-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 QGJEHaUz7w5IgU0Y1QBEKCokgEIJ1aE6FiImbDFOjXgI3NpWjRJAZApJEBZZLMZq
 GdQKuG1Fg4DO9P4PvS0Fog==

<SEC-DOCUMENT>9999999995-08-000735.txt : 20080310
<SEC-HEADER>9999999995-08-000735.hdr.sgml : 20080310
<ACCEPTANCE-DATETIME>20080310001529
ACCESSION NUMBER:		9999999995-08-000735
CONFORMED SUBMISSION TYPE:	EFFECT
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080307
DATE AS OF CHANGE:		20080310
EFFECTIVENESS DATE:		20080307

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:		EFFECT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-148748
		FILM NUMBER:		08676078

	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>
<MERGER-SERIES-AND-CLASSES-CONTRACTS>
<MERGER>
<ACQUIRING-DATA>
CENTRAL INDEX KEY:			0000752737
<SERIES>
<SERIES-ID>S000010335
<SERIES-NAME>Oppenheimer Core Bond Fund/VA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028594
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
</SERIES>
</ACQUIRING-DATA>
<TARGET-DATA>
CENTRAL INDEX KEY:			0000355411
<SERIES>
<SERIES-ID>S000010345
<SERIES-NAME>Government Securities Portfolio
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000028611
<CLASS-CONTRACT-NAME>Non-Service
</CLASS-CONTRACT>
</SERIES>
</TARGET-DATA>
</MERGER>
</MERGER-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>EFFECT
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>EFFECT</submissionType>

    <act>33</act>

    <testOrLive>LIVE</testOrLive>

    <effectiveData>
        <finalEffectivenessDispDate>2008-03-07</finalEffectivenessDispDate>
        <finalEffectivenessDispTime>15:30:00</finalEffectivenessDispTime>
        <form>N-14</form>
        <filer>
            <cik>0000752737</cik>
            <entityName>OPPENHEIMER VARIABLE ACCOUNT FUNDS</entityName>
            <fileNumber>333-148748</fileNumber>
            <seriesClassContractData>
                <merger>
                    <acquiringCik>0000752737</acquiringCik>
                    <acquiringEntityName>OPPENHEIMER VARIABLE ACCOUNT FUNDS</acquiringEntityName>
                    <acquiringSeriesId>S000010335</acquiringSeriesId>
                    <acquiringSeriesName>Oppenheimer Core Bond Fund/VA</acquiringSeriesName>
                    <acquiringClassContractId>C000028594</acquiringClassContractId>
                    <acquiringClassContractName>Non-Service</acquiringClassContractName>
                    <targetCik>0000355411</targetCik>
                    <targetEntityName>OPPENHEIMER PANORAMA SERIES FUND INC</targetEntityName>
                    <targetSeriesId>S000010345</targetSeriesId>
                    <targetSeriesName>Government Securities Portfolio</targetSeriesName>
                    <targetClassContractId>C000028611</targetClassContractId>
                    <targetClassContractName>Non-Service</targetClassContractName>
                </merger>
            </seriesClassContractData>
        </filer>
    </effectiveData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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