<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen">
  <schemaVersion>X0404</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001002779</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-4</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportClass>
        <rptIncludeAllClassesFlag>true</rptIncludeAllClassesFlag>
      </reportClass>
    </seriesClass>
  </headerData>
  <formData>
    <generalInfo isReportPeriodLt12="N" reportEndingPeriod="2021-12-31"/>
    <registrantInfo>
      <registrantFullName>VARIABLE ANNUITY ACCOUNT FIVE</registrantFullName>
      <investmentCompFileNo>811-07727</investmentCompFileNo>
      <registrantCik>0001002779</registrantCik>
      <registrantLei>549300G27YWUZDFBM222</registrantLei>
      <registrantstreet1>2727-A Allen Parkway</registrantstreet1>
      <registrantcity>Houston</registrantcity>
      <registrantzipCode>77019-2191</registrantzipCode>
      <registrantstate>US-TX</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>713-522-1111</registrantphoneNumber>
      <websites>
        <website webpage="aig.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Christopher P. Filiaggi</officeName>
          <officeAddress1>2727-A Allen Parkway</officeAddress1>
          <officeCity>Houston</officeCity>
          <officeStateCountry officeState="US-TX" officeCountry="US"/>
          <officeRecordsZipCode>77019-2191</officeRecordsZipCode>
          <officePhone>212-770-2022</officePhone>
          <booksRecordsDesc>Financial Statements, Quarterly Statutory Filings, Annual Statements</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="American International Group, Inc. registered separate accounts"/>
      <registrantClassificationType>N-4</registrantClassificationType>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Kyle L. Jennings</ccoName>
          <crdNumber>N/A</crdNumber>
          <ccoStreet1>2919 Allen Parkway</ccoStreet1>
          <ccoCity>Houston</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-TX"/>
          <ccoZipCode>77019-2191</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerId="N/A" ccoEmployerName="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <isExemptionFromAct>N</isExemptionFromAct>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>AIG Capital Services, Inc.</principalUnderwriterName>
          <principalUnderwriterFileNumber>008-28733</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>N/A</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-CA"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>PricewaterhouseCoopers LLP</publicAccountantName>
          <pcaobNumber>N/A</pcaobNumber>
          <publicAccountantLei>N/A</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantState="US-TX" publicAccountantCountry="US"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
    </registrantInfo>
    <unitInvestmentTrust>
      <depositors>
        <depositor>
          <depositorName>American General Life Insurance Company</depositorName>
          <depositorCrdNo>N/A</depositorCrdNo>
          <depositorLei>5493001UN8SKZSBTO547</depositorLei>
          <depositorStateCountry depositorState="US-TX" depositorCountry="US"/>
          <depositorUltimateParentname>American International Group, Inc.</depositorUltimateParentname>
        </depositor>
      </depositors>
      <isUitAdminHiredTerminated>N</isUitAdminHiredTerminated>
      <registrantSeparateInsuranceAccount separateAccountSeriesId="S000010553" isRegistrantSeparateInsuranceAccount="Y"/>
      <numOfContracts>14142</numOfContracts>
      <contractSecurities>
        <contractSecurity grossPremiumReceived="0" separateAccountTotalAsset="36035225.81" contractValueRedeemedSection1035="0" separateAccountSecurityName="Seasons" contractValueRedeemed="2972643.31" numContractsAffectedRedeemed="0" separateAccountContractId="C000124726" numContractsAffected="0" grossPremiumReceivedSection1035="0" numContractsSold="0"/>
        <contractSecurity grossPremiumReceived="0" separateAccountTotalAsset="17470760.55" contractValueRedeemedSection1035="91601.49" separateAccountSecurityName="Seasons Advantage" contractValueRedeemed="1540080.61" numContractsAffectedRedeemed="2" separateAccountContractId="C000124689" numContractsAffected="0" grossPremiumReceivedSection1035="0" numContractsSold="0"/>
        <contractSecurity grossPremiumReceived="0" separateAccountTotalAsset="9757161.47" contractValueRedeemedSection1035="136234.05" separateAccountSecurityName="Seasons Advisor (G)" contractValueRedeemed="323436.50" numContractsAffectedRedeemed="1" separateAccountContractId="C000124712" numContractsAffected="0" grossPremiumReceivedSection1035="0" numContractsSold="0"/>
