<?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>S000045004</seriesId>
        <classId>C000139579</classId>
        <classId>C000139578</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>LINCOLN VARIABLE INSURANCE PRODUCTS TRUST</regName>
      <regFileNumber>811-08090</regFileNumber>
      <regCik>0000914036</regCik>
      <regLei>3EICVM5HD7FVBIM8WO57</regLei>
      <regStreet1>P O BOX 1110</regStreet1>
      <regCity>FORT WAYNE</regCity>
      <regStateConditional regCountry="US" regState="US-IN"/>
      <regZipOrPostalCode>46801</regZipOrPostalCode>
      <regPhone>260-455-3404</regPhone>
      <seriesName>LVIP Franklin Templeton Multi-Asset Opportunities Fund</seriesName>
      <seriesId>S000045004</seriesId>
      <seriesLei>549300R1EANNPUTOK723</seriesLei>
      <repPdEnd>2020-12-31</repPdEnd>
      <repPdDate>2020-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>33697054.83</totAssets>
      <totLiabs>30518.80</totLiabs>
      <netAssets>33666536.03</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>0.00000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000139579" rtn1="7.69000000" rtn2="3.88000000" rtn3="1.53000000"/>
          <monthlyTotReturn classId="C000139578" rtn1="7.66000000" rtn2="3.86000000" rtn3="1.52000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <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="-147046.98000000" netUnrealizedAppr="2367263.60000000"/>
        <othMon2 netRealizedGain="0.00000000" netUnrealizedAppr="1216109.41000000"/>
        <othMon3 netRealizedGain="0.00000000" netUnrealizedAppr="57997.08000000"/>
      </returnInfo>
      <mon1Flow redemption="127448.89000000" reinvestment="0.00000000" sales="370659.89000000"/>
      <mon2Flow redemption="164045.56000000" reinvestment="0.00000000" sales="549276.39000000"/>
      <mon3Flow redemption="201871.03000000" reinvestment="0.00000000" sales="269320.50000000"/>


    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Franklin Total Return Fund</name>
        <lei>BOFI5JCJJYCPA6G3SW76</lei>
        <title>Franklin Total Return Fund</title>
        <cusip>353612518</cusip>
        <identifiers>
          <isin value="US3536125186"/>
        </identifiers>
        <balance>438686.35400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4413184.72000000</valUSD>
        <pctVal>13.10852033029</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>iShares Intermediate-Term Corporate Bond ETF</name>
        <lei>549300ZJOCMXQZ0RKQ84</lei>
        <title>iShares Intermediate-Term Corporate Bond ETF</title>
        <cusip>464288638</cusip>
        <identifiers>
          <isin value="US4642886380"/>
        </identifiers>
        <balance>36668.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2214013.84000000</valUSD>
        <pctVal>6.576304250687</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>258151.32000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>258151.32000000</valUSD>
        <pctVal>0.766789074379</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>Franklin Rising Dividends Securities CL 1</name>
        <lei>5493003Y1ZI4IWT5WO58</lei>
        <title>Franklin Rising Dividends Securities CL 1</title>
        <cusip>355150814</cusip>
        <identifiers>
          <isin value="US3551508142"/>
        </identifiers>
        <balance>249076.90400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6157181.07000000</valUSD>
        <pctVal>18.28872760925</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>iShares Core U.S. Aggregate Bond ETF</name>
        <lei>549300F7VSXTKBGHJE47</lei>
        <title>iShares Core U.S. Aggregate Bond ETF</title>
        <cusip>464287226</cusip>
        <identifiers>
          <isin value="US4642872265"/>
        </identifiers>
        <balance>64653.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7642631.13000000</valUSD>
        <pctVal>22.70097263107</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>Franklin Mutual Global Discovery Fund</name>
        <lei>MCWMYIJMNSM9HLUJFK91</lei>
        <title>Franklin Mutual Global Discovery Fund</title>
        <cusip>354026775</cusip>
        <identifiers>
          <isin value="US3540267750"/>
        </identifiers>
        <balance>145749.19900000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3560652.93000000</valUSD>
        <pctVal>10.57623786072</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>iShares Core MSCI EAFE ETF</name>
        <lei>5493009FT582MI7Y3I36</lei>
        <title>iShares Core MSCI EAFE ETF</title>
        <cusip>46432F842</cusip>
        <identifiers>
          <isin value="US46432F8427"/>
        </identifiers>
        <balance>12355.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>706211.80000000</valUSD>
        <pctVal>2.097666951452</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>Franklin Growth Opportunities Fund</name>
        <lei>549300B6FDJC678OK402</lei>
        <title>Franklin Growth Opportunities Fund</title>
        <cusip>354713356</cusip>
        <identifiers>
          <isin value="US3547133567"/>
        </identifiers>
        <balance>53052.89300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2673335.28000000</valUSD>
        <pctVal>7.940630653589</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>iShares Core S&amp;P 500 ETF</name>
        <lei>5493007M4YMN8XL48C14</lei>
        <title>iShares Core S&amp;P 500 ETF</title>
        <cusip>464287200</cusip>
        <identifiers>
          <isin value="US4642872000"/>
        </identifiers>
        <balance>5760.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1783814.40000000</valUSD>
        <pctVal>5.298479173534</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>Franklin Growth Fund</name>
        <lei>549300HNBBCTK2YQED48</lei>
        <title>Franklin Growth Fund</title>
        <cusip>353496649</cusip>
        <identifiers>
          <isin value="US3534966490"/>
        </identifiers>
        <balance>36579.09200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4272803.74000000</valUSD>
        <pctVal>12.69154550439</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>
    </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>2020-07-15</ncom:dateSigned>
      <ncom:nameOfApplicant>LINCOLN VARIABLE INSURANCE PRODUCTS TRUST</ncom:nameOfApplicant>
      <ncom:signature>William Flory</ncom:signature>
      <ncom:signerName>William Flory</ncom:signerName>
      <ncom:title>VP</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
