The 24-year-old singer had a few dress changes during her second consecutive year on the runway, reported Us magazine.
Some of her outfits included a cleavage-baring slip with a floor-length robe over a satin negligee.
Later, while singing the Harry Styles-inspired tune 'Style' she bared even more in sheer black lace lingerie.
Hours before the big show, Swift spent time with several of the VS models, including BFFs Karlie Kloss and Lily Aldridge. She also teased what songs she would be belting out.
"Wonder what I'll be singing at the VS Fashion Show tomorrow," Swift captioned an Instagram pic along with several other snapshots of polaroids.