UNITEDTable STATES SECURITIESof AND EXCHANGE COMMISSION Contents

~~Washington,~~UNITED ~~D.C.~~STATES SECURITIES ~~20549~~AND EXCHANGE COMMISSION

~~FORM~~Washington, ~~10-~~D.C. 20549

~~ASSET-BACKED~~FORM ~~ISSUER DISTRIBUTION REPORT~~10-D ~~Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934~~

~~For~~ASSET-BACKED ~~the~~ISSUER ~~quarterly~~DISTRIBUTION ~~distribution~~REPORT Pursuant ~~period~~to ~~from: March~~Section ~~22,~~13 ~~2007~~or to15(d) ~~June 22,~~of The ~~2007~~Securities Exchange Act of 1934

~~Principal~~For ~~Life~~the ~~Income~~quarterly ~~Fundings~~distribution ~~Trust~~period 29from: June 23, 2007 to September 24, 2007

~~(Exact~~Principal ~~name~~Life ofIncome ~~issuing~~Fundings ~~entity~~Trust ~~as specified in its charter)~~29

~~Principal~~(Exact ~~Life~~name ~~Insurance~~of ~~Company~~ issuing entity as specified in its charter)

Commission File Number of issuing entity: 333-129763-138

~~(Exact~~Principal ~~name~~Life ofInsurance ~~depositor as specified in its charter)~~ Company

~~Principal~~(Exact ~~Life~~name ~~Insurance~~of ~~Company~~ depositor as specified in its charter)

Commission File Number of depositor: 1-32109

~~(Exact~~Principal ~~name~~Life ofInsurance ~~sponsor as specified in its charter)~~ Company

Iowa (State or other jurisdiction of incorporation)		42-0127290 (I.R.S. Employer Identification No.)
711 High Street, Des Moines, Iowa (Address of principal executive offices of the issuing entity)		50392-0001 (Zip Code)

(Exact name of sponsor as specified in its charter)

(515) 247-5111 (Telephone number, including area code)


Iowa (State or other jurisdiction of incorporation)		42-0127290 (I.R.S. Employer Identification No.)

711 High Street, Des Moines, Iowa (Address of principal executive offices of the issuing entity)		50392-0001 (Zip Code)

~~Not applicable~~(515) 247-5111 (~~Former~~Telephone ~~name~~number, ~~former~~including ~~address,~~area ~~if changed since last report~~code)

~~Registered/reporting~~Not ~~pursuant~~applicable (Former toname, ~~(check~~former ~~one~~address, if changed since last report):

Title of class		Section 12(b)		Section 12(g)		Section 15(d)		Name of exchange (If Section 12(b))
Secured Medium-Term Notes		o		o		ý

Registered/reporting pursuant to (check one):

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: ý Yes o No


				Name of exchange
Title of class	Section 12(b)	Section 12(g)	Section 15(d)	(If Section 12(b))

Secured Medium-Term Notes	o	o	þ

~~PART~~Indicate Iby —check ~~DISTRIBUTION~~mark ~~INFORMATION~~whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: þ Yes o No

~~Item 1.~~TABLE ~~Distribution~~OF ~~and Pool Performance Information.~~ CONTENTS

On June 22, 2007, a payment was made to the holders of the notes issued by the Principal Life Income Fundings Trust 29 (the “Trust”). Specific information with respect to the payment is filed as Exhibit 99.1 hereto. No other reportable transactions or matters have occurred during the current reporting period.


PART I — DISTRIBUTION INFORMATION
	Item 1. Distribution and Pool Performance Information
PART II — OTHER INFORMATION
	Item 2. Legal Proceedings
	Item 3. Sales of Securities and Use of Proceeds
	Item 4. Defaults Upon Senior Securities
	Item 5. Submission of Matters to a Vote of Security Holders
	Item 6. Significant Obligors of Pool Assets
	Item 7. Significant Enhancement Provider Information
	Item 8. Other Information
	Item 9. Exhibits
SIGNATURES
EXHIBIT INDEX
Indenture Trustee's Report

PARTTable IIof — OTHER INFORMATION Contents

~~Item 2.~~PART ~~Legal~~I ~~Proceedings.~~— DISTRIBUTION INFORMATION

~~Although~~Item 1. ~~not~~Distribution ~~necessary material to the holders of the notes, for legal proceedings against Principal Life Insurance Company (“Principal Life”)~~ and ~~Principal~~Pool ~~Financial~~Performance ~~Group, Inc~~Information. ~~(“PFG”),~~ ~~see Item 6.~~

~~Item~~On September 3.24, ~~Sales~~2007 ofa ~~Securities~~payment ~~and~~was ~~Use~~made to the holders of ~~Proceeds~~the notes issued by the Principal Life Income Fundings Trust 29 (the “Trust”). Specific information with respect to the payment is filed as Exhibit 99.1 hereto. No other reportable transactions or matters have occurred during the current reporting period.

