Simultaneous multislice EPI is a popular acquisition method for high-temporal-resolution fMRI. However, at high acceleration factors, significant noise amplification could occur that can hinder the detection of activation. Using the Virtual Conjugate Coil concept, the g-factors of such measurements can be reduced. In this work we investigate the potential statistical improvement of using Virtual Conjugate Coil reconstruction in simultaneous multislice fMRI. Our results show that using Virtual Conjugate Coil reconstruction, first-level and group-level t-values, as well as first-level effect sizes and temporal signal-to-noise ratio are increased.