PRESS RELEASE

For Immediate Release - 09/ 20/2000

AXA Asset Management Account Hits $2 Billion In Client Assets

New York, NY - The AXA Asset Management Account, a comprehensive financial planning tool for clients offered by AXA Advisors, LLC - a subsidiary of AXA Financial, Inc. -- has announced a record $2 billion in client assets in its premier brokerage products, the AXA Asset Account and Retirement Brokerage accounts, as of August, 2000. The announcement was made by Lee Wilson, executive vice president of the company's Market and Product Management Group.

The AXA Asset Account - launched to AXA Advisors extensive network of financial professionals nationwide from September to December, 1999 - is a full-service brokerage account providing brokerage, cash, and credit management facilities. It is also a financial organizer that links investments, check writing privileges and all other financial account activity on one comprehensive client statement. It offers an easy way for clients to help manage their finances. In one monthly statement, this account provides a consolidated look at financial activities, including mutual funds; stock and bond positions; unit investment trusts; and life and annuity holdings.

"The AXA Asset Account illustrates the significance the market places on financial planning," stated Mr. Wilson. "The numbers prove that it has taken hold across the country."

Financial products and services available through AXA Advisors include financial, retirement, and estate planning available through life insurance and other financial products; asset allocation; annuities; life insurance; mutual funds; general securities; wrap fee mutual fund products; managed money programs and disability income insurance – available through AXA Network, LLC, an insurance brokerage affiliate.

AXA Advisors, LLC is a leading provider of financial services for consumers and businesses, working with clients to help them define and meet their financial goals. AXA Advisors, LLC is a subsidiary of AXA Financial, Inc. (NYSE: AXF), whose affiliates and subsidiaries include The Equitable Life Assurance Society of the United States; Donaldson, Lufkin & Jenrette, Inc. (DLJ); and Alliance Capital Management, LP. AXA Financial is a member of the global AXA Group, which has nearly $700 billion in assets under management as of December 31, 1999 and operations in approximately 60 countries.

GE-00-555 (9/00)