PRESS RELEASE

ANDREW McMAHON PROMOTED TO EXECUTIVE VICE PRESIDENT AND APPOINTED TO EXECUTIVE MANAGEMENT COMMITTEE

New York, NY – Andrew McMahon has been promoted to Executive Vice President of AXA Financial and appointed to the company’s Executive Management Committee.

The announcement was made today by Christopher M. “Kip” Condron, President and CEO of AXA Financial, to whom Mr. McMahon continues to report.

Mr. McMahon joined AXA Financial earlier this year as Senior Vice President of the new Strategic Initiatives Group.   He is responsible for the development and implementation of strategies to drive revenue growth in the retail and wholesale distribution channels.

In making the announcement, Mr. Condron said, “Andrew and his Strategic Initiatives team have made significant progress, particularly in strategy development for retail distribution growth and for creating solutions for clients in the ‘at retirement’ marketplace.   With their powerful insights and guidance, the team is making significant contributions toward our company’s organic growth.”

Before joining AXA Financial, Mr. McMahon was a principal with McKinsey & Co., serving as a Life Insurance Practice leader in North America and focusing on distribution and strategy for the retail and third-party distribution operations of many insurance clients.   Earlier, he held a series of management positions in several business divisions of General Electric.

Mr. McMahon earned a BS from Fairfield University and an MBA from Columbia Business School.   He, his wife and three sons live in Easton, CT.

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., Inc, 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 $598 billion in assets under management as of December 31, 2004.  AXA Financial is a member of the global AXA Group.