<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000914036</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000002811</seriesId>
        <classId>C000007718</classId>
        <classId>C000007719</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>LINCOLN VARIABLE INSURANCE PRODUCTS TRUST</regName>
      <regFileNumber>811-08090</regFileNumber>
      <regCik>0000914036</regCik>
      <regLei>3EICVM5HD7FVBIM8WO57</regLei>
      <regStreet1>1301 S. Harrison Street</regStreet1>
      <regCity>FORT WAYNE</regCity>
      <regStateConditional regCountry="US" regState="US-IN"/>
      <regZipOrPostalCode>46802</regZipOrPostalCode>
      <regPhone>260-455-2000</regPhone>
      <seriesName>LVIP SSGA Global Tactical Allocation Managed Volatility Fund</seriesName>
      <seriesId>S000002811</seriesId>
      <seriesLei>13LZ7GRSXRR6X3EW7X06</seriesLei>
      <repPdEnd>2025-12-31</repPdEnd>
      <repPdDate>2025-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>775875342.50</totAssets>
      <totLiabs>178926282.86</totLiabs>
      <netAssets>596949059.64</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>914897.47000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000007718" rtn1="1.09000000" rtn2="0.74000000" rtn3="0.59000000"/>
          <monthlyTotReturn classId="C000007719" rtn1="1.08000000" rtn2="0.72000000" rtn3="0.58000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
            <mon1 netRealizedGain="40227.74000000" netUnrealizedAppr="287030.53000000"/>
            <mon2 netRealizedGain="-12949.24000000" netUnrealizedAppr="-4627.25000000"/>
            <mon3 netRealizedGain="608312.52000000" netUnrealizedAppr="-609574.62000000"/>
            <futureCategory>
              <instrMon1 netRealizedGain="40227.74000000" netUnrealizedAppr="287030.53000000"/>
              <instrMon2 netRealizedGain="-12949.24000000" netUnrealizedAppr="-4627.25000000"/>
              <instrMon3 netRealizedGain="608312.52000000" netUnrealizedAppr="-609574.62000000"/>
            </futureCategory>
          </equityContracts>
          <foreignExchgContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="-68075.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="-2562.50000000"/>
            <mon3 netRealizedGain="-70270.31000000" netUnrealizedAppr="84822.00000000"/>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="-68075.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="-2562.50000000"/>
              <instrMon3 netRealizedGain="-70270.31000000" netUnrealizedAppr="84822.00000000"/>
            </futureCategory>
          </foreignExchgContracts>
          <otherContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </otherContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="2179954.50000000" netUnrealizedAppr="3985810.68000000"/>
        <othMon2 netRealizedGain="433494.35000000" netUnrealizedAppr="3762801.17000000"/>
        <othMon3 netRealizedGain="2028735.23000000" netUnrealizedAppr="-8056580.03000000"/>
      </returnInfo>
      <mon1Flow redemption="9699128.89000000" reinvestment="0.00000000" sales="983744.50000000"/>
      <mon2Flow redemption="8939397.96000000" reinvestment="0.00000000" sales="1242962.79000000"/>
      <mon3Flow redemption="8120413.63000000" reinvestment="15597884.15000000" sales="822391.02000000"/>


      <varInfo>

        <fundsDesignatedInfo>
          <nameDesignatedIndex>30% Bloomberg US Aggregate Bond Index, 26% S&amp;P 500, 20% MSCI EAFE NR, 10% Bloomberg US TIPS Idx, 8% Russell 2000 TR Idx, 6% MSCI EM NR Idx</nameDesignatedIndex>
          <indexIdentifier>30% LBUSTRUU, 26% SPX, 20% M1EA, 10% LBUTTRUU, 8% RU20INTR, 6% M1EF</indexIdentifier>

        </fundsDesignatedInfo>

      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF</name>
        <lei>549300FMDZNC0BEIYQ10</lei>
        <title>Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF</title>
        <cusip>46090F100</cusip>
        <identifiers>
          <isin value="US46090F1003"/>
        </identifiers>
        <balance>353256.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4680642.00000000</valUSD>
        <pctVal>0.784094040255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>LVIP SSGA Small-Cap Index Fund</name>
        <lei>XOQF2PFRA3OF885Z6D59</lei>
        <title>LVIP SSGA Small-Cap Index Fund</title>
        <cusip>474903101</cusip>
        <identifiers>
          <isin value="US4749031013"/>
        </identifiers>
        <balance>335100.55000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11665520.35000000</valUSD>
        <pctVal>1.954190254866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>LVIP SSGA S&amp;P 500 Index Fund</name>
        <lei>HZ6M8PNJZPCVFNAKW534</lei>
        <title>LVIP SSGA S&amp;P 500 Index Fund</title>
        <cusip>474903853</cusip>
        <identifiers>
          <isin value="US4749038539"/>
        </identifiers>
        <balance>1028505.54000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34664750.75000000</valUSD>
        <pctVal>5.806986406998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund</name>
        <lei>XDP4P8WUU8MSZILKKQ09</lei>
        <title>LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund</title>
        <cusip>534898614</cusip>
