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    <isConfidential>false</isConfidential>
    <filerInfo>

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          <ccc>XXXXXXXX</ccc>
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        <classId>C000209986</classId>
        <classId>C000087806</classId>
        <classId>C000087807</classId>
      </seriesClassInfo>


    </filerInfo>
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      <regFileNumber>811-22127</regFileNumber>
      <regCik>0001413032</regCik>
      <regLei>54930017CSZ4UCL7G406</regLei>
      <regStreet1>290 Congress Street</regStreet1>
      <regCity>Boston</regCity>
      <regStateConditional regCountry="US" regState="US-MA"/>
      <regZipOrPostalCode>02110</regZipOrPostalCode>
      <regPhone>800-345-6611</regPhone>
      <seriesName>Variable Portfolio - Moderately Aggressive Portfolio</seriesName>
      <seriesId>S000028694</seriesId>
      <seriesLei>5493001KD60VW1FP4Y71</seriesLei>
      <repPdEnd>2022-12-31</repPdEnd>
      <repPdDate>2022-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>1880946.700000000000</totLiabs>
      <netAssets>5656045546.430000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
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        <monthlyReturnCats>
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          <indexIdentifier>RSLHAGUSD</indexIdentifier>

        </fundsDesignatedInfo>

      </varInfo>
    </fundInfo>
    <invstOrSecs>
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        <name>Columbia Variable Portfolio - Small Cap Value Fund</name>
        <lei>QFDZC6A36M07XEWD4L46</lei>
        <title>Columbia Variable Portfolio - Small Cap Value Fund</title>
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        <identifiers>
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          <other otherDesc="Internal Id" value="19765R303"/>
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        <units>NS</units>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
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        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA CONTRARIAN CORE CL I MF</name>
        <lei>N/A</lei>
        <title>VP COLUMBIA CONTRARIAN CORE</title>
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        <identifiers>
          <other otherDesc="Internal Id" value="19765R535"/>
        </identifiers>
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      </invstOrSec>
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        <fairValLevel>N/A</fairValLevel>
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      </invstOrSec>
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        <fairValLevel>N/A</fairValLevel>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
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        <identifiers>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
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        </securityLending>
      </invstOrSec>
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        <name>CTIVP - LOOMIS SAYLES GRTH FD CL1</name>
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        <isRestrictedSec>N</isRestrictedSec>

