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      <regStateConditional regCountry="US" regState="US-MA"/>
      <regZipOrPostalCode>02110</regZipOrPostalCode>
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      <seriesName>Variable Portfolio - Moderately Aggressive Portfolio</seriesName>
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      <repPdEnd>2019-12-31</repPdEnd>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>COLUMBIA VP INC OPP FD -</title>
        <cusip>19766E673</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766E673"/>
        </identifiers>
        <balance>2634843.478000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20130204.170000000000</valUSD>
        <pctVal>0.2589928587</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>VP - PARTNERS CORE BD FD CL1</title>
        <cusip>19766E129</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766E129"/>
        </identifiers>
        <balance>32004041.736000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>356845065.360000000000</valUSD>
        <pctVal>4.5911269848</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>CTIVP - OPPENHEIMER INTL GRTH CL1</title>
        <cusip>19766E145</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766E145"/>
        </identifiers>
        <balance>12864471.106000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>147426838.870000000000</valUSD>
        <pctVal>1.8967765115</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>CTIVP-VICTORY SYCAMORE EST VAL CL1</title>
        <cusip>19766E178</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766E178"/>
        </identifiers>
        <balance>2423369.122000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73476551.780000000000</valUSD>
        <pctVal>0.9453407441</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>CTIVP-MFS BLENDED RESEARCH EQ CL1</title>
        <cusip>19766E236</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766E236"/>
        </identifiers>
        <balance>10306977.052000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>245821402.690000000000</valUSD>
        <pctVal>3.1627094918</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>CTIVP - LOOMIS SAYLES GRTH FD CL1</title>
        <cusip>19766E277</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766E277"/>
        </identifiers>
        <balance>10032617.534000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>376724788.400000000000</valUSD>
        <pctVal>4.8468971824</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>CTIVP - AMER CENT DIVERSE BD CLS 1</title>
        <cusip>19766E293</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766E293"/>
        </identifiers>
        <balance>35427460.140000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>390056336.140000000000</valUSD>
        <pctVal>5.0184193205</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 DISCIPLINED CORE FD -1</title>
        <cusip>19766E814</cusip>
        <identifiers>
          <isin value="US19766E8140"/>
          <other otherDesc="Internal Id" value="19766E814"/>
        </identifiers>
        <balance>7602207.531000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>444805162.640000000000</valUSD>
        <pctVal>5.7228113358</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>48904416.344000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>521321078.230000000000</valUSD>
        <pctVal>6.7072561802</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>CTIVP - DFA INTL VALUE CLS 1</title>
        <cusip>19766E327</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766E327"/>
        </identifiers>
        <balance>15116035.743000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>146776707.060000000000</valUSD>
        <pctVal>1.8884119915</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>301389428.989000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>301359290.040000000000</valUSD>
        <pctVal>3.8772534720</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>
      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>CTIVP - WESTFIELD MID CAP GRTH CL1</title>
        <cusip>19766L107</cusip>
        <identifiers>
          <isin value="US19766L1070"/>
          <other otherDesc="Internal Id" value="19766L107"/>
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        <balance>2289744.258000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73683970.220000000000</valUSD>
        <pctVal>0.9480093656</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>CTIVP - MFS VALUE FUND CL1</title>
        <cusip>19766L305</cusip>
        <identifiers>
          <isin value="US19766L3050"/>
          <other otherDesc="Internal Id" value="19766L305"/>
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        <balance>2000236.352000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58326892.020000000000</valUSD>
        <pctVal>0.7504269889</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 SEL LARGE CAP EQ FD 1</title>
        <cusip>19766L495</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766L495"/>
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        <balance>25628914.505000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>304727793.460000000000</valUSD>
        <pctVal>3.9205922440</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-COMMODITY STRATEGY FD</title>
        <cusip>19766L545</cusip>
        <identifiers>
          <isin value="US19766L5451"/>
          <other otherDesc="Internal Id" value="19766L545"/>
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        <balance>21584399.096000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119793414.980000000000</valUSD>
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        <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>C. VP EMERGING MARKETS BOND</title>
        <cusip>19766L586</cusip>
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          <isin value="US19766L5865"/>
