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      <regCity>Des Moines</regCity>
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      <regZipOrPostalCode>50309</regZipOrPostalCode>
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    <invstOrSecs>
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        <title>MidCap S&amp;P 400 Index Fund</title>
        <cusip>74256W576</cusip>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <title>International Equity Index Fund</title>
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        <units>NS</units>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Bond Market Index Account</name>
        <lei>N/A</lei>
        <title>Bond Market Index Account</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>80684180.05400000</balance>
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        <curCd>USD</curCd>
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        <pctVal>35.78104633080</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <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"/>
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        <balance>39580458.84400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>949931012.26000100</valUSD>
        <pctVal>44.48429720782</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>SmallCap S&amp;P 600 Index Fund</name>
        <lei>549300B1ZF0B4X7VPP69</lei>
        <title>SmallCap S&amp;P 600 Index Fund</title>
        <cusip>74256W543</cusip>
        <identifiers>
          <ticker value="PSPIX"/>
        </identifiers>
        <balance>4487790.57500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104924543.64000100</valUSD>
        <pctVal>4.913509005851</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>
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      </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"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Principal Variable Contract Funds, Inc</ncom:nameOfApplicant>
      <ncom:signature>Megan Hoffmann</ncom:signature>
      <ncom:signerName>/s/ Megan Hoffmann</ncom:signerName>
      <ncom:title>Vice President and Controller</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