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

        <fairValLevel>N/A</fairValLevel>
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      </invstOrSec>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA VP EMERGING MARKETS FUN</name>
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          <other otherDesc="Internal Id" value="19766E376"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA VP OVERSEAS CORE-1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA VP SEL LARGE CAP VAL CL 1</name>
        <lei>N/A</lei>
        <title>COLUMBIA VP SEL LG CAP VAL FD CLS</title>
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        <identifiers>
          <other otherDesc="Internal Id" value="19766E475"/>
        </identifiers>
        <balance>5868844.910000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Columbia Variable Portfolio - Large Cap Growth Fund</name>
        <lei>N/A</lei>
        <title>COLUMBIA VP LG CAP GRTH FD CLS 1</title>
        <cusip>19766E517</cusip>
        <identifiers>
          <isin value="US19766E5179"/>
          <ticker value="CVPLCG1"/>
          <other otherDesc="Internal Id" value="19766E517"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Columbia VP - US Government Mortgage Fund</name>
        <lei>N/A</lei>
        <title>COLUMBIA VP US GOVT MORTGAGE</title>
        <cusip>19766E541</cusip>
        <identifiers>
          <isin value="US19766E5419"/>
          <ticker value="RIVSDUS"/>
          <other otherDesc="Internal Id" value="19766E541"/>
        </identifiers>
        <balance>10138363.034000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88102374.770000000000</valUSD>
        <pctVal>1.5576673499</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 VP LTD DUR BD- C</name>
        <lei>N/A</lei>
        <title>COLUMBIA VP LTD DUR BD- C</title>
        <cusip>19766E640</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766E640"/>
        </identifiers>
        <balance>9013526.266000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>82654035.860000000000</valUSD>
        <pctVal>1.4613396441</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 VP DISCIPLINED CORE FD-1</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>2372781.562000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>170935183.730000000000</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 VP INTERMED BOND FD CL 1</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>45917790.589000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>379740128.170000000000</valUSD>
        <pctVal>6.7138803083</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 SHORT TERM CASH FUND</name>
        <lei>N/A</lei>
        <title>COLUMBIA SHORT TERM CASH FUND</title>
        <cusip>19766H239</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="19766H239"/>
        </identifiers>
        <balance>318810819.374000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>318715176.130000000000</valUSD>
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        <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>CTIVP - WESTFIELD MID CAP GRTH CL1</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>1187303.714000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42303631.330000000000</valUSD>
        <pctVal>0.7479365395</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>Variable Portfolio-MFS Value Fund</name>
        <lei>N/A</lei>
        <title>CTIVP - MFS VALUE FUND CL1</title>
        <cusip>19766L305</cusip>
        <identifiers>
          <isin value="US19766L3050"/>
          <ticker value="RSVPMVF"/>
          <other otherDesc="Internal Id" value="19766L305"/>
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        <balance>6665014.711000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>237074573.270000000000</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 VP SEL LARGE CAP EQ FD 1</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>23055448.545000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>341451192.950000000000</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 VP COMMODITY STRATEGY 1</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"/>
        </identifiers>
        <balance>3955470.901000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20212456.300000000000</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 VP EM BOND FUND-1</name>
        <lei>N/A</lei>
        <title>C. VP EMERGING MARKETS BOND</title>
        <cusip>19766L586</cusip>
        <identifiers>
          <isin value="US19766L5865"/>
          <other otherDesc="Internal Id" value="19766L586"/>
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        <balance>4014486.013000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30188934.820000000000</valUSD>
        <pctVal>0.5337463175</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>CTIVP - MORGAN STANLEY ADV FD CL1</name>
        <lei>N/A</lei>
        <title>CTIVP - MORGAN STANLEY ADV FD CL1</title>
        <cusip>19766L610</cusip>
        <identifiers>
          <isin value="US19766L6103"/>
          <other otherDesc="Internal Id" value="19766L610"/>
        </identifiers>
        <balance>4334122.089000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>153254557.070000000000</valUSD>
        <pctVal>2.7095707736</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>VP - PARTNERS INTL CORE EQUITY FD CL1</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"/>
        </identifiers>
        <balance>26671992.429000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>234713533.380000000000</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>CTIVP - TCW CORE PLUS BOND FD CL1</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>25949338.304000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>236398471.950000000000</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>VP - PARTNERS SMALL CAP VALUE-1</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>769609.001000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25158518.240000000000</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>VP - PARTNERS SM CAP GR</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>1541782.400000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41766885.220000000000</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>CTIVP - T ROWE LRG CAP VAL CL1</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"/>
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        <balance>7273049.520000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>232883045.630000000000</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>CTIVP - CENTERSQUARE REAL ES CL1</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"/>
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        <balance>7534044.580000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45957671.940000000000</valUSD>
        <pctVal>0.8125406976</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>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>S&amp;P500 EMINI MAR 23</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="ESH3"/>
          <other otherDesc="Internal Id" value="ESH3I23"/>
        </identifiers>
        <balance>-102.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>547232.040000000000</valUSD>
        <pctVal>0.0096751703</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>
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            <payOffProf>Short</payOffProf>
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                <issuerName>S&amp;P500 EMINI MAR 23</issuerName>
                <issueTitle>S&amp;P500 EMINI MAR 23</issueTitle>
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                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="ESH3I23"/>
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            </descRefInstrmnt>
            <expDate>2023-03-17</expDate>
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            <unrealizedAppr>547232.040000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>MSCI EAFE INDEX MAR 23</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="MFSH3"/>
          <other otherDesc="Internal Id" value="MFSH3I23"/>
        </identifiers>
        <balance>177.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-300032.700000000000</valUSD>
        <pctVal>-0.0053046373</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>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MSCI EAFE INDEX MAR 23</issuerName>
                <issueTitle>MSCI EAFE INDEX MAR 23</issueTitle>
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                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="MFSH3I23"/>
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            </descRefInstrmnt>
            <expDate>2023-03-17</expDate>
            <notionalAmt>17552222.700000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-300032.700000000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>RUSSELL 2000 EMINI CME MAR 23</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="RTYH3"/>
          <other otherDesc="Internal Id" value="RTYH3I23"/>
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        <balance>1645.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3356665.850000000000</valUSD>
        <pctVal>-0.0593465138</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>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>RUSSELL 2000 EMINI CME MAR 23</issuerName>
                <issueTitle>RUSSELL 2000 EMINI CME MAR 23</issueTitle>
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                  <cusip value="000000000"/>
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            </descRefInstrmnt>
            <expDate>2023-03-17</expDate>
            <notionalAmt>149013190.850000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-3356665.850000000000</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>US 10YR NOTE MAR 23</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="TYH3"/>
          <other otherDesc="Internal Id" value="TYH3C23"/>
        </identifiers>
        <balance>1642.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-508709.660000000000</valUSD>
        <pctVal>-0.0089940870</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 10YR NOTE MAR 23</issuerName>
                <issueTitle>US 10YR NOTE MAR 23</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="TYH3C23"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2023-03-22</expDate>
            <notionalAmt>184900178.410000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-508709.660000000000</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 23</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000C58X581"/>
          <ticker value="VGH3"/>
          <other otherDesc="Internal Id" value="VGH3I23"/>
        </identifiers>
        <balance>-529.000000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.934186557"/>
        <valUSD>761563.840000000000</valUSD>
        <pctVal>0.0134645988</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>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EURO STOXX 50 MAR 23</issuerName>
                <issueTitle>EURO STOXX 50 MAR 23</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="VGH3I23"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2023-03-17</expDate>
            <notionalAmt>-20738598.600000000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>761563.840000000000</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 23</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="WNH3"/>
          <other otherDesc="Internal Id" value="WNH3C23"/>
        </identifiers>
        <balance>88.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>24552.000000000000</valUSD>
        <pctVal>0.0004340842</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 23</issuerName>
                <issueTitle>US ULTRA T-BOND MAR 23</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="WNH3C23"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2023-03-22</expDate>
            <notionalAmt>11794948.000000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>24552.000000000000</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 23</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="WNH3"/>
          <other otherDesc="Internal Id" value="WNH3C23"/>
        </identifiers>
        <balance>324.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-657464.690000000000</valUSD>
        <pctVal>-0.0116241053</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 23</issuerName>
                <issueTitle>US ULTRA T-BOND MAR 23</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="WNH3C23"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2023-03-22</expDate>
            <notionalAmt>44174714.690000000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-657464.690000000000</unrealizedAppr>
          </futrDeriv>
        </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 23</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00K0S0MK63"/>
          <ticker value="Z H3"/>
          <other otherDesc="Internal Id" value="Z H3I23"/>
        </identifiers>
        <balance>-241.000000000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.827164068"/>
        <valUSD>-66292.430000000000</valUSD>
        <pctVal>-0.0011720632</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>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FTSE 100 INDEX MAR 23</issuerName>
                <issueTitle>FTSE 100 INDEX MAR 23</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="Contract Identifier" value="Z H3I23"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2023-03-17</expDate>
            <notionalAmt>-17938557.850000000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>-66292.430000000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-01-23</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>
