<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns:com="http://www.sec.gov/edgar/common" xmlns="http://www.sec.gov/edgar/ncen">
  <schemaVersion>X0505</schemaVersion>
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    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001932768</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-4</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportClass>
        <rptIncludeAllClassesFlag>true</rptIncludeAllClassesFlag>
      </reportClass>
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    <generalInfo reportEndingPeriod="2025-12-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Variable Account AA</registrantFullName>
      <investmentCompFileNo>811-23817</investmentCompFileNo>
      <registrantCik>0001932768</registrantCik>
      <registrantLei>254900RE2YTR9IEGZ956</registrantLei>
      <registrantstreet1>1345 Avenue of the Americas</registrantstreet1>
      <registrantcity>New York</registrantcity>
      <registrantzipCode>10105</registrantzipCode>
      <registrantstate>US-NY</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>2125541234</registrantphoneNumber>
      <websites>
        <website webpage="www.equitable.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Equitable Financial Life Insurance Company of America</officeName>
          <officeAddress1>1345 Avenue of the Americas</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeState="US-NY" officeCountry="US"/>
          <officeRecordsZipCode>10105</officeRecordsZipCode>
          <officePhone>2125541234</officePhone>
          <booksRecordsDesc>Contract Files</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Equitable Financial Life Insurance Company of America</officeName>
          <officeAddress1>135 W 50th Street</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeState="US-NY" officeCountry="US"/>
          <officeRecordsZipCode>10020</officeRecordsZipCode>
          <officePhone>2125541234</officePhone>
          <booksRecordsDesc>Contract Files</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Equitable Financial Life Insurance Company of America</officeName>
          <officeAddress1>100 Madison Street</officeAddress1>
          <officeCity>Syracuse</officeCity>
          <officeStateCountry officeState="US-NY" officeCountry="US"/>
          <officeRecordsZipCode>13202</officeRecordsZipCode>
          <officePhone>2125541234</officePhone>
          <booksRecordsDesc>Contract Files</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <isRegistrantFamilyInvComp>N</isRegistrantFamilyInvComp>
      <registrantClassificationType>N-4</registrantClassificationType>
      <isSecuritiesActRegistration>N</isSecuritiesActRegistration>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Robert O' Keefe</ccoName>
          <crdNumber>003063614</crdNumber>
          <ccoStreet1>1345 Avenue of the Americas</ccoStreet1>
          <ccoCity>New York</ccoCity>
          <ccoStateCountry ccoState="US-NY" ccoCountry="US"/>
          <ccoZipCode>10105</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-33161"/>
        <releaseNumberInfo releaseNumber="IC-34199"/>
      </releaseNumbers>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>Equitable Advisors, LLC</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-17883 </principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000006627</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderwriterRssdId>N/A</principalUnderwriterRssdId>
          <principalUnderWriterStateCountry principalUnderWriterState="US-NY" principalUnderWriterCountry="US"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
        <principalUnderwriter>
          <principalUnderwriterName>Equitable Distributors, LLC</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-42123 </principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000025900</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderwriterRssdId>N/A</principalUnderwriterRssdId>
          <principalUnderWriterStateCountry principalUnderWriterState="US-NC" principalUnderWriterCountry="US"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>PricewaterhouseCoopers LLP</publicAccountantName>
          <pcaobNumber>00238</pcaobNumber>
          <publicAccountantLei>5493002GVO7EO8RNNS37</publicAccountantLei>
          <publicAccountantRssdId>N/A</publicAccountantRssdId>
          <publicAccountantStateCountry publicAccountantState="US-NY" publicAccountantCountry="US"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
    </registrantInfo>
    <unitInvestmentTrust>
      <depositors>
        <depositor>
          <depositorName>Equitable Financial Life Insurance Company of America</depositorName>
          <depositorCrdNo>N/A</depositorCrdNo>
          <depositorLei>549300U0TGYHZWHQH418</depositorLei>
          <depositorRssdId>N/A</depositorRssdId>
          <depositorStateCountry depositorState="US-NY" depositorCountry="US"/>
          <depositorUltimateParentname>Equitable Holdings, Inc.</depositorUltimateParentname>
        </depositor>
      </depositors>
      <uitAdmins>
        <uitAdmin>
          <uitAdminName>Equitable Financial Life Insurance Company of America</uitAdminName>
          <uitAdminLei>549300U0TGYHZWHQH418</uitAdminLei>
          <uitAdminRssdId>N/A</uitAdminRssdId>
          <uitAdminStateCountry uitAdminState="US-NY" uitAdminCountry="US"/>
          <isUitAdminAffiliated>Y</isUitAdminAffiliated>
          <isUitAdminSubAdmin>N</isUitAdminSubAdmin>
        </uitAdmin>
      </uitAdmins>
      <isUitAdminHiredTerminated>N</isUitAdminHiredTerminated>
