POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that the  undersigned,  constitutes  and
appoints  Tane T.  Tyler and  Mitchell  J.  Lindauer  each as my true and lawful
attorney-in-fact  and agent, with full power of substitution and resubstitution,
for me and in my capacity as a Trustee of Oppenheimer Strategic Income Fund (the
"Fund"), to sign on my behalf any and all Registration Statements (including any
post-effective  amendments to Registration  Statements) under the Securities Act
of 1933, the Investment  Company Act of 1940 and any amendments and  supplements
thereto, and proxy statements or other documents in connection  thereunder,  and
to file the same, with all exhibits  thereto,  and other documents in connection
therewith, with the U.S. Securities and Exchange Commission,  granting unto said
attorneys-in-fact  and agents,  and each of them, full power and authority to do
and perform each and every act and thing  requisite  and necessary to be done in
and about the  premises,  as fully as to all intents and  purposes as I might or
could  do  in  person,   hereby   ratifying   and   confirming   all  that  said
attorneys-in-fact  and agents,  and each of them, may lawfully do or cause to be
done by virtue hereof. .


Dated this 28th  day of June, 2004





/s/ William L. Armstrong
------------------------
William L. Armstrong


Witness: /s/ Kathleen Ives

           Kathleen Ives
           Assistant Secretary





                                                       POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that the  undersigned,  constitutes  and
appoints  Tane T.  Tyler and  Mitchell  J.  Lindauer  each as my true and lawful
attorney-in-fact  and agent, with full power of substitution and resubstitution,
for me and in my capacity as a Trustee of Oppenheimer Strategic Income Fund (the
"Fund"), to sign on my behalf any and all Registration Statements (including any
post-effective  amendments to Registration  Statements) under the Securities Act
of 1933, the Investment  Company Act of 1940 and any amendments and  supplements
thereto, and proxy statements or other documents in connection  thereunder,  and
to file the same, with all exhibits  thereto,  and other documents in connection
therewith, with the U.S. Securities and Exchange Commission,  granting unto said
attorneys-in-fact  and agents,  and each of them, full power and authority to do
and perform each and every act and thing  requisite  and necessary to be done in
and about the  premises,  as fully as to all intents and  purposes as I might or
could  do  in  person,   hereby   ratifying   and   confirming   all  that  said
attorneys-in-fact  and agents,  and each of them, may lawfully do or cause to be
done by virtue hereof. .


Dated this 28th  day of June, 2004





/s/ Robert G. Avis
------------------------
Robert G. Avis


Witness:  /s/ Kathlee Ives
           Kathleen Ives
           Assistant Secretary







                                                       POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that the  undersigned,  constitutes  and
appoints  Tane T.  Tyler and  Mitchell  J.  Lindauer  each as my true and lawful
attorney-in-fact  and agent, with full power of substitution and resubstitution,
for me and in my capacity as a Trustee of  Oppenheimer  Strategic  Bond  Fund/VA
(the  "Fund"),  to  sign  on my  behalf  any  and  all  Registration  Statements
(including any post-effective  amendments to Registration  Statements) under the
Securities Act of 1933,  the  Investment  Company Act of 1940 and any amendments
and supplements  thereto,  and proxy statements or other documents in connection
thereunder, and to file the same, with all exhibits thereto, and other documents
in  connection  therewith,  with the U.S.  Securities  and Exchange  Commission,
granting unto said  attorneys-in-fact  and agents,  and each of them, full power
and  authority  to do and  perform  each and every act and thing  requisite  and
necessary to be done in and about the  premises,  as fully as to all intents and
purposes as I might or could do in person,  hereby  ratifying and confirming all
that said  attorneys-in-fact  and agents,  and each of them,  may lawfully do or
cause to be done by virtue hereof. .


Dated this 28th  day of June, 2004





/s/ George C. Bowen
------------------------
George C. Bowen


Witness: /s/ Kathleen Ives
           Kathleen Ives
           Assistant Secretary








                                                       POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that the  undersigned,  constitutes  and
appoints  Tane T.  Tyler and  Mitchell  J.  Lindauer  each as my true and lawful
attorney-in-fact  and agent, with full power of substitution and resubstitution,
for me and in my capacity as a Trustee of  Oppenheimer  Strategic  Bond  Fund/VA
(the  "Fund"),  to  sign  on my  behalf  any  and  all  Registration  Statements
(including any post-effective  amendments to Registration  Statements) under the
Securities Act of 1933,  the  Investment  Company Act of 1940 and any amendments
and supplements  thereto,  and proxy statements or other documents in connection
thereunder, and to file the same, with all exhibits thereto, and other documents
in  connection  therewith,  with the U.S.  Securities  and Exchange  Commission,
granting unto said  attorneys-in-fact  and agents,  and each of them, full power
and  authority  to do and  perform  each and every act and thing  requisite  and
necessary to be done in and about the  premises,  as fully as to all intents and
purposes as I might or could do in person,  hereby  ratifying and confirming all
that said  attorneys-in-fact  and agents,  and each of them,  may lawfully do or
cause to be done by virtue hereof. .


