PRESS RELEASE

For Immediate Release - 12/21/2000

Appointments At AXA Group

The AXA Group announced today that Stanley B. Tulin, Gregory G. Wilcox and Lorna Ness have been appointed as executive officers of AXA and will assume new responsibilities at group level.

Stan Tulin, AXA Financial's Vice-Chairman and CFO has been named AXA Executive Vice-President and will join the Group's Executive Committee. While maintaining his current responsibilities at AXA Financial, he will take over Group responsibility for financial communication, relations with rating agencies and consolidated risk assessment, reporting to Gérard de La Martiniere, member of the Management Board and Group CFO, Mr. Tulin will also assume an advisory role to Gérard de La Martiniere in the area of finance, control and strategy.

Gregory Wilcox, Executive Vice-President of Investor Relations at AXA Financial has been named AXA Senior Vice-President and will be in charge of the Group's Investor Relations and rating agencies reporting to Mr. Tulin. Mr. Wilcox will manage both the Paris and New York IR offices and coordinate the IR initiatives developed by other listed entities within AXA Group.

Lorna Ness, Senior Vice-President of Risk Management at AXA Financial, has been named AXA Vice-President and will be in charge of consolidated risk assessment at Group level reporting to Mr. Tulin. She will work with various teams involved in risk analysis and risk management, in order to monitor their efforts and to exploit the outcomes of their findings.

Henri de Castries, chairman of the Management Board and Chief Executive Officer of AXA, commented, "These appointments mark an important further step in the AXA Group's global strategy, by expanding our international management expertise at the Group level. Mr. Tulin is well recognized internationally as an authority in financial services and strategy, and it is a tremendous advantage to have Stan and his team join Ed Miller in the AXA Group's activities."

AXA Group is one of the world's largest international insurance and related financial services companies. AXA's operations are diverse geographically, with activities in approximately 60 countries, principally Western Europe, North America and the Asia/Pacific area. In the United States, AXA is represented through its holdings in AXA Financial, Inc. and its subsidiaries: Equitable Life Assurance Society, AXA Advisors, Equitable Distributors, Alliance Capital Management and Sanford C. Bernstein. AXA has approximately $900 billion in assets under management and $53 billion in market capitalization. The AXA American Depositary Shares (ADS) are listed on the NYSE under the ticker symbol AXA, on the Paris Stock Exchange under the same symbol and trades on the SEAQ International in London. For more information, visit www.axa.com.