OnPART March 22, 2007, the Trust issued an undivided beneficial interest in the assets of the Trust (the “Trust Beneficial Interest”) in a private placement pursuant to Section 4(2) of the Securities Act of 1933, to GSS Holdings II, ~~Inc.~~— ~~(the~~OTHER ~~“Trust Beneficial Owner”) in exchange for the payment of~~INFORMATION $15. In accordance with the terms of the pricing supplement filed by Principal Life, dated as of March 19, 2007, the Trust used the net proceeds from the Trust’s issuance of the notes to the investors in the notes and the Trust Beneficial Interest to purchase a funding agreement issued to, and deposited by, the Trust on March 22, 2007.

Item 42. ~~Defaults~~Legal ~~Upon Senior Securities~~Proceedings.

~~None~~Although not necessary material to the holders of the notes, for legal proceedings against Principal Life Insurance Company (“Principal Life”) and Principal Financial Group, Inc. (“PFG”), see Item 6.

Item 53. ~~Submission~~Sales of ~~Matters~~Securities toand aUse ~~Vote~~ of ~~Security Holders~~Proceeds.

~~None~~On March 22, 2007, the Trust issued an undivided beneficial interest in the assets of the Trust (the “Trust Beneficial Interest”) in a private placement pursuant to Section 4(2) of the Securities Act of 1933, to GSS Holdings II, Inc. (the “Trust Beneficial Owner”) in exchange for the payment of $15. In accordance with the terms of the pricing supplement filed by Principal Life, dated as of March 19, 2007, the Trust used the net proceeds from the Trust’s issuance of the notes to the investors in the notes and the Trust Beneficial Interest to purchase a funding agreement issued to, and deposited by, the Trust on February 20, 2007.

Item 64. ~~Significant~~Defaults ~~Obligors~~Upon ofSenior ~~Pool Assets~~Securities.

The Trust’s assets consist of a funding agreement issued by Principal Life, as an obligor, and a guarantee issued by PFG, which fully and unconditionally guarantees the payment obligations of Principal Life under the funding agreementNone. ~~PFG is subject to the informational requirements of~~ the Securities Exchange Act of 1934, and in accordance with those requirements files periodic and current reports and other information (including financial information) with the Securities and Exchange Commission (“SEC”). You can read and copy any reports or other information PFG files at the SEC public reference room at 100 F. Street N.E., Washington, D.C. 20549. You can also request copies of PFG’s documents upon payment of a duplicating fee, by writing the SEC’s public reference room. You can obtain information regarding the public reference room by calling the SEC at 1-800-SEC-0330. PFG’s filings are available to the public from commercial document retrieval services or over the internet at http://www/sec/gov.

~~This~~Item 5. ~~Form~~Submission ~~10-D~~of ~~incorporates~~Matters ~~by reference all reports deemed~~ to ~~be filed with the SEC by PFG and Principal Life, in connection with the Trust, pursuant to Section 13(~~a), ~~Section 13(c),~~Vote ~~Section 14 or Section 15(d)~~ of ~~the~~Security ~~Securities Exchange Act during the period covered by this report~~Holders.

~~Item 7~~None. ~~Significant Enhancement Provider Information.~~

~~See~~ Item 6. Significant Obligors of Pool Assets.

~~Item 8~~The Trust’s assets consist of a funding agreement issued by Principal Life, as an obligor, and a guarantee issued by PFG, which fully and unconditionally guarantees the payment obligations of Principal Life under the funding agreement. ~~Other~~PFG ~~Information~~is subject to the informational requirements of the Securities Exchange Act of 1934, and in accordance with those requirements files periodic and current reports and other information (including financial information) with the Securities and Exchange Commission (“SEC”). You can read and copy any reports or other information PFG files at the SEC public reference room at 100 F. Street N.E., Washington, D.C. 20549. You can also request copies of PFG’s documents upon payment of a duplicating fee, by writing the SEC’s public reference room. You can obtain information regarding the public reference room by calling the SEC at 1-800-SEC-0330. PFG’s filings are available to the public from commercial document retrieval services or over the internet at http://www/sec/gov.