          <other otherDesc="Internal Id" value="19766L586"/>
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        <balance>2421637.193000000000</balance>
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        <curCd>USD</curCd>
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        <pctVal>0.2997255458</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>
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      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>CTIVP - MORGAN STANLEY ADV FD CL1</title>
        <cusip>19766L610</cusip>
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          <isin value="US19766L6103"/>
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        <curCd>USD</curCd>
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        <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>
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      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>CTIVP - WF SHORT DUR GOV CL1</title>
        <cusip>19766L636</cusip>
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          <other otherDesc="Internal Id" value="19766L636"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <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>VP-COL WGR US EQ-CLS 1</title>
        <cusip>19766L651</cusip>
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          <isin value="US19766L6517"/>
          <other otherDesc="Internal Id" value="19766L651"/>
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        <balance>1615883.266000000000</balance>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>COLUMBIA VP  WANGER INTL EQ</title>
        <cusip>19766L677</cusip>
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          <isin value="US19766L6772"/>
          <other otherDesc="Internal Id" value="19766L677"/>
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        <balance>5231949.059000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>CTIVP - LA CAP LARGE CAP GRTH CL1</title>
        <cusip>19766L693</cusip>
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          <isin value="US19766L6939"/>
          <other otherDesc="Internal Id" value="19766L693"/>
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        <balance>10802131.837000000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA FUNDS/USA</name>
        <lei>N/A</lei>
        <title>CTIVPSM AQR INT CORE EQ FD CL1</title>
        <cusip>19766L727</cusip>
        <identifiers>
          <isin value="US19766L7275"/>
          <other otherDesc="Internal Id" value="19766L727"/>
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        <balance>37859267.383000000000</balance>
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        <curCd>USD</curCd>
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        <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>CTIVP - TCW CORE PLUS BOND FD CL1</title>
        <cusip>19766L743</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766L743"/>
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        <balance>19967242.151000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>219839336.080000000000</valUSD>
        <pctVal>2.8284272536</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-PART SM CAP VAL FD CL</title>
        <cusip>19766L776</cusip>
        <identifiers>
          <isin value="US19766L7762"/>
          <other otherDesc="Internal Id" value="19766L776"/>
        </identifiers>
        <balance>2418658.642000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70237846.960000000000</valUSD>
        <pctVal>0.9036719457</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>VP - PARTNERS SM CAP GR</title>
        <cusip>19766L792</cusip>
        <identifiers>
          <isin value="US19766L7929"/>
          <other otherDesc="Internal Id" value="19766L792"/>
        </identifiers>
        <balance>2649571.243000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>67246118.150000000000</valUSD>
        <pctVal>0.8651807118</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>CTIVP - T ROWE LRG CAP VAL CL1</title>
        <cusip>19766L826</cusip>
        <identifiers>
          <isin value="US19766L8265"/>
          <other otherDesc="Internal Id" value="19766L826"/>
        </identifiers>
        <balance>14558408.913000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>381284729.430000000000</valUSD>
        <pctVal>4.9055648518</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>CTIVP - CENTERSQUARE REAL ES CL1</title>
        <cusip>19766L842</cusip>
        <identifiers>
          <isin value="US19766L8422"/>
          <other otherDesc="Internal Id" value="19766L842"/>
        </identifiers>
        <balance>15790290.180000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>155534358.270000000000</valUSD>
        <pctVal>2.0010869103</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>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>S&amp;P500 EMINI MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="ESH0"/>
          <other otherDesc="Internal Id" value="ESH0I20"/>
        </identifiers>
        <balance>-436.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1816500.560000000000</valUSD>
        <pctVal>-0.0233708843</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>S&amp;P500 EMINI MAR 20</issuerName>
                <issueTitle>S&amp;P500 EMINI MAR 20</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="ESH0I20"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>-68621479.440000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1816500.560000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>MSCI EMER MKT INDEX (ICE) MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="MESH0"/>
          <other otherDesc="Internal Id" value="MESH0I20"/>
        </identifiers>
        <balance>-1448.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2716240.690000000000</valUSD>
