Oppenheimer Midcap Fund/VA
                           NSAR - EXHIBIT 77D AND 77Q

                           OPPENHEIMER MIDCAP FUND/VA
                      Supplement dated June 30, 2009 to the
    Prospectus and Statement of Additional Information dated April 30, 2009


Effective September 15, 2009, this supplement amends the Prospectus and
Statement of Additional Information of Oppenheimer MidCap Fund/VA (the "Fund"),
each dated April 30, 2009.

1. The first full paragraph on the cover page of the Prospectus is deleted in
its entirety and is replaced by the following:

Oppenheimer MidCap Fund/VA is a mutual fund that seeks capital appreciation by
investing in "growth type" companies. It currently emphasizes investments in
common stocks of companies whose market capitalizations, at the time of
purchase, are within the range of the market capitalizations of the largest and
smallest companies included in the Russell Midcap(R) Index.

2. The section titled "The Fund's Main Investment Strategies," on page 3 of the
Prospectus, is deleted in its entirety and is replaced by the following:

           THE FUND'S MAIN INVESTMENT STRATEGIES. The Fund mainly invests
in equity securities, such as common stocks, preferred stocks, and convertible
securities that the portfolio manager expects to have above-average growth
rates. Under normal market conditions, the Fund invests at least 80% of its net
assets, plus borrowings for investment purposes, in equity securities of
"mid-cap" companies. Under normal market conditions, the Fund can invest up to
20% of its net assets, plus borrowings for investment purposes, in stocks of
companies in other market capitalizations, if the Manager believes they offer
opportunities for growth.

         The Fund defines mid-cap companies as those companies whose market
capitalizations, at the time of purchase, are within the range of market
capitalizations of the largest and smallest companies included in the Russell
Midcap Index. This range is subject to change daily due to market activity and
changes in the composition of the Russell Midcap Index. The Fund measures a
company's capitalization at the time the Fund buys a security, and it is not
required to sell a security if the issuer's capitalization exceeds or falls
below the Fund's definition of a mid-cap issuer.

         The Fund invests primarily in U.S. companies but may also purchase
securities of issuers in any country, including developed countries and emerging
markets. The Fund has no limits on the amount of its assets that can be invested
in foreign securities, but has adopted an operating policy limiting its
investments in foreign securities to no more than 25% of its total assets.

3. The section "How the Portfolio Manager Decides What Securities to Buy or
Sell," beginning on page 3 of the Prospectus, is deleted in its entirety and is
replaced by the following:

HOW THE PORTFOLIO MANAGER DECIDES WHAT SECURITIES TO BUY OR SELL. In selecting
securities, the Fund's portfolio manager looks for companies with high growth
potential using a "bottom-up" stock selection process. The "bottom-up" approach
focuses on fundamental analysis of individual issuers before considering the
impact of overall economic, market or industry trends. This approach includes
analysis of a company's financial statements and management structure and
consideration of the company's operations and product development, as well as
its position in its industry. The portfolio manager looks for companies with
revenues growing at above-average rates that might support and sustain
above-average earnings. The portfolio manager also evaluates other business and
economic factors, including cyclical factors, that might contribute to the
company's stock appreciation.

         The Fund's portfolio manager currently focuses on companies with the
following characteristics, which may vary in particular cases and may change
over time:

o        Companies with a market capitalization, at the time of purchase, within
         the range of market capitalizations of the largest and smallest
         companies included in the Russell Midcap Index;
o An above-average rate of high quality growth that the portfolio manager
believes is sustainable; o Experienced management teams with proven records; o
Industry leaders with competitive advantages; o Companies with strong financials
including low debt.

The portfolio manager monitors individual issuers for changes in business
fundamentals and valuation. If the portfolio manager notes a slowdown in the
company's internal revenue growth or earnings growth or a negative movement in
the company's fundamental economic condition, and if there are other investment
alternatives that offer what he believes to be better appreciation
possibilities, he will consider selling that stock.

4. The second bulleted paragraph under the section titled "Do the Funds Have Any
Restrictions That Are Not Fundamental?," on page 42 of the Statement of
Additional Information, is deleted in its entirety and is replaced by the
following:

         o MidCap Fund/VA has also adopted the following non-fundamental policy.
Under normal market conditions, as a non-fundamental policy, the MidCap Fund/VA
invests at least 80% of its net assets (plus borrowings for investment purposes)
in equity securities of growth companies whose market capitalizations, at the
time of purchase, are within the range of the market capitalizations of the
largest and smallest companies included in the Russell Midcap Index (referred to
as "mid-cap" stocks). MidCap Fund/VA's non-fundamental policy of investing at
least 80% of its net assets in these investments will not be changed by MidCap
Fund/VA's Board of Trustees without first providing shareholders 60 days'
written notice.

5. The eighth bullet of text under the section titled "Performance of the Funds
- Explanation of Performance Terminology," beginning on page 77 of the Statement
of Additional Information, is deleted in its entirety and is replaced by the
following:

The current Oppenheimer MidCap Fund/VA definition of "mid-cap" stocks (see page
42) is effective as of September 15, 2009


June 30, 2009