Registration No. 2-93177

File No. 811-4108

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933	x
Pre-Effective Amendment No.	o
Post-Effective Amendment No. 61	x

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940	x
Amendment No. 56

OPPENHEIMER VARIABLE ACCOUNT FUNDS

___________________________________________________
(Exact Name of Registrant as Specified in Charter)

6803 South Tucson Way, Centennial, Colorado 80112-3924

___________________________________________________
(Address of Principal Executive Offices)          (Zip Code)

Registrant’s Telephone Number, including Area Code: (303) 768-3200

Arthur S. Gabinet, Esq.

OppenheimerFunds, Inc.

Two World Financial Center, 225 Liberty Street, New York, New York 10281-1008

___________________________________________________
(Name and Address of Agent for Service)

It is proposed that this filing will become effective (check appropriate box):

x	immediately upon filing pursuant to paragraph (b)
o	on _____________pursuant to paragraph (b)
o	60 days after filing pursuant to paragraph (a)(1)
o	on ______________pursuant to paragraph (a)(1)
o	75 days after filing pursuant to paragraph (a)(2)
o	on _______________ pursuant to paragraph (a)(2) of Rule 485.
If appropriate, check the following box:
o	this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and State of New York on the 12th day of May, 2011.

OPPENHEIMER VARIABLE ACCOUNT FUNDS
By:	William F. Glavin, Jr.*
	William F. Glavin, Jr., President Principal Executive Officer and Trustee

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities on the dates indicated:

Signatures	Title	Date
William L. Armstrong*	Chairman of the Board of Trustees	May 12, 2011
William L. Armstrong
William F. Glavin, Jr.*	President, Principal Executive Officer and Trustee	May 12, 2011
William F. Glavin, Jr.
Brian W. Wixted*	Treasurer, Principal Financial & Accounting Officer	May 12, 2011
Brian W. Wixted
George C. Bowen*	Trustee	May 12, 2011
George C. Bowen
Edward L. Cameron*	Trustee	May 12, 2011
Edward L. Cameron
Jon S. Fossel*	Trustee	May 12, 2011
Jon S. Fossel
Sam Freedman*	Trustee	May 12, 2011
Sam Freedman
Beverly L. Hamilton*	Trustee	May 12, 2011
Beverly L. Hamilton
Robert J. Malone*	Trustee	May 12, 2011
Robert J. Malone
F. William Marshall, Jr.*	Trustee	May 12, 2011
F. William Marshall, Jr.

*By:	/s/ Mitchell J. Lindauer
	Mitchell J. Lindauer, Attorney-in-Fact

EXHIBIT INDEX

Exhibit No.	Description
Ex-101.INS	XBRL Instance Document
Ex-101.SCH	XBRL Taxonomy Extension Schema Document
Ex-101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
Ex-101.DEF	XBRL Taxonomy Extension Definition Linkbase
Ex-101.LAB	XBRL Taxonomy Extension Labels Linkbase
Ex-101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

C-1