OPPENHEIMER GLOBAL SECURITIES FUND/VA
a series of Oppenheimer Variable Account Funds
Supplement dated June 14, 1999
to the Prospectus dated May 1, 1999
The Prospectus is changed by replacing the first sentence of the section
entitled "The Fund's Objective and Investment Strategies -- What Does the Fund
Invest In?" on page 2 with the following:
The Fund invests mainly in common stocks, and can also buy other equity
securities, including preferred stocks and securities convertible into
common stock.
June 14, 1999 PSO485.015
