PRESS RELEASE

AXA Financial Reaffirms Commitment to Syracuse Area

New York, NY – AXA Financial, Inc., a leading financial protection and wealth management company which acquired the MONY family of companies last year, today reaffirmed its commitment to continuing to maintain a significant presence in the Syracuse area.

Christopher M. “Kip” Condron, President and Chief Executive Officer of AXA Financial, said that he is pleased to confirm that the company will continue its significant operations in the Syracuse area and that they will be expanded with the creation of 300 more jobs.

“We currently have 700 highly productive employees in Syracuse, where MONY has maintained a customer service center for many years,” Mr. Condron said. “We are excited to announce that we will add 300 more positions in the areas of service and technology.”

Mr. Condron added, “AXA Financial is delighted that the strong MONY operations there are now part of our company, and we look forward to many years of solid contributions to our company’s performance.” 

He applauded Gov. George Pataki and Charles A. Gargano, Chairman of Empire State Development, for their efforts supporting economic development in the region and in working with AXA Financial in its decision-making process related to its strategy for the Syracuse area.

Mr. Condron also praised U.S. Sen. Charles Schumer for his diligent assistance in encouraging AXA Financial to maintain and expand its Syracuse-area operations. 

Additionally, Mr. Condron noted the contributions of Syracuse Mayor Matthew J. Driscoll and Irwin L. Davis, President and CEO of the Metropolitan Development Association of Syracuse and Central New York, who have both served as valuable sources to the company as it developed its expansion plans.

“Clearly, each has demonstrated a commitment to the economy and quality of life that supports our goals for company growth in the region,” Mr. Condron said.   “We are extremely pleased to be contributing to the area’s economy in this way.”

About AXA Financial                                                                                        

AXA Financial is one of the premier U.S. organizations providing financial protection and wealth management through its strong brands: AXA Equitable Life Insurance Company, AXA Advisors, LLC, Alliance Capital Management, L.P., Sanford C. Bernstein & Co., LLC, AXA Distributors, LLC, and the MONY family of companies, including MONY Life Insurance Company, U.S. Financial Life Insurance Company, Advest, Inc., and Lebenthal, a division of Advest, Inc. (Member: NYSE, NASD, SIPC.) AXA Financial had approximately $551.3 billion in assets under management as of September 30, 2004. AXA Financial is a member of the global AXA Group.

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