        <identifiers>
          <isin value="US5348986143"/>
        </identifiers>
        <balance>806167.64000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11682981.48000000</valUSD>
        <pctVal>1.957115316848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund</name>
        <lei>ZGG96APH7D63U63FX232</lei>
        <title>LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund</title>
        <cusip>534898622</cusip>
        <identifiers>
          <isin value="US5348986226"/>
        </identifiers>
        <balance>4121545.32000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68767983.68000000</valUSD>
        <pctVal>11.51990820145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund</name>
        <lei>YXMQSSTE7K566U77J545</lei>
        <title>LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund</title>
        <cusip>534898630</cusip>
        <identifiers>
          <isin value="US5348986309"/>
        </identifiers>
        <balance>1151012.64000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11590697.27000000</valUSD>
        <pctVal>1.941656006123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>LVIP Franklin Templeton Multi-Factor International Equity Fund</name>
        <lei>ZC1JP9GQKS75O7IOKT07</lei>
        <title>LVIP Franklin Templeton Multi-Factor International Equity Fund</title>
        <cusip>534898648</cusip>
        <identifiers>
          <isin value="US5348986481"/>
        </identifiers>
        <balance>5116107.62000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53606575.65000000</valUSD>
        <pctVal>8.980092150966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>LVIP SSGA International Index Fund</name>
        <lei>9JGZTL6DAJQG1H1UEI15</lei>
        <title>LVIP SSGA International Index Fund</title>
        <cusip>534898655</cusip>
        <identifiers>
          <isin value="US5348986556"/>
        </identifiers>
        <balance>2668798.32000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35425628.95000000</valUSD>
        <pctVal>5.934447567664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>LVIP SSGA Bond Index Fund</name>
        <lei>X5PPJVEZIDWEFRKRER10</lei>
        <title>LVIP SSGA Bond Index Fund</title>
        <cusip>534898663</cusip>
        <identifiers>
          <isin value="US5348986630"/>
        </identifiers>
        <balance>8911821.15000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>89955922.65000000</valUSD>
        <pctVal>15.06927956369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>State Street Institutional US Government Money Market Fund</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional US Government Money Market Fund</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
        </identifiers>
        <balance>26976409.26000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26976409.26000000</valUSD>
        <pctVal>4.519047115388</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>SPDR S&amp;P 500 ETF Trust</name>
        <lei>549300NZAMSJ8FXPQQ63</lei>
        <title>SPDR S&amp;P 500 ETF Trust</title>
        <cusip>78462F103</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
        </identifiers>
        <balance>63481.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43288963.52000000</valUSD>
        <pctVal>7.251701434307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>SPDR Gold Shares</name>
        <lei>549300SMREV46EHBHL79</lei>
        <title>SPDR Gold Shares</title>
        <cusip>78463V107</cusip>
        <identifiers>
          <isin value="US78463V1070"/>
        </identifiers>
        <balance>31652.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12544004.12000000</valUSD>
        <pctVal>2.101352522033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>SPDR Portfolio Emerging Markets ETF</name>
        <lei>5493005Z5SCOTBZOLJ04</lei>
        <title>SPDR Portfolio Emerging Markets ETF</title>
        <cusip>78463X509</cusip>
        <identifiers>
          <isin value="US78463X5095"/>
        </identifiers>
        <balance>564947.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26445169.07000000</valUSD>
        <pctVal>4.430054565451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>SPDR Portfolio Developed World ex-US ETF</name>
        <lei>549300NVXJXJCDK35U34</lei>
        <title>SPDR Portfolio Developed World ex-US ETF</title>
        <cusip>78463X889</cusip>
        <identifiers>
          <isin value="US78463X8891"/>
        </identifiers>
        <balance>459428.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20403197.48000000</valUSD>
        <pctVal>3.417912659466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>State Street SPDR Portfolio Long Term Corporate Bond ETF</name>
        <lei>5493005PBSB4DEK8L973</lei>
        <title>State Street SPDR Portfolio Long Term Corporate Bond ETF</title>
        <cusip>78464A367</cusip>
        <identifiers>
          <isin value="US78464A3674"/>
        </identifiers>
        <balance>257089.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5805069.62000000</valUSD>
        <pctVal>0.972456447707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>SPDR FTSE International Government Inflation-Protected Bond ETF</name>
