PRESS RELEASE

AXA EQUITABLE ANNOUNCES FORMATION OF GLOBAL SUB-ADVISORY FUNCTION

James F. Mullery Named Head of New Group

New York, N.Y. January 29, 2007 - AXA Equitable Life Insurance Company and AXA Group announced today the formation of AXA Global Sub-Advisory Group, whose purpose is to leverage the best practices of the company's sub-advisory businesses. AXA Global Sub-Advisory Group will offer consultative services to AXA-related companies, identifying what is being done well across the globe and broadening those initiatives.

James F. Mullery, Senior Vice President, who was most recently Chief Operating Officer of AXA Distributors, LLC, the company's wholesale distribution arm, has been named President of AXA Global Sub-Advisory Group. The New York-based Funds Management Group (FMG) will now report to Mr. Mullery. He continues to report to Jamie Shepherdson, Executive Vice President of AXA Financial, Inc. and President of AXA Distributors. AXA Equitable Life Insurance Company is the principal life insurance subsidiary of AXA Financial, Inc.

"Under Jim's leadership, the new group will establish a shared strategy for sub-advisory businesses, cross-pollinating best practices and enhancing existing sub-advised businesses where appropriate," said Mr. Shepherdson. "Our initiatives include leveraging our platforms in Australia, Japan, and across Europe."

AXA Group has approximately US$67 billion in total assets under management (AUM) in its sub-advised businesses in Europe, Asia, and the United States. Two of AXA Group's largest sub-advisory businesses are FMG and Australia-based Ipac.

Sub-advised AUM worldwide are expected to grow as AXA Financial continues to pursue an open architecture investment strategy around the world. AXA Group is extending the guarantees offered through AXA Equitable's Accumulator® series of variable annuities and other products to address global retirement needs. Similar products will be available later this year in Belgium, Japan, and Hong Kong. Using the name TwinStar, the product was launched in Germany in April 2006.

"AXA Group is approaching its fund business on a cross-border basis to achieve synergies wherever possible. Doing so will allow us to leverage the innovations that are available throughout the company," said Mr. Mullery.

Mr. Mullery joined AXA Distributors as Chief Sales Officer in 2004. He was promoted to his most recent position, Chief Operating Officer of AXA Distributors, in April 2006.

Mr. Mullery has 20 years of experience in the financial services industry. Prior to joining AXA Financial, he was a senior vice president and director of sales and marketing for Fred Alger & Co. He began his career with the Reserve Fund and went on to work for Smith Barney, Lord Abbett & Co., Prudential Mutual Funds, and various subsidiaries of UBS PaineWebber. He is a graduate of the University of Scranton with a B.A. degree in history.

Mr. Mullery currently serves on the President's Metropolitan Business Council of the University of Scranton, a group of New York-based alumni whose goal is to support the university through targeted student recruitment, internship opportunities, and mentoring. He is also a member of The American Ireland Fund.

AXA Equitable Life Insurance Company provides life insurance, annuities and other needs-based products and services for the financial services market, co-distributed by AXA Advisors, LLC, and AXA Distributors, LLC.

AXA Financial is one of the premier U.S. organizations in financial protection and wealth management through its strong brands: AXA Equitable Life Insurance Company, AXA Advisors, LLC, AllianceBernstein, L.P., AXA Distributors, LLC, and the MONY family of companies, including MONY Life Insurance Company, and U.S. Financial Life Insurance Company. Member: NYSE, NASD, SIPC. AXA Financial had approximately $643.4 billion in assets under management as of December 31, 2005.

AXA Financial is a member of the global AXA Group, a worldwide leader in financial protection and wealth management. AXA Group's operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific region. AXA Group had $1.3 trillion in assets under management as of December 31, 2005. The AXA ordinary share is listed and trades under the symbol AXA on the Paris Stock Exchange. The AXA American Depositary Share is also listed on the NYSE under the ticker symbol AXA.

Part of AXA Financial, FMG ranks among the largest U.S. managers of sub-advised funds in the variable insurance industry. Since its formation in 1999, FMG has managed and overseen AXA Equitable's insurance separate accounts. Today, it has more than 40 fund professionals who have responsibility for 100 variable insurance portfolios.

Founded in 1983, Ipac is a wholly-owned subsidiary of AXA Asia Pacific Holdings Limited.

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