        <pctVal>-0.0349468359</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MSCI EMER MKT INDEX (ICE) MAR 20</issuerName>
                <issueTitle>MSCI EMER MKT INDEX (ICE) MAR 20</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="MESH0I20"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>-78386239.310000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-2716240.690000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>TOPIX INDEX MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="TPH0"/>
          <other otherDesc="Internal Id" value="TPH0I20"/>
        </identifiers>
        <balance>-268.000000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655000000"/>
        <valUSD>-21675.850000000000</valUSD>
        <pctVal>-0.0002788790</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TOPIX INDEX MAR 20</issuerName>
                <issueTitle>TOPIX INDEX MAR 20</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="TPH0I20"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-13</expDate>
            <notionalAmt>-4609600000.000000000000</notionalAmt>
            <curCd>JPY</curCd>
            <unrealizedAppr>-21675.850000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>US 2YR NOTE MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="TUH0"/>
          <other otherDesc="Internal Id" value="TUH0C20"/>
        </identifiers>
        <balance>-262.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>22017.960000000000</valUSD>
        <pctVal>0.0002832805</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US 2YR NOTE MAR 20</issuerName>
                <issueTitle>US 2YR NOTE MAR 20</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="TUH0C20"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-31</expDate>
            <notionalAmt>-56483017.960000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>22017.960000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>EURO STOXX 50 MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000C174QX9"/>
          <ticker value="VGH0"/>
          <other otherDesc="Internal Id" value="VGH0I20"/>
        </identifiers>
        <balance>2928.000000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.891504000"/>
        <valUSD>-1103411.870000000000</valUSD>
        <pctVal>-0.0141963684</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EURO STOXX 50 MAR 20</issuerName>
                <issueTitle>EURO STOXX 50 MAR 20</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="VGH0I20"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>110163130.560000000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-1103411.870000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>US ULTRA T-BOND MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="WNH0"/>
          <other otherDesc="Internal Id" value="WNH0C20"/>
        </identifiers>
        <balance>1023.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5849323.980000000000</valUSD>
        <pctVal>-0.0752567200</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>US ULTRA T-BOND MAR 20</issuerName>
                <issueTitle>US ULTRA T-BOND MAR 20</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="WNH0C20"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>191683667.730000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-5849323.980000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>SPI 200 MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="XPH0"/>
          <other otherDesc="Internal Id" value="XPH0I20"/>
        </identifiers>
        <balance>370.000000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.425009000"/>
        <valUSD>-1359959.150000000000</valUSD>
        <pctVal>-0.0174970758</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPI 200 MAR 20</issuerName>
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                  <cusip value="000000000"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-19</expDate>
            <notionalAmt>63030536.000000000000</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>-1359959.150000000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>FTSE 100 INDEX MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00F7D1RN68"/>
          <ticker value="Z H0"/>
          <other otherDesc="Internal Id" value="Z H0I20"/>
        </identifiers>
        <balance>-121.000000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.754945000"/>
        <valUSD>-36172.240000000000</valUSD>
        <pctVal>-0.0004653878</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>JPMorgan</counterpartyName>
              <counterpartyLei>ZBUT11V806EZRVTWT807</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FTSE 100 INDEX MAR 20</issuerName>
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                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="Z H0I20"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>-9044577.080000000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>-36172.240000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>ICE: (CDX.NA.IG.33.V1)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="Z91ZBY520"/>
        </identifiers>
        <balance>-340775000.000000000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>8830195.880000000000</valUSD>
        <pctVal>0.1136082701</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Morgan Stanley</counterpartyName>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CDS: (CDX.NA.IG.33.V1)</indexName>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="113591.669999999983702" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000000000"/>
            <otherPmntDesc fixedOrFloating="Other">CDS: (CDX.NA.IG.33.V1)</otherPmntDesc>
            <terminationDt>2024-12-20</terminationDt>
            <upfrontPmnt>6549657.350000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-340775000.000000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>2394130.200000000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <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>