        <lei>5493002X18ZM866TLJ34</lei>
        <title>SPDR FTSE International Government Inflation-Protected Bond ETF</title>
        <cusip>78464A490</cusip>
        <identifiers>
          <isin value="US78464A4904"/>
        </identifiers>
        <balance>296787.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11690439.93000000</valUSD>
        <pctVal>1.958364745067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>State Street SPDR Portfolio TIPS ETF</name>
        <lei>5493005MJ79DAO7AOD07</lei>
        <title>State Street SPDR Portfolio TIPS ETF</title>
        <cusip>78464A656</cusip>
        <identifiers>
          <isin value="US78464A6560"/>
        </identifiers>
        <balance>1669949.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43335176.55000000</valUSD>
        <pctVal>7.259442970918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>State Street SPDR Portfolio Long Term Treasury ETF</name>
        <lei>549300GYQKAMF6JUVI06</lei>
        <title>State Street SPDR Portfolio Long Term Treasury ETF</title>
        <cusip>78464A664</cusip>
        <identifiers>
          <isin value="US78464A6644"/>
        </identifiers>
        <balance>664213.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17581718.11000000</valUSD>
        <pctVal>2.945262719837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>State Street SPDR Portfolio S&amp;P 600 Small Cap ETF</name>
        <lei>549300NYZX301TBLUJ08</lei>
        <title>State Street SPDR Portfolio S&amp;P 600 Small Cap ETF</title>
        <cusip>78468R853</cusip>
        <identifiers>
          <isin value="US78468R8530"/>
        </identifiers>
        <balance>672745.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31524830.70000000</valUSD>
        <pctVal>5.280991768210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>State Street Consumer Staples Select Sector SPDR ETF</name>
        <lei>549300Z52QUV3UXHLA68</lei>
        <title>State Street Consumer Staples Select Sector SPDR ETF</title>
        <cusip>81369Y308</cusip>
        <identifiers>
          <isin value="US81369Y3080"/>
        </identifiers>
        <balance>146572.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11385712.96000000</valUSD>
        <pctVal>1.907317345782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>State Street Technology Select Sector SPDR ETF</name>
        <lei>549300BR5T0JNM2MW070</lei>
        <title>State Street Technology Select Sector SPDR ETF</title>
        <cusip>81369Y803</cusip>
        <identifiers>
          <isin value="US81369Y8030"/>
        </identifiers>
        <balance>77894.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11214399.18000000</valUSD>
        <pctVal>1.878619121498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>State Street Communication Services Select Sector SPDR ETF</name>
        <lei>549300RPODKQJE2HDW24</lei>
        <title>State Street Communication Services Select Sector SPDR ETF</title>
        <cusip>81369Y852</cusip>
        <identifiers>
          <isin value="US81369Y8527"/>
        </identifiers>
        <balance>101628.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11963648.16000000</valUSD>
        <pctVal>2.004132172888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>BP CURRENCY FUT MAR26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG00ZKH3V91"/>
        </identifiers>
        <balance>7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6150.27000000</valUSD>
        <pctVal>0.001030283891</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CME British Pound Currency Futures</indexName>
                <indexIdentifier>BPH6 Curncy</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-03-16</expDate>
            <notionalAmt>582637.23000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>6150.27000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>S+P500 EMINI FUT MAR26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG01HZQ8FZ5"/>
        </identifiers>
        <balance>20.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1290.80000000</valUSD>
        <pctVal>0.000216232855</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CME E-mini S&amp;P 500 Index Futures</indexName>
                <indexIdentifier>ESH6 Index</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>6891209.20000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1290.80000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eurex Deutschland</name>
        <lei>529900LN3S50JPU47S06</lei>
        <title>EURO STOXX 50 MAR26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG01FZGXT10"/>
        </identifiers>
        <balance>15.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85091900"/>
        <valUSD>14587.70000000</valUSD>
        <pctVal>0.002443709352</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Eurex Deutschland</counterpartyName>
              <counterpartyLei>529900LN3S50JPU47S06</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Eurex EURO STOXX 50 Futures</indexName>
                <indexIdentifier>VGH6 Index</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>863737.05000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>14587.70000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICE Futures U.S., Inc.</name>
