Media Contacts:

New York

Marcia Tierney
AXA Financial
(212) 314-3731
Marcia.Tierney@axa-financial.com

Equitable Adds Owners 401(k) Plan To Its Momentum Solutions^SMProduct

New York, N.Y.- The Equitable Life Assurance Society of the U.S., a wholly-owned subsidiary of AXA Financial, Inc., is increasing the competitiveness of its Momentum Solutions ^SMproduct - a group deferred variable annuity contract- with the introduction of an Owners 401(k) Plan. This new Plan is designed to provide one-person businesses with an opportunity to set up individual retirement savings plans - which can earn potential tax-deferred investment returns and generate substantial deductions. The announcement was made by Deanna Mulligan, executive vice president, Product and Market Management Group.

The Owners 401(k) Plan enables clients to generate deductions that can be greater than those generated through a SEP or profit sharing plan to contribute more toward personal retirement plans, and towards the retirement of a spouse or other family members employed by the business. Clients may also make larger contributions if they are 50 years of age or older.

Additionally, the Owners 401(k) Plan is a second-generation product and offers clients access to about 100 investment options, including AXA Premier Funds and numerous investment advisors such as, Alliance Capital Management. The Plan allows transfer amounts from one investment option to another without incurring charges and transfers are not subject to income tax.

"Small business is a prime market for AXA Advisors' institutional retirement products," stated Ms. Mulligan. "The Owner's 401(k) Plan is a viable alternative to Simplified Employee Pensions, profit-sharing plans, Keoghs and other defined contribution plans and is outstanding in terms of design, value and investment."

Financial products issued by The Equitable Life Assurance Society of the U.S. are distributed through AXA Advisors, LLC, a wholly-owned subsidiary of AXA Financial, Inc. AXA Advisors is a leading provider of financial products and services for consumers and businesses, working with clients to define and to help them meet their financial goals.

AXA Financial, Inc., with approximately $480.9 billion in assets under management as of December 31, 2001, 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 & Co., and its premier wholesale distribution organization, AXA Distributors. AXA Financial is a member of the global AXA Group, 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 region. AXA had $802 billion in assets under management as of December 31, 2001 and reported revenues of approximately $67 billion for the full year 2001. For more complete information about Momentum Solutions^SMincluding charges and expenses, obtain a disclosure document by calling 1-800-821-7777. Please read the disclosure document carefully before you invest.