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        <identifiers>
          <other otherDesc="Internal Identifier" value="742969223"/>
          <other otherDesc="Internal Identifier" value="742969223"/>
        </identifiers>
        <balance>6964327.62500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79184405.10000000</valUSD>
        <pctVal>50.21025632890</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>LargeCap S&amp;P 500 Index Account</name>
        <lei>N/A</lei>
        <title>LargeCap S&amp;P 500 Index Account</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="742969751"/>
          <other otherDesc="Internal Identifier" value="742969751"/>
        </identifiers>
        <balance>1199863.53200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23445333.42000000</valUSD>
        <pctVal>14.86651568889</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="Returns shown in Item B.5.a have been calculated without deducting any applicable sales loads or redemption fees" noteItem="B.5.a"/>
      <explntrNote note="Not applicable for derivative asset types" noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-08-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Principal Variable Contract Funds, Inc</ncom:nameOfApplicant>
      <ncom:signature>Sara Reece</ncom:signature>
      <ncom:signerName>/s/ Sara Reece</ncom:signerName>
      <ncom:title>Vice President and Controller</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
