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        <name>New York Mercantile Exchange</name>
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        <name>ICE Futures Europe</name>
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        <name>ICE Futures U.S. Energy Division</name>
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        <name>JPMorgan Chase Bank, National Association</name>
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        <name>Morgan Stanley Capital Services LLC</name>
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        <name>McDonald's Corp</name>
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        <name>ICE Futures Europe</name>
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        <name>JPMorgan Chase Bank, National Association</name>
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        <name>Goldman Sachs International</name>
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        <name>ICE Futures Europe</name>
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        <name>New York Mercantile Exchange</name>
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        <name>Campbell Soup Co</name>
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        <name>New York Mercantile Exchange</name>
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        <name>Commodities Exchange Center</name>
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        <name>New York Mercantile Exchange</name>
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        <name>Goldman Sachs International</name>
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        <name>New York Mercantile Exchange</name>
        <lei>5493008GFNDTXFPHWI47</lei>
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        <name>London Metal Exchange</name>
        <lei>213800NB8G5VRT1DXC91</lei>
        <title>LME PRI ALUM FUTR SEP20 XLME 20200914</title>
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        <name>New York Mercantile Exchange</name>
        <lei>5493008GFNDTXFPHWI47</lei>
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        <name>FED HOME LN DISCOUNT NT</name>
        <lei>2549001DPIFGXC1TOL40</lei>
        <title>Federal Home Loan Bank Discount Notes</title>
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        <name>New York Mercantile Exchange</name>
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        <name>ERAC USA Finance LLC</name>
        <lei>LTKX5ODQW6Z7BQ2K1V47</lei>
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        <name>SEVEN &amp; I HOLDINGS</name>
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      <invstOrSec>
        <name>Citibank, National Association</name>
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      <invstOrSec>
        <name>New York Mercantile Exchange</name>
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        <name>New York Mercantile Exchange</name>
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        <name>ZIMMER BIOMET HOLDINGS</name>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US9127962G32"/>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>New York Mercantile Exchange</name>
        <lei>5493008GFNDTXFPHWI47</lei>
        <title>NATURAL GAS FUTR  JAN21 XNYM 20201229</title>
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      <invstOrSec>
        <name>Citibank, National Association</name>
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        <name>New York Mercantile Exchange</name>
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        <name>New York Mercantile Exchange</name>
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        <name>BG Energy Capital PLC</name>
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      <invstOrSec>
        <name>ICE Futures Europe</name>
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        <title>LOW SU GASOIL G   DEC20 IFEU 20201210</title>
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        <name>Goldman Sachs International</name>
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        <name>New York Mercantile Exchange</name>
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        <name>New York Mercantile Exchange</name>
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            <swapFlag>Y</swapFlag>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Capital Services LLC</name>
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        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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        <name>Canadian Imperial Bank of Commerce</name>
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      <invstOrSec>
        <name>United States Treasury</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>ICE Futures Europe</name>
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        <title>DTD BRT/BRT 1ST LNNOV20 IFEU 20201130</title>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley &amp; Co. LLC</name>
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          <other otherDesc="Internal Identifier" value="99S1ERWI2"/>
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        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
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        <issuerConditional desc="derivative" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                <indexIdentifier>BCOM Index</indexIdentifier>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">equity-performance leg</otherRecDesc>
            <fixedPmntDesc amount="-104.79000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.13000000"/>
            <terminationDt>2021-03-15</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-08-28</ncom:dateSigned>
      <ncom:nameOfApplicant>RUSSELL INVESTMENT CO</ncom:nameOfApplicant>
      <ncom:signature>Mark Swanson</ncom:signature>
      <ncom:signerName>Mark Swanson</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
