UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number:	811-01612
Exact name of registrant as specified in charter:	The Prudential Variable Contract Account-2
Address of principal executive offices:	Gateway Center 3,
	100 Mulberry Street,
	Newark, New Jersey 07102
Name and address of agent for service:	Deborah A. Docs
	Gateway Center 3,
	100 Mulberry Street,
	Newark, New Jersey 07102
Registrant’s telephone number, including area code:	973-367-7521
Date of fiscal year end:	12/31/2006
Date of reporting period:	3/31/2006

Item 1. Schedule of Investments

VCA 2

Schedule Of Investments As of March 31, 2006. (Unaudited)

	Shares	Value
LONG-TERM INVESTMENTS - 98.8%
COMMON STOCKS
Aerospace/Defense - 3.5%
Honeywell International, Inc.	244,000		10,435,880
Lockheed Martin Corp.	67,200		5,048,736
			15,484,616
Beverages - 1.2%
PepsiCo, Inc.	95,500		5,518,945
Biotechnology - 4.1%
Amgen, Inc.(a)	119,600		8,700,900
Genentech Inc.(a)	48,300		4,081,833
Gilead Sciences, Inc.(a)	85,900		5,344,698
			18,127,431
Building Products - 0.8%
American Standard, Inc.	78,200		3,351,652
Capital Markets - 5.6%
Bank of New York (The)	160,800		5,795,232
Charles Schwab Corp.	302,500		5,206,025
Merrill Lynch & Co.	87,900		6,923,004
UBS AG	62,900		6,917,113
			24,841,374
Chemicals - 3.0%
Agrium, Inc.	247,300		6,246,798
Dupont EI. de Nemours	170,300		7,188,363
			13,435,161
Commercial Services & Supplies - 1.8%
Waste Management, Inc.	222,800		7,864,840
Communications Equipment - 3.5%
Cisco Systems, Inc.(a)	238,100		5,159,627
Nokia, Inc. ADR (Finland)	283,400		5,872,048
QualComm, Inc.	93,900		4,752,279
			15,783,954
Consumer Finance - 1.6%
American Express Co.	134,300		7,057,465
Diversified Financial Services - 3.0%
Citigroup, Inc.	139,100		6,571,084
JPMorgan Chase & Co.	165,292		6,882,759
			13,453,843
Diversified Telecommunication Services - 1.1%
Verizon Communications, Inc.	139,400		4,747,964
Electric Utilities - 0.2%
Exelon Corp.	16,800		888,720
Electronic Equipment & Instruments - 1.2%
Agilent Technologies, Inc.(a)	138,800		5,211,940
Energy Equipment & Services - 5.0%
Global SantaFe Corp.	129,200		7,848,900
Schlumberger Ltd.	65,200		8,252,364
Weatherford International Ltd.(a)	148,200		6,780,150
			22,881,414
Food & Staples Retailing - 2.4%
Kroger Co. (The)(a)	305,400		6,217,944
Wal-Mart Stores, Inc.	97,900		4,624,796
			10,842,740
Food Products - 1.3%
Cadbury Schweppes Spons. ADR (United Kingdom)	149,600		5,984,000
Health Care Equipment & Supplies - 1.1%
St. Jude Medical, Inc.(a)	119,200		4,887,200
Health Care Providers & Services - 2.3%
Caremark Rx, Inc.(a)	114,400		5,626,192
Wellpoint, Inc.(a)	57,000		4,413,510
			10,039,702
Hotels, Restaurants and Leisure- 1.0%
Outback Steakhouse, Inc.	96,400		4,241,600
Household Products - 1.3%
Proctor & Gamble Co. (The)	98,755		5,690,263
Independent Power Producers & Energy Traders - 1.7%
TXU, Corp.	166,000		7,430,160
Industrial Conglomerates - 2.4%
General Electric Company	301,400		10,482,692
Insurance - 3.6%
American International Group	136,900		9,047,721
Loews Corp.	67,700		6,851,240
			15,898,961
Internet Software & Services - 4.0%
eBay, Inc.(a)	96,500		3,769,290
Google, Inc. Cl. A(a)	20,200		7,878,000
Yahoo, Inc. (a)	188,300		6,074,558
			17,721,848
IT Services - 0.5%
First Data Corp.	51,300		2,401,866
Media - 3.0%
Comcast Corp.(a)	165,000		4,316,400
Liberty Global, Inc.(a)	233,900		4,619,525
Viacom, Inc. Cl. B(a)	112,816		4,377,261
			13,313,186
Metals & Mining - 7.0%
Companhia Vale do Rio Doce ADR (Brazil)	205,100		9,953,503
Freeport-McMoRan Cooper & Gold, Inc. Cl. B	134,200		8,021,134
Newcrest Mining Ltd. ADR (Australia)	399,100		6,653,436
Phelps Dodge Corp.	84,000		6,764,520
			31,392,593
Multiline Retail - 1.2%
Federated Department Stores, Inc.	75,300		5,496,900
Multi Utilities - 1.3%
Sempra Energy	128,400		5,965,464
Office Electronics - 2.1%
Xerox Corp.(a)	604,900		9,194,480
Oil, Gas, & Consumable Fuels - 7.3%
Apache Corp.	89,470		5,861,180
Nexen, Inc.	155,400		8,553,216
Occidental Petroleum Corp.	90,000		8,338,500
Suncor Energy, Inc.	127,900		9,850,858
			32,603,754
Pharmaceuticals - 5.6%
Novartis AG ADR (Switzerland)	132,900		7,367,976
Pfizer, Inc.	178,100		4,438,252
Roche Holdings Ltd. ADR (Switzerland)	78,800		5,851,885
Sanofi Aventis ADR (France)	154,900		7,350,005
			25,008,118
Semiconductors & Semiconductor Equipment - 4.0%
Marvell Technology Group Ltd.(a)	100,400		5,431,640
Maxim Integrated Products, Inc.	142,200		5,282,730
Texas Instruments, Inc.	218,100		7,081,707
			17,796,077
Software - 5.4%
Adobe Systems Incorporated	227,700		7,951,284
CA, Inc.	215,954		5,876,108
Electronic Arts, Inc.(a)	75,900		4,153,248
Microsoft Corp.	229,000		6,231,090
			24,211,730
Specialty Retail -1.2%
Home Depot, Inc.	121,300		5,130,990
Textiles, Apparel & Luxury Goods - 1.1%
Nike, Inc. Cl. B	58,300		4,961,330
Tobacco - 1.3%
Altria Group, Inc.	83,800		5,938,068
Wireless Telecommunication Services - 1.1%
Sprint Nextel Corp.	194,688		5,030,738
TOTAL LONG-TERM INVESTMENTS (Cost: $321,765,148)		$	440,313,779
SHORT-TERM INVESTMENTS - 0.2%
AFFILIATED MONEY MARKET MUTUAL FUND
Dryden Core Investment Fund- Taxable Money Market Series(b) (Cost: $1,024,019)	1,024,019		1,024,019
TOTAL INVESTMENTS - 99.0% (Cost: $322,789,167)		$	441,337,798
OTHER ASSETS IN EXCESS OF LIABILITIES - 1.0%			4,168,953
NET ASSETS - 100%		$	445,506,751

