A two-step finger follower rocker arm assembly including a follower body having a socket at a first end for engaging a hydraulic lash adjuster and a pad at an opposite end for engaging a valve stem. A passage through the follower body in the direction of actuation by an engine cam lobe is slidingly receivable of a slider member for variably engaging a central cam lobe, preferably a high-lift lobe. An elongate shaft extends through a transverse bore in the slider member and through a slotted passage in the slider member. In the follower body, the shaft is provided with bearings supporting first and second lateral roller followers on opposite sides of the body for variably engaging first and second preferably low-lift lateral cam lobes flanking the central cam lobe. A lost-motion spring urges the slider member into contact with the central lobe. A latch member driven by a piston selectively locks the slider member to the follower body such that the follower follows the motion of the central cam lobe. When the latch member is disengaged from the slider member, the member slides within the follower body, allowing the lateral rollers to engage and follow the lateral cam lobes. Preferably, the latching mechanism is provided as a pre-assembled cartridge unit.