Dated this 28th  day of June, 2004





/s/ Edward L. Cameron
------------------------
Edward L. Cameron


Witness:  /s/ Kathleen Ives
        _______________________________
           Kathleen Ives
           Assistant Secretary





                                                       POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that the  undersigned,  constitutes  and
appoints  Tane T.  Tyler and  Mitchell  J.  Lindauer  each as my true and lawful
attorney-in-fact  and agent, with full power of substitution and resubstitution,
for me and in my capacity as a Trustee of  Oppenheimer  Strategic  Bond  Fund/VA
(the  "Fund"),  to  sign  on my  behalf  any  and  all  Registration  Statements
(including any post-effective  amendments to Registration  Statements) under the
Securities Act of 1933,  the  Investment  Company Act of 1940 and any amendments
and supplements  thereto,  and proxy statements or other documents in connection
thereunder, and to file the same, with all exhibits thereto, and other documents
in  connection  therewith,  with the U.S.  Securities  and Exchange  Commission,
granting unto said  attorneys-in-fact  and agents,  and each of them, full power
and  authority  to do and  perform  each and every act and thing  requisite  and
necessary to be done in and about the  premises,  as fully as to all intents and
purposes as I might or could do in person,  hereby  ratifying and confirming all
that said  attorneys-in-fact  and agents,  and each of them,  may lawfully do or
cause to be done by virtue hereof. .


Dated this 28th  day of June, 2004





/s/ Jon S. Fossel
------------------------
Jon S. Fossel


Witness: /s/ Kathleen Ives
        _______________________________
           Kathleen Ives
           Assistant Secretary





                                                       POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that the  undersigned,  constitutes  and
appoints  Tane T.  Tyler and  Mitchell  J.  Lindauer  each as my true and lawful
attorney-in-fact  and agent, with full power of substitution and resubstitution,
for me and in my capacity as a Trustee of Oppenheimer Strategic Income Fund (the
"Fund"), to sign on my behalf any and all Registration Statements (including any
post-effective  amendments to Registration  Statements) under the Securities Act
of 1933, the Investment  Company Act of 1940 and any amendments and  supplements
thereto, and proxy statements or other documents in connection  thereunder,  and
to file the same, with all exhibits  thereto,  and other documents in connection
therewith, with the U.S. Securities and Exchange Commission,  granting unto said
attorneys-in-fact  and agents,  and each of them, full power and authority to do
and perform each and every act and thing  requisite  and necessary to be done in
and about the  premises,  as fully as to all intents and  purposes as I might or
could  do  in  person,   hereby   ratifying   and   confirming   all  that  said
attorneys-in-fact  and agents,  and each of them, may lawfully do or cause to be
done by virtue hereof. .


Dated this 28th  day of June, 2004





/s/ Sam Freedman
------------------------
Sam Freedman


Witness: /s/ Kathleen Ives
        _______________________________
           Kathleen Ives
           Assistant Secretary







                                                       POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that the  undersigned,  constitutes  and
appoints  Tane T.  Tyler and  Mitchell  J.  Lindauer  each as my true and lawful
attorney-in-fact  and agent, with full power of substitution and resubstitution,
for me and in my capacity as a Trustee of Oppenheimer Strategic Income Fund (the
"Fund"), to sign on my behalf any and all Registration Statements (including any
post-effective  amendments to Registration  Statements) under the Securities Act
of 1933, the Investment  Company Act of 1940 and any amendments and  supplements
thereto, and proxy statements or other documents in connection  thereunder,  and
to file the same, with all exhibits  thereto,  and other documents in connection
therewith, with the U.S. Securities and Exchange Commission,  granting unto said
attorneys-in-fact  and agents,  and each of them, full power and authority to do
and perform each and every act and thing  requisite  and necessary to be done in
and about the  premises,  as fully as to all intents and  purposes as I might or
could  do  in  person,   hereby   ratifying   and   confirming   all  that  said
attorneys-in-fact  and agents,  and each of them, may lawfully do or cause to be
done by virtue hereof. .


Dated this 28th  day of June, 2004





/s/ Beverly Hamilton
------------------------
Beverly Hamilton


Witness: /s/ Kathleen Ives
        _______________________________
           Kathleen Ives
           Assistant Secretary








                                                       POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that the  undersigned,  constitutes  and
appoints  Tane T.  Tyler and  Mitchell  J.  Lindauer  each as my true and lawful
attorney-in-fact  and agent, with full power of substitution and resubstitution,
for me and in my capacity as a Trustee of Oppenheimer Strategic Income Fund (the
"Fund"), to sign on my behalf any and all Registration Statements (including any
post-effective  amendments to Registration  Statements) under the Securities Act
of 1933, the Investment  Company Act of 1940 and any amendments and  supplements
thereto, and proxy statements or other documents in connection  thereunder,  and
to file the same, with all exhibits  thereto,  and other documents in connection
therewith, with the U.S. Securities and Exchange Commission,  granting unto said
attorneys-in-fact  and agents,  and each of them, full power and authority to do
and perform each and every act and thing  requisite  and necessary to be done in
and about the  premises,  as fully as to all intents and  purposes as I might or
could  do  in  person,   hereby   ratifying   and   confirming   all  that  said
attorneys-in-fact  and agents,  and each of them, may lawfully do or cause to be
done by virtue hereof. .


