<SEC-DOCUMENT>0001193125-17-265598-index.html : 20170823
<SEC-HEADER>0001193125-17-265598.hdr.sgml : 20170823
<ACCEPTANCE-DATETIME>20170823154245
ACCESSION NUMBER:		0001193125-17-265598
CONFORMED SUBMISSION TYPE:	N-CSRS
PUBLIC DOCUMENT COUNT:		31
CONFORMED PERIOD OF REPORT:	20170630
FILED AS OF DATE:		20170823
DATE AS OF CHANGE:		20170823
EFFECTIVENESS DATE:		20170823

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OPPENHEIMER VARIABLE ACCOUNT FUNDS
		CENTRAL INDEX KEY:			0000752737
		IRS NUMBER:				840974272
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-CSRS
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04108
		FILM NUMBER:		171047103

	BUSINESS ADDRESS:	
		STREET 1:		6803 SOUTH TUCSON WAY
		CITY:			CENTENNIAL
		STATE:			CO
		ZIP:			80112-3924
		BUSINESS PHONE:		3036713200

	MAIL ADDRESS:	
		STREET 1:		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
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000010331
<SERIES-NAME>Oppenheimer Conservative Balanced Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028586
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028587
<CLASS-CONTRACT-NAME>Service
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000010333
<SERIES-NAME>Oppenheimer Discovery Mid Cap Growth Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028590
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028591
<CLASS-CONTRACT-NAME>Service
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000010334
<SERIES-NAME>Oppenheimer Capital Appreciation Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028592
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028593
<CLASS-CONTRACT-NAME>Service
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000010335
<SERIES-NAME>Oppenheimer Total Return Bond Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028594
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028595
<CLASS-CONTRACT-NAME>Service
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000010336
<SERIES-NAME>Oppenheimer Global Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028596
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028597
<CLASS-CONTRACT-NAME>Service
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000010338
<SERIES-NAME>Oppenheimer Main Street Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028600
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028601
<CLASS-CONTRACT-NAME>Service
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000010339
<SERIES-NAME>Oppenheimer Main Street Small Cap Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028602
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028603
<CLASS-CONTRACT-NAME>Service
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000010340
<SERIES-NAME>Oppenheimer Government Money Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028604
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000010341
<SERIES-NAME>Oppenheimer Global Strategic Income Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028606
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028607
<CLASS-CONTRACT-NAME>Service
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000042879
<SERIES-NAME>Oppenheimer Global Multi-Alternatives Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000132845
<CLASS-CONTRACT-NAME>Non-Service Class
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000132846
<CLASS-CONTRACT-NAME>Service Class
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000752737
<SERIES-ID>S000044083
<SERIES-NAME>Oppenheimer International Growth Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000136819
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000136820
<CLASS-CONTRACT-NAME>Service
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSRS
<SEQUENCE>1
<FILENAME>d437187dncsrs.htm
<DESCRIPTION>OPPENHEIMER VARIABLE ACCOUNT FUNDS
<TEXT>
Document 1 - file: d437187dncsrs.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.CERT <SEQUENCE>2 <FILENAME>d437187dex99cert.htm <DESCRIPTION>SECTION 302 CERTIFICATIONS <TEXT> Document 2 - file: d437187dex99cert.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.906CERT <SEQUENCE>3 <FILENAME>d437187dex99906cert.htm <DESCRIPTION>SECTION 906 CERTIFICATIONS <TEXT> Document 3 - file: d437187dex99906cert.htm
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>4 <FILENAME>g406955img01.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 4 - file: g406955img01.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>5 <FILENAME>g406955img02.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 5 - file: g406955img02.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>6 <FILENAME>g406955img03.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 6 - file: g406955img03.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>7 <FILENAME>g418434dsp1a.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 7 - file: g418434dsp1a.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>8 <FILENAME>g418434dsp1b.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 8 - file: g418434dsp1b.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>9 <FILENAME>g422092opp.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 9 - file: g422092opp.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>10 <FILENAME>g422092oppenhe.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 10 - file: g422092oppenhe.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>11 <FILENAME>g423094chart.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 11 - file: g423094chart.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>12 <FILENAME>g423094snap1.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 12 - file: g423094snap1.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>13 <FILENAME>g423094snap_last1.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 13 - file: g423094snap_last1.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>14 <FILENAME>g431641bc_1.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 14 - file: g431641bc_1.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>15 <FILENAME>g431641cov.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 15 - file: g431641cov.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>16 <FILENAME>g433984snap1.gif <DESCRIPTION>GRAPHIC <TEXT> Document 16 - file: g433984snap1.gif
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>17 <FILENAME>g433984snap4.gif <DESCRIPTION>GRAPHIC <TEXT> Document 17 - file: g433984snap4.gif
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>18 <FILENAME>g433984snap5.gif <DESCRIPTION>GRAPHIC <TEXT> Document 18 - file: g433984snap5.gif
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>19 <FILENAME>g434308bclogo.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 19 - file: g434308bclogo.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>20 <FILENAME>g434308covlogo.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 20 - file: g434308covlogo.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>21 <FILENAME>g434612im1a.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 21 - file: g434612im1a.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>22 <FILENAME>g434612im3.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 22 - file: g434612im3.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>23 <FILENAME>g434612im4.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 23 - file: g434612im4.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>24 <FILENAME>g436067cov1.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 24 - file: g436067cov1.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>25 <FILENAME>g436067opp.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 25 - file: g436067opp.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>26 <FILENAME>g436067toc.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 26 - file: g436067toc.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>27 <FILENAME>g437187snap1.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 27 - file: g437187snap1.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>28 <FILENAME>g437187snap_chart1.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 28 - file: g437187snap_chart1.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>29 <FILENAME>g437187snap_last1.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 29 - file: g437187snap_last1.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>30 <FILENAME>g437602g69u52.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 30 - file: g437602g69u52.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>31 <FILENAME>g437602g79n91.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 31 - file: g437602g79n91.jpg
</DOCUMENT> </SEC-DOCUMENT>