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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QS US Small Cap Equity Fund</name>
        <lei>N/A</lei>
        <title>QS US Small Cap Equity Fund</title>
        <cusip>524686391</cusip>
        <identifiers>
          <isin value="US5246863915"/>
          <ticker value="LMBMX"/>
        </identifiers>
        <balance>1347508.20819000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16426125.06000000</valUSD>
        <pctVal>16.76800494659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ClearBridge Large Cap Growth Fund</name>
        <lei>549300PO07BEBIPVM094</lei>
        <title>ClearBridge Large Cap Growth Fund</title>
        <cusip>52469H255</cusip>
        <identifiers>
          <isin value="US52469H2554"/>
          <ticker value="LSITX"/>
        </identifiers>
        <balance>180160.36973800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9847565.81000000</valUSD>
        <pctVal>10.05252496318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Western Asset Intermediate Bond Fund</name>
        <lei>549300NZV8UE1KQUNO03</lei>
        <title>Western Asset Intermediate Bond Fund</title>
        <cusip>957663610</cusip>
        <identifiers>
          <isin value="US9576636107"/>
          <ticker value="WABSX"/>
        </identifiers>
        <balance>573718.05918900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6402693.54000000</valUSD>
        <pctVal>6.535953948852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ClearBridge Appreciation Fund</name>
        <lei>549300ZFR48NDB3HQ435</lei>
        <title>ClearBridge Appreciation Fund</title>
        <cusip>52468E709</cusip>
        <identifiers>
          <isin value="US52468E7094"/>
          <ticker value="LMESX"/>
        </identifiers>
        <balance>313589.02158600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8200352.91000000</valUSD>
        <pctVal>8.371028325697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-02-25</ncom:dateSigned>
      <ncom:nameOfApplicant>Legg Mason Partners Variable Equity Trust</ncom:nameOfApplicant>
      <ncom:signature>Christopher Berarducci</ncom:signature>
      <ncom:signerName>Christopher Berarducci</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
