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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>

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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>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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      <invstOrSec>
        <name>JPMorgan</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>JPMorgan</name>
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      <invstOrSec>
        <name>JPMorgan</name>
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        <name>Columbia Variable Portfolio - Small Company Growth 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>
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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>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>EURO STOXX 50 MAR 20</title>
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        <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>42101278.380000000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-421693.260000000000</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>168.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-999433.750000000000</valUSD>
        <pctVal>-0.0396140988</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>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>31517683.750000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-999433.750000000000</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>162.000000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.425009000"/>
        <valUSD>-595441.580000000000</valUSD>
        <pctVal>-0.0236012458</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>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPI 200 MAR 20</issuerName>
                <issueTitle>SPI 200 MAR 20</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="XPH0I20"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-19</expDate>
            <notionalAmt>27597153.600000000000</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>-595441.580000000000</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>-83555000.000000000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>2165085.520000000000</valUSD>
        <pctVal>0.0858165052</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>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CDS: (CDX.NA.IG.33.V1)</indexName>
                <indexIdentifier>DJIG33051</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="27851.669999999998254" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.000000000000"/>
            <otherPmntDesc fixedOrFloating="Other">CDS: (CDX.NA.IG.33.V1)</otherPmntDesc>
            <terminationDt>2024-12-20</terminationDt>
            <upfrontPmnt>1605916.730000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-83555000.000000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>587020.460000000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Columbia Variable Portfolio - Small Cap Value Fund</name>
        <lei>QFDZC6A36M07XEWD4L46</lei>
        <title>Columbia Variable Portfolio - Small Cap Value Fund</title>
        <cusip>19765R303</cusip>
        <identifiers>
          <isin value="US19765R3030"/>
          <other otherDesc="Internal Id" value="19765R303"/>
        </identifiers>
        <balance>1334326.337000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20908893.700000000000</valUSD>
        <pctVal>0.8287562631</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- LAZARD INTL EQ ADV CL1</title>
        <cusip>19765R428</cusip>
        <identifiers>
          <isin value="US19765R4285"/>
          <other otherDesc="Internal Id" value="19765R428"/>
        </identifiers>
        <balance>16476732.582000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>182397429.680000000000</valUSD>
        <pctVal>7.2296035548</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 LONG GOVT/CREDIT BD 1</title>
        <cusip>19765R444</cusip>
        <identifiers>
          <isin value="US19765R4442"/>
          <other otherDesc="Internal Id" value="19765R444"/>
        </identifiers>
        <balance>3778612.657000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41526953.100000000000</valUSD>
        <pctVal>1.6459848600</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 - AQR MANAGED FUTURES CL1</title>
        <cusip>19765R469</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19765R469"/>
        </identifiers>
        <balance>1853038.033000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13360404.220000000000</valUSD>
        <pctVal>0.5295602356</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 Variable Portfolio - Strategic Income Fund</name>
        <lei>ZF95MMD0I90TC927RI96</lei>
        <title>COLUMBIA VP STR INCOME-1</title>
        <cusip>19765R501</cusip>
        <identifiers>
          <isin value="US19765R5019"/>
          <ticker value="VCSTIAV US"/>
          <other otherDesc="Internal Id" value="19765R501"/>
        </identifiers>
        <balance>679799.335000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2902743.160000000000</valUSD>
        <pctVal>0.1150547039</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 MULTI-STRATEGY ALTS FD</title>
        <cusip>19765R519</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19765R519"/>
        </identifiers>
        <balance>1281068.881000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11555241.310000000000</valUSD>
        <pctVal>0.4580098184</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 COLUMBIA CONTRARIAN CORE</title>
        <cusip>19765R535</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19765R535"/>
        </identifiers>
        <balance>2657027.245000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71102049.080000000000</valUSD>
        <pctVal>2.8182394219</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>
    </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>