~~None~~This Form 10-D incorporates by reference all reports deemed to be filed with the SEC by PFG and Principal Life, in connection with the Trust, pursuant to Section 13(a), Section 13(c), Section 14 or Section 15(d) of the Securities Exchange Act during the period covered by this report.

2Item 7. Significant Enhancement Provider Information.

See Item 96. ~~Exhibits.~~

Exhibit
Number		Description
Exhibit 3		Trust Agreement entered into between U.S. Bank Trust National Association, as trustee, and GSS Holdings II, Inc., as trust beneficial owner dated as of the date of the pricing supplement; incorporated by reference to Exhibit 4.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 4.1		Indenture entered into between Citibank, N.A., as indenture trustee, and U.S. Bank Trust National Association, as trustee, on behalf of the Trust dated as of the date of the pricing supplement; incorporated by reference to Exhibit 4.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 4.2		Notes issued by the Trust dated March 22, 2007; incorporated by reference to Exhibit 4.2 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 10.1*		Form of Expense and Indemnity Agreement by and between Principal Life and U.S. Bank Trust National Association, as trustee (on behalf of itself and each trust).
Exhibit 10.2*		Form of Expense and Indemnity Agreement by and between Principal Life and Citibank, N.A., as indenture trustee, registrar, transfer agent, paying agent and calculation agent.
Exhibit 10.3*		Form of Expense and Indemnity Agreement by and between Principal Life and GSS Holdings II, Inc. as trust beneficial owner.
Exhibit 10.4*		Form of Expense and Indemnity Agreement by and between Principal Life and Bankers Trust Company, as custodian.
Exhibit 10.5		Funding Agreement issued by Principal Life to the Trust dated March 22, 2007; incorporated by reference to Exhibit 10.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 10.6		Guarantee issued by PFG to the Trust dated February 20, 2007; incorporated by reference to Exhibit 10.2 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.

Item 8. Other Information.

*		Previously filed with the SEC on December 22, 2005 with Registration Statement File Nos. 333-129763 and 333-129763-01.
**		Previously filed with the SEC on February 15, 2007 pursuant to Rule 424 of the Securities Act of 1933.

None.

SIGNATURES Table of Contents

~~Pursuant~~Item 9. ~~to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized~~Exhibits.

	Principal Life Insurance Company (Depositor)
Exhibit
Date: June 29, 2007	/s/ Karen A. Pearston
Number		Description
	Name:	Karen A. Pearston
Exhibit 3		Trust Agreement entered into between U.S. Bank Trust National Association, as trustee, and GSS Holdings II, Inc., as trust beneficial owner dated as of the date of the pricing supplement; incorporated by reference to Exhibit 4.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
	Title:	Second Vice President and Counsel
Exhibit 4.1		Indenture entered into between Citibank, N.A., as indenture trustee, and U.S. Bank Trust National Association, as trustee, on behalf of the Trust dated as of the date of the pricing supplement; incorporated by reference to Exhibit 4.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 4.2		Notes issued by the Trust dated March 22, 2007; incorporated by reference to Exhibit 4.2 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 10.1*		Form of Expense and Indemnity Agreement by and between Principal Life and U.S. Bank Trust National Association, as trustee (on behalf of itself and each trust).
Exhibit 10.2*		Form of Expense and Indemnity Agreement by and between Principal Life and Citibank, N.A., as indenture trustee, registrar, transfer agent, paying agent and calculation agent.
Exhibit 10.3*		Form of Expense and Indemnity Agreement by and between Principal Life and GSS Holdings II, Inc. as trust beneficial owner.
Exhibit 10.4*		Form of Expense and Indemnity Agreement by and between Principal Life and Bankers Trust Company, as custodian.
Exhibit 10.5		Funding Agreement issued by Principal Life to the Trust dated March 22, 2007; incorporated by reference to Exhibit 10.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 10.6		Guarantee issued by PFG to the Trust dated February 20, 2007; incorporated by reference to Exhibit 10.2 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 99.1		Indenture Trustee’s report, pursuant to Item 1121 of Regulation AB, in respect of the September 24, 2007 payment to holders of the notes issued by the Trust.
Exhibit 99.2**		Pricing Supplement of the Trust, dated as of March 19, 2007.


*		Previously filed with the SEC on December 22, 2005 with Registration Statement File Nos. 333-129763 and 333-129763-01.