        <lei>5493004R83R1LVX2IL36</lei>
        <title>MSCI EMGMKT MAR26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG013V2S5R2"/>
        </identifiers>
        <balance>9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>9743.40000000</valUSD>
        <pctVal>0.001632199572</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Futures U.S., Inc.</counterpartyName>
              <counterpartyLei>5493004R83R1LVX2IL36</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>ICE U.S. MSCI Emerging Markets Index Futures</indexName>
                <indexIdentifier>MESH6 Index</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>625386.60000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>9743.40000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>JPN YEN CURR FUT MAR26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG00ZKH3SK5"/>
        </identifiers>
        <balance>9.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7280.01000000</valUSD>
        <pctVal>-0.00121953622</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CME Japanese Yen Currency Futures</indexName>
                <indexIdentifier>JYH6 Curncy</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-03-16</expDate>
            <notionalAmt>729361.26000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-7280.01000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>EURO FX CURR FUT MAR26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG00ZKH3WZ0"/>
        </identifiers>
        <balance>7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8143.52000000</valUSD>
        <pctVal>0.001364190104</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CME Euro Foreign Exchange Currency Futures</indexName>
                <indexIdentifier>ECH6 Curncy</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-03-16</expDate>
            <notionalAmt>1022606.48000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>8143.52000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICE Futures Europe - Financial Products Division</name>
        <lei>N/A</lei>
        <title>FTSE 100 IDX FUT MAR26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG01T1PQ5G1"/>
        </identifiers>
        <balance>4.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74186700"/>
        <valUSD>13015.11000000</valUSD>
        <pctVal>0.002180271463</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Futures Europe - Financial Products Division</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>FTSE 100 Index Futures</indexName>
                <indexIdentifier>Z H6 Index</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>387984.52000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>13015.11000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>E-MINI RUSS 2000 MAR26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG01R98PWS4"/>
        </identifiers>
        <balance>14.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-80954.44000000</valUSD>
        <pctVal>-0.01356136485</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CME E-mini Russell 2000 Index Futures</indexName>
                <indexIdentifier>RTYH6 Index</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>1829554.44000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-80954.44000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>S+P MID 400 EMINI MAR26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG01R98PW59"/>
        </identifiers>
        <balance>4.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-20201.09000000</valUSD>
        <pctVal>-0.00338405592</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CME E-mini S&amp;P MidCap 400 Index Futures</indexName>
                <indexIdentifier>FAH6 Index</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>1350281.09000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-20201.09000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Osaka Exchange</name>
        <lei>3538001249AILNPRUX57</lei>
        <title>NIKKEI 225 (OSE) MAR26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG01PQDV8G7"/>
        </identifiers>
        <balance>2.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="156.64000000"/>
        <valUSD>-1477.52000000</valUSD>
        <pctVal>-0.00024751190</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Osaka Exchange</counterpartyName>
              <counterpartyLei>3538001249AILNPRUX57</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>OSE Nikkei 225 Index Futures</indexName>
                <indexIdentifier>NKH6 Index</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-03-12</expDate>
            <notionalAmt>101031438.00000000</notionalAmt>
            <curCd>JPY</curCd>
            <unrealizedAppr>-1477.52000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-01-15</ncom:dateSigned>
      <ncom:nameOfApplicant>LINCOLN VARIABLE INSURANCE PRODUCTS TRUST</ncom:nameOfApplicant>
      <ncom:signature>James Hoffmayer</ncom:signature>
      <ncom:signerName>James Hoffmayer</ncom:signerName>
      <ncom:title>VP</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