      <registrantSeparateInsuranceAccount isRegistrantSeparateInsuranceAccount="Y" separateAccountSeriesId="S000077865"/>
      <numOfContracts>376824</numOfContracts>
      <contractSecurities>
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        <contractSecurity separateAccountSecurityName="Equi-Vest Individual (Series 100-500)" separateAccountContractId="C000247528" separateAccountTotalAsset="1287052503.000000000000" numContractsSold="0" grossPremiumReceived="4394610.000000000000" grossPremiumReceivedSection1035="0.000000000000" numContractsAffected="0" contractValueRedeemed="116330335.000000000000" contractValueRedeemedSection1035="11342073.000000000000" numContractsAffectedRedeemed="71"/>
        <contractSecurity separateAccountSecurityName="Equi-Vest Employer Sponsored Retirement Programs (Series 100-400)" separateAccountContractId="C000247529" separateAccountTotalAsset="670377388.000000000000" numContractsSold="0" grossPremiumReceived="34419972.000000000000" grossPremiumReceivedSection1035="0.000000000000" numContractsAffected="0" contractValueRedeemed="61043124.000000000000" contractValueRedeemedSection1035="0.000000000000" numContractsAffectedRedeemed="0"/>
        <contractSecurity separateAccountSecurityName="Equi-Vest Express (Series 700)" separateAccountContractId="C000247531" separateAccountTotalAsset="142860980.000000000000" numContractsSold="0" grossPremiumReceived="813060.000000000000" grossPremiumReceivedSection1035="0.000000000000" numContractsAffected="0" contractValueRedeemed="15642750.000000000000" contractValueRedeemedSection1035="3632945.000000000000" numContractsAffectedRedeemed="10"/>
        <contractSecurity separateAccountSecurityName="EQUI-VEST Strategies (Series 900)" separateAccountContractId="C000247535" separateAccountTotalAsset="0.000000000000" numContractsSold="0" grossPremiumReceived="0.000000000000" grossPremiumReceivedSection1035="0.000000000000" numContractsAffected="0" contractValueRedeemed="0.000000000000" contractValueRedeemedSection1035="0.000000000000" numContractsAffectedRedeemed="0"/>
        <contractSecurity separateAccountSecurityName="Equi-Vest Deluxe (Series 800)" separateAccountContractId="C000247533" separateAccountTotalAsset="369327239.000000000000" numContractsSold="0" grossPremiumReceived="2322215.000000000000" grossPremiumReceivedSection1035="4062670.000000000000" numContractsAffected="21" contractValueRedeemed="36461118.000000000000" contractValueRedeemedSection1035="47023.000000000000" numContractsAffectedRedeemed="2"/>
        <contractSecurity separateAccountSecurityName="EQUI-Vest Express (Series 701)" separateAccountContractId="C000247532" separateAccountTotalAsset="81630215.000000000000" numContractsSold="0" grossPremiumReceived="1494689.000000000000" grossPremiumReceivedSection1035="7340.000000000000" numContractsAffected="1" contractValueRedeemed="7455885.000000000000" contractValueRedeemedSection1035="0.000000000000" numContractsAffectedRedeemed="0"/>
        <contractSecurity separateAccountSecurityName="EQUI-Vest Deluxe (Series 801)" separateAccountContractId="C000247534" separateAccountTotalAsset="445404310.000000000000" numContractsSold="0" grossPremiumReceived="5701761.000000000000" grossPremiumReceivedSection1035="0.000000000000" numContractsAffected="0" contractValueRedeemed="49956869.000000000000" contractValueRedeemedSection1035="4124974.000000000000" numContractsAffectedRedeemed="14"/>
        <contractSecurity separateAccountSecurityName="EQUI-VEST 201" separateAccountContractId="C000247530" separateAccountTotalAsset="10788726276.000000000000" numContractsSold="0" grossPremiumReceived="765223151.000000000000" grossPremiumReceivedSection1035="0.000000000000" numContractsAffected="0" contractValueRedeemed="643747965.000000000000" contractValueRedeemedSection1035="0.000000000000" numContractsAffectedRedeemed="0"/>
        <contractSecurity separateAccountSecurityName="EQUI-VEST Strategies (Series 901)" separateAccountContractId="C000247536" separateAccountTotalAsset="0.000000000000" numContractsSold="0" grossPremiumReceived="0.000000000000" grossPremiumReceivedSection1035="0.000000000000" numContractsAffected="0" contractValueRedeemed="0.000000000000" contractValueRedeemedSection1035="0.000000000000" numContractsAffectedRedeemed="0"/>
        <contractSecurity separateAccountSecurityName="EQUI-VEST GWBL Rollover Annuity" separateAccountContractId="C000247537" separateAccountTotalAsset="0.000000000000" numContractsSold="0" grossPremiumReceived="0.000000000000" grossPremiumReceivedSection1035="0.000000000000" numContractsAffected="0" contractValueRedeemed="0.000000000000" contractValueRedeemedSection1035="0.000000000000" numContractsAffectedRedeemed="0"/>
        <contractSecurity separateAccountSecurityName="Variable Immediate Annuity" separateAccountContractId="C000247538" separateAccountTotalAsset="0.000000000000" numContractsSold="0" grossPremiumReceived="0.000000000000" grossPremiumReceivedSection1035="0.000000000000" numContractsAffected="0" contractValueRedeemed="0.000000000000" contractValueRedeemedSection1035="0.000000000000" numContractsAffectedRedeemed="0"/>
      </contractSecurities>
      <isRule6C7Reliance>Y</isRule6C7Reliance>
      <isRule11A2Reliance>Y</isRule11A2Reliance>
      <isRule12D1Dash4Reliance>N</isRule12D1Dash4Reliance>
      <isRule12D1GReliance>N</isRule12D1GReliance>
    </unitInvestmentTrust>
    <signature registrantSignedName="Variable Account AA" signedDate="2026-03-06" signature="Marion Mackenzie" title="Signatory Officer"/>
  </formData>
</edgarSubmission>
