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      <regCik>0001413032</regCik>
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      <regStreet1>225 Franklin St.</regStreet1>
      <regCity>Boston</regCity>
      <regStateConditional regCountry="US" regState="US-MA"/>
      <regZipOrPostalCode>02110</regZipOrPostalCode>
      <regPhone>800-345-6611</regPhone>
      <seriesName>Variable Portfolio - Moderately Conservative Portfolio</seriesName>
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      <seriesLei>549300X0TYMEWB77DZ35</seriesLei>
      <repPdEnd>2019-12-31</repPdEnd>
      <repPdDate>2019-12-31</repPdDate>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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        <name>COLUMBIA FUNDS/USA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
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        <title>COLUMBIA VP-PART SM CAP VAL FD CL</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
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        <curCd>USD</curCd>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>JPMorgan</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>US 5YR NOTE MAR 20</title>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
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      <invstOrSec>
        <name>JPMorgan</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
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      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
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          <ticker value="USH0"/>
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        <name>JPMorgan</name>
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        <name>JPMorgan</name>
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      <invstOrSec>
        <name>JPMorgan</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan</name>
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      <invstOrSec>
        <name>Morgan Stanley</name>
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        <name>Columbia Variable Portfolio - Small Company Growth Fund</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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        <name>COLUMBIA FUNDS/USA</name>
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        <fairValLevel>N/A</fairValLevel>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>Columbia Variable Portfolio - Overseas Core Fund</name>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>COLUMBIA FUNDS/USA</name>
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        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>COLUMBIA VP INC OPP FD -</title>
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        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>COLUMBIA VP DISCIPLINED CORE FD -1</title>
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        <fairValLevel>N/A</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>COLUMBIA VP DVDND OPPRT-1</title>
        <cusip>19766E848</cusip>
        <identifiers>
          <isin value="US19766E8488"/>
          <other otherDesc="Internal Id" value="19766E848"/>
        </identifiers>
        <balance>912853.411000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27011332.430000000000</valUSD>
        <pctVal>0.8915151950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>COLUMBIA VP - INTER BD FD CLASS 1</title>
        <cusip>19766E871</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766E871"/>
        </identifiers>
        <balance>34037781.138000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>362842746.930000000000</valUSD>
        <pctVal>11.9757077190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>COLUMBIA SHORT TERM CASH FUND</title>
        <cusip>19766H239</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766H239"/>
        </identifiers>
        <balance>112224329.031000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>112213106.600000000000</valUSD>
        <pctVal>3.7036192077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-01-23</ncom:dateSigned>
      <ncom:nameOfApplicant>Columbia Funds Variable Series Trust II</ncom:nameOfApplicant>
      <ncom:signature>Martha Skinner</ncom:signature>
      <ncom:signerName>Martha Skinner</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
