PRESS RELEASE

For Immediate Release - 11/16/2000

AXA FINANCIAL, INC. DECLARES REGULAR QUARTERLY DIVIDEND

New York, NY - The Board of Directors of AXA Financial, Inc. (NYSE-AXF) today declared a regular quarterly dividend of $.025 per share on the Company's common stock. The dividend is payable on December 12, 2000 to shareholders of record on December 4, 2000.

AXA Financial, Inc., with $417 billion in assets under management as of September 30, 2000, is one of the world's premier financial service organizations through its strong brands: The Equitable Life Assurance Society, AXA Advisors, Equitable Distributors, Alliance Capital Management and Sanford C. Bernstein. AXA Financial is a member of the global AXA Group, which has operations in approximately 60 countries and has approximately $900 billion in assets under management.