Principal Life Insurance Company, et al.,

Summary of Application: Applicants seek an order pursuant to Section 26(c) of the Act approving the substitution of shares of Fidelity Variable Insurance Products Fund V Government Money Market Portfolio (the ``Replacement Fund'') for shares of Principal Variable Contracts Funds, Inc. Money Market Account (the ``Existing Fund'') held by the Separate Account to support variable annuity contracts (each, a ``Contract'' and collectively, the ``Contracts'') issued by PLIC.