**		Previously filed with the SEC on February 15, 2007 pursuant to Rule 424 of the Securities Act of 1933.

~~EXHIBIT INDEX~~3

Exhibit
Number		Description
Exhibit 3		Trust Agreement entered into between U.S. Bank Trust National Association, as trustee, and GSS Holdings II, Inc., as trust beneficial owner dated as of the date of the pricing supplement; incorporated by reference to Exhibit 4.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 4.1		Indenture entered into between Citibank, N.A., as indenture trustee, and U.S. Bank Trust National Association, as trustee, on behalf of the Trust dated as of the date of the pricing supplement; incorporated by reference to Exhibit 4.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 4.2		Notes issued by the Trust dated March 22, 2007; incorporated by reference to Exhibit 4.2 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 10.1*		Form of Expense and Indemnity Agreement by and between Principal Life and U.S. Bank Trust National Association, as trustee (on behalf of itself and each trust).
Exhibit 10.2*		Form of Expense and Indemnity Agreement by and between Principal Life and Citibank, N.A., as indenture trustee, registrar, transfer agent, paying agent and calculation agent.
Exhibit 10.3*		Form of Expense and Indemnity Agreement by and between Principal Life and GSS Holdings II, Inc. as trust beneficial owner.
Exhibit 10.4*		Form of Expense and Indemnity Agreement by and between Principal Life and Bankers Trust Company, as custodian.
Exhibit 10.5		Funding Agreement issued by Principal Life to the Trust dated March 22, 2007.; incorporated by reference to Exhibit 10.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 10.6		Guarantee issued by PFG to the Trust dated March 22, 2007, 2006; incorporated by reference to Exhibit 10.2 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.
Exhibit 99.1		Indenture Trustee’s report, pursuant to Item 1121 of Regulation AB, in respect of the June 22, 2007 payment to holders of the notes issued by the Trust.
Exhibit 99.2**		Pricing Supplement of the Trust, dated as of March 19, 2007.

*		Previously filed with the SEC on December 22, 2005 with Registration Statement File Nos. 333-129763 and 333-129763-01.
**		Previously filed with the SEC on February 15, 2007 pursuant to Rule 424 of the Securities Act of 1933.

SIGNATURES

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


	Principal Life Insurance Company (Depositor)
Date: September 24, 2007	/s/ Karen A. Pearston
	Name:	Karen A. Pearston
	Title:	Second Vice President and Counsel

EXHIBIT INDEX


Exhibit
Number		Description
Exhibit 3		Trust Agreement entered into between U.S. Bank Trust National Association, as trustee, and GSS Holdings II, Inc., as trust beneficial owner dated as of the date of the pricing supplement; incorporated by reference to Exhibit 4.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.

Exhibit 4.1		Indenture entered into between Citibank, N.A., as indenture trustee, and U.S. Bank Trust National Association, as trustee, on behalf of the Trust dated as of the date of the pricing supplement; incorporated by reference to Exhibit 4.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.

Exhibit 4.2		Notes issued by the Trust dated March 22, 2007; incorporated by reference to Exhibit 4.2 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.

Exhibit 10.1*		Form of Expense and Indemnity Agreement by and between Principal Life and U.S. Bank Trust National Association, as trustee (on behalf of itself and each trust).

Exhibit 10.2*		Form of Expense and Indemnity Agreement by and between Principal Life and Citibank, N.A., as indenture trustee, registrar, transfer agent, paying agent and calculation agent.

Exhibit 10.3*		Form of Expense and Indemnity Agreement by and between Principal Life and GSS Holdings II, Inc. as trust beneficial owner.

Exhibit 10.4*		Form of Expense and Indemnity Agreement by and between Principal Life and Bankers Trust Company, as custodian.

Exhibit 10.5		Funding Agreement issued by Principal Life to the Trust dated March 22, 2007.; incorporated by reference to Exhibit 10.1 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.

Exhibit 10.6		Guarantee issued by PFG to the Trust dated March 22, 2007, 2006; incorporated by reference to Exhibit 10.2 to Principal Life’s Current Report on Form 8-K, filed on March 22, 2007.

Exhibit 99.1		Indenture Trustee’s report, pursuant to Item 1121 of Regulation AB, in respect of the September 24, 2007 payment to holders of the notes issued by the Trust.

Exhibit 99.2**		Pricing Supplement of the Trust, dated as of March 19, 2007.


*		Previously filed with the SEC on December 22, 2005 with Registration Statement File Nos. 333-129763 and 333-129763-01.

**		Previously filed with the SEC on February 15, 2007 pursuant to Rule 424 of the Securities Act of 1933.

Filing Compare · PRINCIPAL LIFE INCOME FUNDINGS TRUST 29