Dated this 28th  day of June, 2004





/s/ Robert J. Malone
------------------------
Robert J. Malone


Witness: /s/ Kathleen Ives
        _______________________________
           Kathleen Ives
           Assistant Secretary





                                                       POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that the  undersigned,  constitutes  and
appoints  Tane T.  Tyler and  Mitchell  J.  Lindauer  each as my true and lawful
attorney-in-fact  and agent, with full power of substitution and resubstitution,
for me and in my capacity as a Trustee of Oppenheimer Strategic Income Fund (the
"Fund"), to sign on my behalf any and all Registration Statements (including any
post-effective  amendments to Registration  Statements) under the Securities Act
of 1933, the Investment  Company Act of 1940 and any amendments and  supplements
thereto, and proxy statements or other documents in connection  thereunder,  and
to file the same, with all exhibits  thereto,  and other documents in connection
therewith, with the U.S. Securities and Exchange Commission,  granting unto said
attorneys-in-fact  and agents,  and each of them, full power and authority to do
and perform each and every act and thing  requisite  and necessary to be done in
and about the  premises,  as fully as to all intents and  purposes as I might or
could  do  in  person,   hereby   ratifying   and   confirming   all  that  said
attorneys-in-fact  and agents,  and each of them, may lawfully do or cause to be
done by virtue hereof. .


Dated this 28th  day of June, 2004





/s/ F. William Marshall
------------------------
F. William Marshall


Witness: /s/ Kathleen Ives
        _______________________________
           Kathleen Ives, Assistant Secretary









                                                       POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that the  undersigned,  constitutes  and
appoints  Tane T.  Tyler and  Mitchell  J.  Lindauer  each as my true and lawful
attorney-in-fact  and agent, with full power of substitution and resubstitution,
for me and in my  capacity  as a  Trustee,  President  and  Principal  Executive
Officer of Oppenheimer  Strategic Income Fund (the "Fund"), to sign on my behalf
any and all Registration Statements (including any post-effective  amendments to
Registration  Statements)  under  the  Securities  Act of 1933,  the  Investment
Company  Act of 1940 and any  amendments  and  supplements  thereto,  and  proxy
statements or other  documents in connection  thereunder,  and to file the same,
with all exhibits thereto, and other documents in connection therewith, with the
U.S. Securities and Exchange  Commission,  granting unto said  attorneys-in-fact
and agents,  and each of them,  full power and  authority to do and perform each
and every  act and thing  requisite  and  necessary  to be done in and about the
premises,  as fully as to all  intents  and  purposes  as I might or could do in
person,  hereby  ratifying and  confirming all that said  attorneys-in-fact  and
agents,  and each of them, may lawfully do or cause to be done by virtue hereof.
.


Dated this 28th  day of June, 2004




/s/ John V. Murphy
------------------------
John V. Murphy


Witness: /s/ Kathleen Ives
        _______________________________
           Kathleen Ives
           Assistant Secretary





                                                       POWER OF ATTORNEY


     KNOW  ALL MEN BY THESE  PRESENTS,  that the  undersigned,  constitutes  and
appoints  Tane T.  Tyler and  Mitchell  J.  Lindauer  each as my true and lawful
attorney-in-fact  and agent, with full power of substitution and resubstitution,
for me and in my capacity as a Treasurer and Principal  Financial and Accounting
Officer of Oppenheimer  Strategic Income Fund (the "Fund"), to sign on my behalf
any and all Registration Statements (including any post-effective  amendments to
Registration  Statements)  under  the  Securities  Act of 1933,  the  Investment
Company  Act of 1940 and any  amendments  and  supplements  thereto,  and  proxy
statements or other  documents in connection  thereunder,  and to file the same,
with all exhibits thereto, and other documents in connection therewith, with the
U.S. Securities and Exchange  Commission,  granting unto said  attorneys-in-fact
and agents,  and each of them,  full power and  authority to do and perform each
and every  act and thing  requisite  and  necessary  to be done in and about the
premises,  as fully as to all  intents  and  purposes  as I might or could do in
person,  hereby  ratifying and  confirming all that said  attorneys-in-fact  and
agents,  and each of them, may lawfully do or cause to be done by virtue hereof.
.


Dated this 28th  day of June, 2004





/s/ Brian W. Wixted
------------------------
Brian W. Wixted


Witness: /s/ Kathleen Ives
        _______________________________
           Kathleen Ives
           Assistant Secretary