphy ---------------------------- John V. Murphy Principal Executive Officer Date: May 13, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ John V. Murphy ---------------------------- John V. Murphy Principal Executive Officer Date: May 13, 2005 By: /s/ Brian W. Wixted ---------------------------- Brian W. Wixted Chief Financial Officer Date: May 13, 2005 EX-99.CERT 2 rq297_15546ex99cert.txt RQ297_15546EX99CERT.TXT Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS I, JOHN V. MURPHY, certify that: 1. I have reviewed this report on Form N-Q of Oppenheimer Main Street Small Cap 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 Principal Executive Officer Date: May 13, 2005 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 Small Cap 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: May 13, 2005 -----END PRIVACY-ENHANCED MESSAGE-----