N-SAR Exhibit Item 77Q1 RESTATED INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • February 28th, 2014 • Panorama Series Fund
Contract Type FiledFebruary 28th, 2014 CompanyAGREEMENT made as of the 1st day of November, 2013, by and between Panorama Series Fund (the “Company”) on behalf of its International Growth Fund/VA (the “Fund”), and OFI Global Asset Management, Inc. (“OFI GLOBAL”).