(a) Non-income producing security.

(b) The Prudential Investments LLC, the manager of the Account also serves as manager of the Dryden Core Investment Fund - Taxable Money Market Series.

VARIABLE CONTRACT ANNUITY 2

Notes to Schedule of Investments (Unaudited)

Securities Valuation: Securities listed on a securities exchange (other than options on securities and indices) are valued at the last sale price on such exchange on the day of valuation or, if there was no sale on such day, at the mean between the last reported bid and asked prices, or at the last bid price on such day in the absence of an asked price. Securities traded via Nasdaq are valued at the Nasdaq official closing price (“NOCP”) on the day of valuation, or if there was no NOCP, at the last sale price. Securities that are actively traded in the over-the-counter market, including listed securities for which the primary market is believed by Prudential Investments LLC (“PI or Manager”), in consultation with the subadviser; to be over-the-counter, are valued at market value using prices provided by an independent pricing agent or principal market maker.

Securities for which market quotations are not readily available, or whose values have been affected by events occurring after the close of the security’s foreign market and before the funds’ normal pricing time, are valued at fair value in accordance with the Accounts’ Committee members approved fair valuation procedures. Using fair value to price securities may result in a value that is different from a security’s most recent closing price and from the price used by other mutual funds to calculate their net asset values. When determining the fair valuation of securities some of the factors influencing the valuation include, the nature of any restrictions on disposition of the securities; assessment of the general liquidity of the securities; the issuer’s financial condition and the markets in which it does business; the cost of the investment; the size of the holding and the capitalization of issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; any available analyst media or other reports or information deemed reliable by the investment adviser regarding the issuer or the markets or industry in which it operates.

Investments in mutual funds are valued at the net asset value as of the close of the New York Stock Exchange on the date of valuation.

Short-term securities, which mature in sixty days or less, are valued at amortized cost, which approximates market value. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of the difference between the principal amount due at maturity and cost. Short-term securities which mature in more than sixty days are valued at current market quotations.

The Fund invests in the Taxable Money Market Series (the “Series”), a portfolio of Dryden Core Investment Fund, pursuant to an exemptive order received from the Securities and Exchange Commission. The Series is a money market mutual fund registered under the Investment Company Act of 1940, as amended, and managed by PI.

Other information regarding each fund is available in the respective fund’s most recent Report of Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no significant changes in the registrant’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Item 3. Exhibits

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 – Attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) The Prudential Variable Contract Account-2
By (Signature and Title)*	/s/ Deborah A. Docs
	Deborah A. Docs
	Secretary of the Fund
Date  May 30, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*	/s/ Judy A. Rice
	Judy A. Rice
	President and Principal Executive Officer
Date  May 30, 2006

By (Signature and Title)*	/s/ Grace C. Torres
	Grace C. Torres
	Treasurer and Principal Financial Officer
Date  May 30, 2006

* Print the name and title of each signing officer under his or her signature.