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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <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>808860.38701100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9860008.12000000</valUSD>
        <pctVal>10.85640810271</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>BrandywineGLOBAL - Dynamic US Large Cap Value Fund</name>
        <lei>549300K6UVZPOA4OFV57</lei>
        <title>BrandywineGLOBAL - Dynamic US Large Cap Value Fund</title>
        <cusip>52471E647</cusip>
        <identifiers>
          <isin value="US52471E6471"/>
          <ticker value="LMBGX"/>
        </identifiers>
        <balance>1019874.92016600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12636250.26000000</valUSD>
        <pctVal>13.91320250866</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>361844.78366000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9462241.09000000</valUSD>
        <pctVal>10.41844485208</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>
