Media Contacts:

New York

Rosalind Joseph
AXA Financial, Inc.
212-314-4295
rosalind.joseph@axa-financial.com

New York

Meryl Weinsaft
NAFE
212-351-6456

AXA Financial Announces Agreement With The National Association For Female Executives

New York, N.Y. - The National Association For Female Executives (NAFE), the largest women’s professional and business owners association and AXA Financial one of the nation’s premier financial services organizations, announced their agreement whereby AXA Financial - through its subsidiary AXA Advisors, LLC - will become the exclusive provider of comprehensive financial planning services for NAFE’s nationwide membership of approximately 125,000 professional executive women, businesswomen and female business owners.

Through its national network of financial professionals, AXA Advisors will offer services to help NAFE’s members meet their financial planning, asset management, wealth accumulation, estate and retirement planning needs.

"Financial planning plays a pivotal role in a businesswoman’s success," said Melissa Wahl, executive director of NAFE. "NAFE is pleased to forge a relationship with AXA Financial to provide our members with this benefit as well as access to the necessary skills, resources and experience to help them achieve their financial goals".

AXA Advisors financial professionals will collaborate with NAFE’s national affiliates to help promote the financial well-being of the organization’s members, through financial education that directly addresses issues which impact women and financial planning. The organization’s members, who elect to receive fee-based financial planning services, will receive a discount of 15% from the fee normally charged for comparable plans.

"For over 31 years, the National Association for Female Executives has been working to help women achieve professional and financial success - through education, networking and public advocacy," said Deanna Mulligan, executive vice president of AXA Financial. "This relationship presents a unique opportunity for AXA Advisors to underscore its commitment to bring focus to the women’s market and to ensure they understand we take their business seriously."

With 47% of US investors now female* and more women becoming decision-makers in their homes and businesses, today's announcement serves to reinforce AXA Advisors’ dedication to the women’s market.

*(Peter Hart & Associates Study for National Association of Securities Dealers - July 2001)

About NAFE

Founded in 1972, the National Association for Female Executives (NAFE) is the largest women’s professional and business association in the country, and publishes Executive Female, a publication distributed to 125,000 members. NAFE is part of Working Mother Media, which also operates Working Mother magazine and its 18-year signature feature "100 Best Companies for Working Mothers," as well as the 100 Best Companies WorkLife Congress. In 2002, WMM launched the "Best Companies for Women of Color," released in June 2003.

About AXA Financial

AXA Financial is a leading financial services organization, serving millions of individual and institutional clients through its strong brands. At year-end 2002, AXA Financial had $415 billion in assets under management. AXA Financial’s affiliates and subsidiaries include AXA Advisors, LLC a leading provider of financial services for consumers and businesses; The Equitable Life Assurance Society of the United States; Alliance Capital Management L.P.; Sanford C. Bernstein; and its premier wholesale distribution organization, AXA Distributors. AXA Financial is a member of the global AXA Group, which had approximately $778 billion in assets under management as of December 31, 2002 and operations in approximately 50 countries.