New fund in variable account funds series Oppenheimer Variable Account Funds - Oppenheimer Small Cap Growth Fun (number ten in the series). Investment Advisory Agreement dated 5/1/98 filed with Registrants Post-Effective Amendment #31, 1/30/98, and...

New fund in variable account funds series

Xxxxxxxxxxx  Variable  Account Funds - Xxxxxxxxxxx  Small Cap Growth Fun (number
ten in the series). Investment Advisory Agreement dated 5/1/98 filed with
Registrants Post-Effective Amendment #31, 1/30/98, and incorporated herein by 
reference.