OPPENHEIMER VARIABLE ACCOUNT FUNDS
Supplement dated December 4, 1995 to the
Prospectus dated May 1, 1995
The prospectus is amended as follows:
1. The supplement dated July 1, 1995 to the Prospectus dated May 1, 1995
is hereby replaced.
2. The third sentence under the paragraph captioned "Overview of the
Funds - Who Manages the Funds?" is revised to state that the
Portfolio Managers for Growth & Income Fund are Robert C. Doll, Jr.,
Bruce Bartlett and Diane L. Sobin and the portfolio manager for
Global Securities Fund is William Wilby.
3. The fifth, sixth and seventh sentences in the paragraph entitled "How
the Funds are Managed - Portfolio Managers" are revised to read as
follows:
The Portfolio Manager of Global Securities Fund is William
Wilby. He is a Senior Vice President of the Manger and, as of
December 4, 1995, is the person principally responsible for the
day-to-day management of the Fund's portfolio. During the past
five years, Mr. Wilby has also served as an officer and
portfolio manager for other Oppenheimer funds, prior to which
he was an international investment strategist at Brown Brothers
Harriman & Co., and a Managing Director and Portfolio Manager
at AIG Global Investors.
The seventeenth, eighteenth, nineteenth and twentieth sentences of
that same paragraph are revised to read as follows:
The Portfolio Managers of Growth & Income Fund are Robert C.
Doll, Jr., Bruce Bartlett and Diane L. Sobin. They will be the
persons principally responsible for the day-to-day management
of that Fund after its inception in July, 1995. Each of the
Growth & Income Fund Portfolio Managers are officers of other
OppenheimerFunds. Mr. Doll is an Executive Vice President and
Director of Equity Investments of the Manager. During the past
five years, Mr. Bartlett, a Vice President of the Manager, was
previously a Vice President and Senior Portfolio Manager with
First of America Investment Corporation. During the past five
years, Ms. Sobin, a Vice President of the Manager, was
previously a Vice President and Senior Portfolio Manager with
Dean Witter InterCapital, Inc.
December 4, 1995 PS0600.006
