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:	9/30/2006

Item 1. Schedule of Investments

VCA 2

Schedule Of Investments As of September 30, 2006. (Unaudited)

	Shares	Value
LONG-TERM INVESTMENTS - 98.2 %
COMMON STOCKS
Aerospace/Defense - 2.3%
Honeywell International, Inc.	244,000	$	9,979,600
Beverages - 1.2%
PepsiCo, Inc.	79,000		5,155,540
Biotechnology - 1.3%
Gilead Sciences, Inc. (a)	80,600		5,537,220
Capital Markets - 6.4%
Bank of New York (The)	217,400		7,665,524
Charles Schwab Corp.	275,900		4,938,610
Merrill Lynch & Co.	87,900		6,875,538
UBS AG	145,400		8,623,674
			28,103,346
Chemicals - 3.2%
Agrium, Inc.	247,300		6,674,627
Dupont EI. de Nemours	170,300		7,295,652
			13,970,279
Commercial Services & Supplies - 1.9%
Waste Management, Inc.	222,800		8,172,304
Communications Equipment - 6.5%
Avaya, Inc. (a)	532,400		6,090,656
Cisco Systems, Inc.(a)	238,100		5,476,300
Corning, Inc. (a)	237,900		5,807,139
Motorola, Inc.	246,000		6,150,000
QualComm, Inc.	130,800		4,754,580
			28,278,675
Computers & Peripherals - 1.8%
Apple Computer, Inc. (a)	104,200		8,026,526
Consumer Finance - 1.3%
American Express Co.	99,300		5,568,744
Diversified Consumer Services - 1.0%
Career Education Corp. (a)	186,600		4,198,500
Diversified Financial Services - 4.7%
Citigroup, Inc.	139,100		6,909,097
JPMorgan Chase & Co.	165,292		7,762,112
NYSE Group, Inc. (a)	76,900		5,748,275
			20,419,484
Electronic Equipment & Instruments - 1.1%
Agilent Technologies, Inc. (a)	152,400		4,981,956
Energy Equipment & Services - 1.4%
Schlumberger Ltd.	99,600		6,178,188
Food & Staples Retailing - 2.7%
Kroger Co. (The)	234,800		5,433,272
Wal-Mart Stores, Inc.	128,100		6,317,892
			11,751,164
Food Products - 3.4%
Cadbury Schweppes Spons. ADR (United Kingdom)	149,600		6,398,392
ConAgra Foods, Inc.	336,500		8,237,520
			14,635,912
Health Care Equipment & Supplies - 1.3%
St. Jude Medical, Inc.(a)	165,700		5,847,553
Health Care Providers & Services - 2.1%
Caremark Rx, Inc.	92,400		5,236,308
Omnicare, Inc.	92,900		4,003,061
			9,239,369
Hotels, Restaurants & Leisure - 1.1%
OSI Restaurant Partners, Inc.	144,500		4,582,095
Household Products - 1.4%
Kimberly-Clark Corp.	91,500		5,980,440
Independent Power Producers & Energy Traders - 3.0%
NRG Energy, Inc. (a)	131,000		5,934,300
TXU, Corp.	115,500		7,221,060
			13,155,360
Industrial Conglomerates - 2.3%
General Electric Company	287,200		10,138,160
Insurance - 4.7%
American International Group	176,100		11,668,386
Loews Corp.	236,500		8,963,350
			20,631,736
Internet Software & Services - 2.3%
Google, Inc. Cl. A (a)	14,300		5,747,170
Yahoo, Inc. (a)	162,300		4,102,944
			9,850,114
Media - 5.1%
Comcast Corp. Cl. A (a)	190,900		7,034,665
Liberty Global, Inc. Ser. C (a)	187,105		4,688,851
News Corp. Inc. Cl. A	330,200		6,488,430
Viacom, Inc. Cl. B (a)	112,816		4,194,499
			22,406,445
Metals & Mining - 4.0%
Freeport-McMoRan Cooper & Gold, Inc. Cl. B	97,400		5,187,524
Lihir Gold Limited ADR (Papua New Guinea) (a)	120,400		5,039,944
Phelps Dodge Corp.	83,700		7,089,390
			17,316,858
Multiline Retail - 1.5%
Federated Department Stores, Inc.	150,600		6,507,426
Multi-Utilities - 1.5%
Sempra Energy	128,400		6,452,100
Office Electronics - 2.2%
Xerox Corp. (a)	604,900		9,412,244
Oil, Gas & Consumable Fuels - 10.3%
Anadarko Petroleum Corp.	120,700		5,290,281
Apache Corp.	99,270		6,273,864
Nexen, Inc.	123,300		6,591,618
Occidental Petroleum Corp.	171,400		8,246,054
Petroleo Brasileiro SA ADR (Brazil)	51,300		4,300,479
Suncor Energy, Inc.	121,300		8,739,665
Valero Energy Corp.	103,500		5,327,145
			44,769,106
Pharmaceuticals - 6.1%
Abbott Laboratories	107,200		5,205,632
Novartis AG ADR (Switzerland)	132,900		7,766,676
Roche Holdings Ltd. ADR (Switzerland)	86,700		7,474,199
Sanofi Aventis ADR (France)	137,300		6,105,731
			26,552,238
Semiconductors & Semiconductor Equipment - 1.1%
Broadcom Corp. Cl. A (a)	155,800		4,726,972
Software - 2.9%
Adobe Systems Incorporated (a)	227,700		8,527,365
Electronic Arts, Inc. (a)	75,900		4,226,112
			12,753,477
Textiles, Apparel & Luxury Goods - 1.5%
Nike, Inc. Cl. B	76,700		6,720,455
Tobacco - 1.5%
Altria Group, Inc.	83,800		6,414,890
Wireless Telecommunication Services - 2.1%
NII Holdings, Inc. (a)	94,100		5,849,256
Sprint Nextel Corp.	194,688		3,338,899
			9,188,155
TOTAL LONG-TERM INVESTMENTS (Cost: $337,842,352)			427,602,631
SHORT-TERM INVESTMENTS - 1.8%
AFFILIATED MONEY MARKET MUTUAL FUND
Dryden Core Investment Fund-Taxable Money Market Series (b) (Cost: $7,605,016)	7,605,016		7,605,016
TOTAL INVESTMENTS - 100.0% (Cost: $345,447,368)			435,207,647
OTHER ASSETS IN EXCESS OF LIABILITIES			82,072
NET ASSETS - 100%		$	435,289,719

(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.

ADR American Depository Receipt

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 November 27, 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 November 27, 2006

By (Signature and Title)*	/s/ Grace C. Torres
	Grace C. Torres
	Treasurer and Principal Financial Officer

Date November 27, 2006

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