PRESS RELEASE

For Immediate Release - 09/17/2001

AXA Pledges $10 Million To Relief Effort
To Kick Off $15 Million Worldwide Campaign

NEW YORK, NY – AXA Group and AXA Financial, Inc. have committed $10 million to launch a worldwide $15 million, corporate fund-raising campaign to support the disaster relief effort, it was announced jointly today by Henri de Castries, CEO of AXA, and Kip Condron, CEO of AXA Financial, Inc.

AXA has established the "AXA 9/11 Relief Fund" to coordinate and maximize the contributions of its employees and associates worldwide.

AXA will donate $10 million based on a $2-for-$1 matching gift program coordinated by the AXA Foundation, the philanthropic arm of New York-based AXA Financial. It is anticipated that AXA employees and associates across 50 countries where AXA companies operate will donate $5 million or more in individual contributions, for a total contribution of $15 million.

"The outpouring of emotions expressed by people everywhere within the AXA family in support of their U.S. colleagues has been extraordinary," Mr. Condron said. "They want very much to help in the U.S. relief effort. We feel that a $2-for-$1 matching gift program would be the most meaningful way to aid relief agencies that have worked tirelessly for the past week and will continue their humanitarian efforts far into the future."

Under the initiative, AXA employees and associates will select from among the major relief organizations for their individual contributions.

"We are anticipating that the generosity of people globally within the AXA family will serve to maximize our total contributions," Mr. de Castries said.

AXA

AXA Group is a worldwide leader in financial protection and wealth management. AXA’s operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific area. AXA had $805 billion in assets under management as of June 30, 2001 and reported revenues of approximately $35.1 billion for the first half of 2001.

AXA Financial, a member of the AXA Group, had approximately $493 billion in assets under management as of June 30, 2001. It is one of the world’s premier financial services organizations through its strong brands: The Equitable Life Assurance Society of the U.S., AXA Advisors, LLC, Alliance Capital Management L.P., Sanford C. Bernstein, and its premier wholesale distribution organization, Equitable Distributors.