PROXY CARD
PANORAMA SERIES FUND, INC.
Government Securities Portfolio
PROXY FOR A SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON APRIL 25, 2008
The undersigned, revoking prior proxies, hereby appoints Brian Wixted, Brian
Szilagyi, and Kathleen Ives, and each of them, as attorneys-in-fact and
proxies of the undersigned, with full power of substitution, to vote shares
held in the name of the undersigned on the record date at the Special Meeting
of Shareholders of Government Securities Portfolio, a series of Panorama
Series Fund, Inc. ("Panorama Fund"), to be held at 6803 South Tucson Way,
Centennial, Colorado, 80112, on April 25, 2008, at 1:00 P.M. Mountain Time, or
at any adjournment thereof, upon the proposal described in the Notice of
Meeting and accompanying Combined Prospectus and Proxy Statement, which have
been received by the undersigned.
This proxy is solicited on behalf of the Panorama Fund's Board of Directors,
and the proposal (set forth below) has been proposed by the Board of
Directors.
When properly executed, this proxy will be voted as indicated on the reverse
side or "FOR" the proposals if no choice is indicated. The proxy will be voted
in accordance with the proxy holders' best judgment as to any other matters
that may arise at the Meeting.
Note: Please sign this proxy exactly as your name or
[ADDRESS LINE 1] names appear hereon. Each joint owner should sign.
[ADDRESS LINE 2] Trustees and other fiduciaries should indicate the
[ADDRESS LINE 3] capacity in which they sign. If a corporation,
[ADDRESS LINE 4] partnership or other entity, this signature should be
[ADDRESS LINE 5] that of a duly authorized individual who should state
[ADDRESS LINE 6] his or her title.
[ADDRESS LINE 7] _____________________________________________________
Signature Date
_____________________________________________________
Signature (if held jointly) Date
_____________________________________________________
Title if a corporation, partnership or other entity
FOLD HERE
Your vote is important, no matter how many shares you own. The matter
submitted for your consideration is significant to the Panorama Fund and to you
as a shareholder. Please take the time to read the proxy statement and cast
your vote.
THIS PROXY IS SOLICITED ON BEHALF OF THE PANORAMA FUND'S BOARD OF DIRECTORS,
AND THE PROPOSAL BELOW HAS BEEN PROPOSED BY THE BOARD OF DIRECTORS.
TO VOTE, MARK ONE BOX IN BLUE OR BLACK INK. Example: [ ]
PROPOSAL:
1. To approve an Agreement and Plan of Reorganization between Panorama
Fund and Oppenheimer Core Bond Fund/VA ("Core Bond Fund/VA"), a series of
Oppenheimer Variable Account Funds, and the transactions contemplated
thereby, including: (a) the transfer of substantially all the assets of
Panorama Fund to Core Bond Fund/VA in exchange for Non-Service shares of
Core Bond Fund/VA; (b) the distribution of Non-Service shares of Core
Bond Fund/VA to shareholders of Panorama Fund in complete liquidation of
Panorama Fund; and (c) the cancellation of the outstanding shares of
Panorama Fund.
FOR AGAINST ABSTAIN
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