        <contractSecurity grossPremiumReceived="4500.00" separateAccountTotalAsset="7894366.66" contractValueRedeemedSection1035="24789.92" separateAccountSecurityName="Seasons Advisor II (G)" contractValueRedeemed="233914.73" numContractsAffectedRedeemed="0" separateAccountContractId="C000124715" numContractsAffected="0" grossPremiumReceivedSection1035="0" numContractsSold="0"/>
        <contractSecurity grossPremiumReceived="4500.00" separateAccountTotalAsset="7894366.66" contractValueRedeemedSection1035="24789.93" separateAccountSecurityName="Seasons Advisor II" contractValueRedeemed="233914.74" numContractsAffectedRedeemed="1" separateAccountContractId="C000124698" numContractsAffected="0" grossPremiumReceivedSection1035="0" numContractsSold="0"/>
        <contractSecurity grossPremiumReceived="0" separateAccountTotalAsset="6635908.81" contractValueRedeemedSection1035="0" separateAccountSecurityName="Seasons Advisor III" contractValueRedeemed="380949.84" numContractsAffectedRedeemed="0" separateAccountContractId="C000124691" numContractsAffected="0" grossPremiumReceivedSection1035="0" numContractsSold="0"/>
        <contractSecurity grossPremiumReceived="20338.50" separateAccountTotalAsset="105124266.29" contractValueRedeemedSection1035="4347224.68" separateAccountSecurityName="Seasons Elite (G)" contractValueRedeemed="14387340.33" numContractsAffectedRedeemed="7" separateAccountContractId="C000124721" numContractsAffected="0" grossPremiumReceivedSection1035="0" numContractsSold="0"/>
        <contractSecurity grossPremiumReceived="20338.50" separateAccountTotalAsset="105124266.29" contractValueRedeemedSection1035="4347224.68" separateAccountSecurityName="Seasons Elite" contractValueRedeemed="14387340.33" numContractsAffectedRedeemed="7" separateAccountContractId="C000124693" numContractsAffected="0" grossPremiumReceivedSection1035="0" numContractsSold="0"/>
        <contractSecurity grossPremiumReceived="5337587.42" separateAccountTotalAsset="31913451.44" contractValueRedeemedSection1035="0" separateAccountSecurityName="Seasons Preferred Solution (G)" contractValueRedeemed="6459749.23" numContractsAffectedRedeemed="0" separateAccountContractId="C000124724" numContractsAffected="23" grossPremiumReceivedSection1035="5337587.42" numContractsSold="33"/>
        <contractSecurity grossPremiumReceived="5337587.42" separateAccountTotalAsset="31913451.44" contractValueRedeemedSection1035="0" separateAccountSecurityName="Seasons Preferred Solution" contractValueRedeemed="6459749.23" numContractsAffectedRedeemed="0" separateAccountContractId="C000124696" numContractsAffected="24" grossPremiumReceivedSection1035="5337587.42" numContractsSold="33"/>
        <contractSecurity grossPremiumReceived="0" separateAccountTotalAsset="48966953.08" contractValueRedeemedSection1035="576909.02" separateAccountSecurityName="Seasons Select (G)" contractValueRedeemed="2969710.17" numContractsAffectedRedeemed="3" separateAccountContractId="C000124717" numContractsAffected="0" grossPremiumReceivedSection1035="0" numContractsSold="0"/>
        <contractSecurity grossPremiumReceived="52000.00" separateAccountTotalAsset="520981921.40" contractValueRedeemedSection1035="6123904.61" separateAccountSecurityName="Seasons Select II" contractValueRedeemed="53577201.84" numContractsAffectedRedeemed="34" separateAccountContractId="C000124657" numContractsAffected="0" grossPremiumReceivedSection1035="0" numContractsSold="0"/>
        <contractSecurity grossPremiumReceived="0" separateAccountTotalAsset="114966237.15" contractValueRedeemedSection1035="1034041.11" separateAccountSecurityName="Seasons Triple Elite" contractValueRedeemed="11895578.08" numContractsAffectedRedeemed="10" separateAccountContractId="C000124720" numContractsAffected="0" grossPremiumReceivedSection1035="0" numContractsSold="0"/>
        <contractSecurity grossPremiumReceived="2200.00" separateAccountTotalAsset="350739920.61" contractValueRedeemedSection1035="4093402.32" separateAccountSecurityName="Seasons Select II Rewards (G)" contractValueRedeemed="26701877.07" numContractsAffectedRedeemed="20" separateAccountContractId="C000124678" numContractsAffected="1" grossPremiumReceivedSection1035="50.00" numContractsSold="0"/>
      </contractSecurities>
      <isRule6C7Reliance>N</isRule6C7Reliance>
      <isRule11A2Reliance>Y</isRule11A2Reliance>
      <isRule12D1Dash4Reliance>N</isRule12D1Dash4Reliance>
      <isRule12D1GReliance>N</isRule12D1GReliance>
    </unitInvestmentTrust>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>false</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="VARIABLE ANNUITY ACCOUNT FIVE" signature="Christopher P. Filiaggi" signedDate="2022-03-14" title="Senior Vice President and Life Controller"/>
  </formData>
</edgarSubmission>
