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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Trust</name>
        <lei>549300MTJJWSCQO9N641</lei>
        <title>iShares U.S. Medical Devices ETF</title>
        <cusip>464288810</cusip>
        <identifiers>
          <isin value="US4642888105"/>
          <other otherDesc="Inhouse Asset ID" value="464288810"/>
        </identifiers>
        <balance>24974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7482709.88000000</valUSD>
        <pctVal>3.250962108251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="239696.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares, Inc.</name>
        <lei>549300JES9K0OUJ8F389</lei>
        <title>iShares MSCI EM ESG Optimized ETF</title>
        <cusip>46434G863</cusip>
        <identifiers>
          <isin value="US46434G8630"/>
          <other otherDesc="Inhouse Asset ID" value="46434G863"/>
        </identifiers>
        <balance>346406.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12335517.66000000</valUSD>
        <pctVal>5.359328524216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="5651307.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Trust</name>
        <lei>549300N2OW8SZV95FP93</lei>
        <title>iShares MSCI USA ESG Optimized ETF</title>
        <cusip>46435G425</cusip>
        <identifiers>
          <isin value="US46435G4257"/>
          <other otherDesc="Inhouse Asset ID" value="46435G425"/>
        </identifiers>
        <balance>344338.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26241998.98000000</valUSD>
        <pctVal>11.40118295335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Trust</name>
        <lei>549300R96U5WQ7R5ID10</lei>
        <title>iShares 0-5 Year High Yield Corporate Bond ETF</title>
        <cusip>46434V407</cusip>
        <identifiers>
          <isin value="US46434V4077"/>
          <other otherDesc="Inhouse Asset ID" value="46434V407"/>
        </identifiers>
        <balance>203383.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8938682.85000000</valUSD>
        <pctVal>3.883528789575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Liquidity Funds</name>
        <lei>5493002L9DNZ83RX7V61</lei>
        <title>T-Fund, Institutional Class</title>
        <cusip>09248U718</cusip>
        <identifiers>
          <isin value="US09248U7182"/>
          <other otherDesc="Inhouse Asset ID" value="09248U718"/>
        </identifiers>
        <balance>736499.96000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>736499.96000000</valUSD>
        <pctVal>0.319982132287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Trust</name>
        <lei>549300T14S5IX7V5T008</lei>
        <title>iShares 1-3 Year Credit Bond ETF</title>
        <cusip>464288646</cusip>
        <identifiers>
          <isin value="US4642886463"/>
          <other otherDesc="Inhouse Asset ID" value="464288646"/>
        </identifiers>
        <balance>235037.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12905881.67000000</valUSD>
        <pctVal>5.607130699385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Trust</name>
        <lei>54930006KUZN6GLGL496</lei>
        <title>iShares Edge MSCI Min Vol USA ETF</title>
        <cusip>46429B697</cusip>
        <identifiers>
          <isin value="US46429B6974"/>
          <other otherDesc="Inhouse Asset ID" value="46429B697"/>
        </identifiers>
        <balance>72087.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4594104.51000000</valUSD>
        <pctVal>1.995969364424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1070664.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Trust</name>
        <lei>549300FYCXFXG8POR355</lei>
        <title>iShares iBoxx $ Investment Grade Corporate Bond ETF</title>
        <cusip>464287242</cusip>
        <identifiers>
          <isin value="US4642872422"/>
          <other otherDesc="Inhouse Asset ID" value="464287242"/>
        </identifiers>
        <balance>215734.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29061527.14000000</valUSD>
        <pctVal>12.62616419120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="7462934.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Trust</name>
        <lei>549300QCMVXVCAPD3O82</lei>
        <title>iShares Edge MSCI USA Value Factor ETF</title>
        <cusip>46432F388</cusip>
        <identifiers>
          <isin value="US46432F3881"/>
          <other otherDesc="Inhouse Asset ID" value="46432F388"/>
        </identifiers>
        <balance>115117.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8493332.26000000</valUSD>
        <pctVal>3.690040345389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="51646.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Trust</name>
        <lei>549300YMK9GAMCTG8G20</lei>
        <title>iShares U.S. Treasury Bond ETF</title>
        <cusip>46429B267</cusip>
        <identifiers>
          <isin value="US46429B2676"/>
          <other otherDesc="Inhouse Asset ID" value="46429B267"/>
        </identifiers>
        <balance>870936.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24342661.20000000</valUSD>
        <pctVal>10.57599057618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Trust</name>
        <lei>549300WWURKS1JGBZU59</lei>
        <title>iShares 20+ Year Treasury Bond ETF</title>
        <cusip>464287432</cusip>
        <identifiers>
          <isin value="US4642874329"/>
          <other otherDesc="Inhouse Asset ID" value="464287432"/>
        </identifiers>
        <balance>13767.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2247600.42000000</valUSD>
        <pctVal>0.976499679539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2214785.16000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Trust</name>
        <lei>549300TM3QJ7458P4314</lei>
        <title>iShares MSCI EAFE Growth ETF</title>
        <cusip>464288885</cusip>
        <identifiers>
          <isin value="US4642888857"/>
          <other otherDesc="Inhouse Asset ID" value="464288885"/>
        </identifiers>
        <balance>209873.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18863385.24000000</valUSD>
        <pctVal>8.195446787599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8277948.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares U.S. ETF Trust</name>
        <lei>549300BV2WH8444C2Y33</lei>
        <title>iShares Short Maturity Bond ETF</title>
        <cusip>46431W507</cusip>
        <identifiers>
          <isin value="US46431W5076"/>
          <other otherDesc="Inhouse Asset ID" value="46431W507"/>
        </identifiers>
        <balance>91915.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4605860.65000000</valUSD>
        <pctVal>2.001076974674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Variable Series Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Ann Frechette</ncom:signature>
      <ncom:signerName>Ann Frechette</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
