Camshaft with beölbare by splash oil, adjustable cams

The present invention relates to an adjustable camshaft (1) for the valve gear of an internal combustion engine having an outer shaft (10) on which at least a first cam is arranged (11) and connected thereto rotationally fixed manner, and extending with a through the outer shaft (10) the inner shaft (12) is connected to the at least one second cam (13) rotationally fixed, with the with the inner shaft (12) rotationally connected to second cam (13) has a cam bore (14) and on the outer shaft (10) is rotatably mounted. According to the invention it is provided that with the inner shaft (12) rotationally connected to second cam (13) at least one oil-collecting bore (15, 16), wherein by rotation of the camshaft (1) oil spray from the installation environment of the camshaft (1) by the oil catch bore (15, 16) can be guided in the bearing gap between the outer shaft (10) and the cam hole (14).