OPPENHEIMER VARIABLE ACCOUNT FUNDS
Supplement dated December 4, 1995 to the
Prospectus dated May 1, 1995
The prospectus is amended as follows:
1. The third sentence under the paragraph captioned "Overview of the
Funds - Who Manages the Funds?" is revised to state that the
Portfolio Manager for Global Securities Fund is William Wilby.
2. 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 Manager and, as of
December 4, 1995, is the person principally responsible for the
day-to-day management of that 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.
December 4, 1995 PS0600.002.1295
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OPPENHEIMER VARIABLE ACCOUNT FUNDS
Supplement dated December 4, 1995
to the Statement of Additional Information dated May 1, 1995
The Statement of Additional Information is hereby amended by deleting
the biography of George Evans under the section entitled "Trustees and
Officers of the Fund" on page 23 and replacing it with the following:
William L. Wilby, Vice President; Portfolio Manager
of Global Securities Fund; Age 50
Senior Vice President of the Manager and HarbourView;
an officer of other Oppenheimer funds; formerly
international investment strategist at Brown
Brothers, Harriman & Co., prior to which he was a
Managing Director and Portfolio Manager at AIG Global
Investors.
December 4, 1995 PX0600.004
December 4, 1995
PX0600.004
